April 8th, 2020 Ontario tax sale properties The Corporation of The Corporation of the Township of Terrace Bay

[Navtaj Chandhoke]

municipal act, 2001

April 8th, 2020 Ontario tax sale properties The Corporation of the Township of Terrace Bay

sale of land by public tender

Ontario regulation 181/03

municipal tax sales rules

The Corporation of the Township of Terrace Bay

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on April 8, 2020, at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Terrace Bay Municipal Office, 1 Selkirk Avenue, Terrace Bay.

Description of Land(s):

Roll No. 58 54 000 003 08100 0000; 16 Elizabeth Ave., Terrace Bay; PIN 62457-0341 (LT); PCL 630 SEC TBEF; LT 421 PL M143 strey; terrace bay; File No. 18-01

According to the last returned assessment roll, the assessed value of the land is $17,000

Minimum Tender Amount:$28,955.43

Roll No. 58 54 000 003 03601 0000; 53 Lakeview Dr., Terrace Bay; PIN 62457-0432 (LT); PCL 9558 SEC TBF; LT 508 PL M143 strey; terrace bay; File No. 18-04

According to the last returned assessment roll, the assessed value of the land is $11,200

Minimum Tender Amount:$7,343.88

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 or any other matters relating 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 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 contact:

Stan J. Spadoni

Treasurer/Deputy Clerk

The Corporation of the Township of Terrace Bay

1 Selkirk Avenue

P.O. Box 40

Terrace Bay ON P0T 2W0

807-825-3315 ext. 227

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