municipal act, 2001

sale of land by public tender

ontario regulation 181/03

municipal tax sales rules

The Corporation of the Town of Caledon

take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on November 21, 2019, at the Town of Caledon Municipal Office, 6311 Old Church Road, Caledon Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Caledon Municipal Office, 6311 Old Church Road, Caledon.

Description of Land(s):

Roll No. 21 24 010 002 03120 0000; 16587 Mount Hope Rd.; PIN 14339-0193 (LT); Part Lots 23 & 24 Concession 8 Albion as in RO861442 T/W RO861442 S/T if any RO523841; Caledon; File No. TR18-01

According to the last returned assessment roll, the assessed value of the land is $1,814,250

Minimum Tender Amount: $87,125.13

Roll No. 21 24 010 002 03000 0000; Mount Hope Rd; PIN 14339-0015(LT); Part Lot 23 Concession 8 Albion Part 1 Plan 43R14946 S/T life interest in AL21545; Caledon; File No.TR18-02

According to the last returned assessment roll, the assessed value of the land is $966,250

Minimum Tender Amount: $35,000.08

Roll No. 21 24 030 008 25405 0000; Mississauga Rd; PIN 14279-0097(LT); Part Lot 27 Concession 4 WHS Caledon Part 1, Plan 43R4517; Caledon; File No. TR18-09

According to the last returned assessment roll, the assessed value of the land is $27,375

Minimum Tender Amount: $8,353.76

Roll No. 21 24 030 007 41600 0000; 7 Flaherty Lane, Caledon; PIN 14280-0033(LT); Parcel 7-1 Section 43M858; Lot 7 Plan 43M858; Town of Caledon; File No. TR18-13

According to the last returned assessment roll, the assessed value of the land is $393,500

Minimum Tender Amount:$27,536.49

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.

Except as follows, the municipality makes no representation regarding the title to, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. The assessed value according to the last returned assessment roll may or may not be representative of the current market value of the property.

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 any taxes that may be applicable, such as a land transfer tax and HST.

The municipality has no obligation to provide vacant possession to the successful purchaser.

A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

For further information regarding this sale and a copy of the prescribed form of tender, visit:

Manager of Revenue

The Corporation of the Town of Caledon

6311 Old Church Road

Caledon ON L7C 1J6

905-584-2272 ext. 7750

info@caledon.ca

please note:

Tax Sales are not typical real estate transactions. If you are considering participating in a tax sale, it is highly recommended that you seek independent legal advice from a lawyer licensed to practice in Ontario and in good standing with the Law Society of Upper Canada.

In addition, it is not permitted to enter upon a property that is advertised for tax sale. These are not typical real estate transactions. Entering upon a property advertised for tax sale proceedings is considered to be trespassing.

Please visit http://www.caledon.ca/taxsale for more information on property tax sales.