municipal act, 2001

Jan 16, 2018 Ontario Tax Sale Properties West Lincoln

sale of land by public tender

The Corporation of the Township of West Lincoln

take notice that tenders are invited for the purchase

of the land(s) described below and will be received

until 3:00 p.m. local time on

Tuesday, January 16, 2018,

at the Town Hall in the Council Chambers,

318 Canborough Street, P.O. Box 400, Smithville, ON L0R 2A0.

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The tenders will then be opened in public on the

same day as soon as possible after 3:00 p.m. at

the Town Hall in the Council Chambers,

318 Canborough Street, Smithville.

Jan 16, 2018 Ontario Tax Sale Properties West Lincoln

Description of Land(s):

roll no. 26 02 020 004 41400 0000,

5623 Regional 69 Rd,

pin 46049-0082 lt, pt lt 24 Con 6 gainsborough

as in ro46768; west lincoln, file nawl15-006-tt

Minimum Tender Amount:

$30,318.85

roll no. 26 02 020 004 30900 0000,

4595 Sixteen Rd,

pin 46078?0088 lt, pt lt 13 Con 6 gainsborough

as in mem14262 and as in ga3258; township of

west lincoln, file nawl15-061-tt

Minimum Tender Amount:

$16,066.02

Tenders must be submitted in the prescribed

form and must be accompanied by a deposit

in the form of a money order or of a bank

draft or cheque certified by a bank or trust

corporation payable to the municipality

(or board) and representing at least

20 per cent of the tender amount.

Except as follows, the municipality makes

no representation regarding the title to,

existing interests in favour of the Crown,

environmental concerns or any other

matters relating to the land(s) to be sold.

Any existing Federal or Provincial Crown liens

or executions will remain on title and may

become the responsibility of the potential

purchaser. Responsibility for ascertaining

these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001

and the Municipal Tax Sales Rules made under

that Act. The successful purchaser will be

required to pay the amount tendered plus

accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to

provide vacant possession to the successful purchaser.

H.S.T. may be payable by the successful purchaser.

15% Non-Resident Speculation Tax (Nrst)

applies to the value of the consideration

for a transfer of residential property located

in the Greater Golden Horseshoe Region

which contains at least one and not more

than six single family residences if any one of

the transferees is a non-resident of Canada,

foreign entity or taxable trustee.

For further information regarding this sale

and a copy of the prescribed form of tender contact:

Melinda Dent, A.I.M.A.

Coordinator of Revenue Services

The Corporation of the Township of West Lincoln

318 Canborough Street

P.O. Box 400

Smithville, on L0R 2A0

905-957-3346ext. 6718

DISCLAIMER

We believe the information contained in this

article to be accurate.It is presented with the

understanding that we are not engaged in

rendering legal,accounting, or investment advice.

When professional assistance is required,

utilize the services of a licensed real estate

broker, lawyer, accountant,

or other consultant as may be required.

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