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Sale of Land for Tax Arrears by Public Tender municipal act, 2001
sale of land by public tender
Ontario regulation 181/03
municipal tax sales rules
The Corporation of the Township of Madoc
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 December 17, 2019 at the Madoc Township Municipal Office, 15651 Highway 62 Madoc, ON K0K 2K0 or by mail to Madoc Township P.O. Box 503 Madoc, ON K0K 2K0. The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office.
Description of Land(s):Roll No. 12 36 000 020 33100 0000; PIN 40214-0180 (LT) Part Lot 27 Concession 6; as in QR447082; Description may not be acceptable in future as in QR447082; except mining rights, if any; Madoc, County of Hastings
According to the last returned assessment roll, the assessed value of the land is $9,650.
According to the last returned assessment roll, the assessed value of the land is $455,875.
Minimum Tender Amount:$669,287.84
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 certified cheque by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.
Except as follows, the municipality makes no representation regarding the title to or any other matters related to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. 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 land transfer tax and harmonized sales tax.
The municipality has no obligation to provide vacant possession to the successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Anne-Marie Goulah
Treasurer/Administrator
The Corporation of the Township of Madoc
15651 Highway 62, P.O. Box 503
Madoc ON K0K 2K0
613-473-2677
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