Aug 13,2014 Tax sale properties Cobalt-Ontario

[Navtaj Chandhoke]

Aug 13,2014 Tax sale properties Cobalt-Ontario

Sale of Lands for Tax Arrears by Public Tender

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE TOWN OF COBALT

TAKE NOTICE that tenders are invited for the purchase of the land(s)

described below and will be received until 2:00 p.m. local time 13th August

2014. The tenders will then be opened in public on the same day at 2:15

p.m. at the Corporation of the Town of Cobalt

Description of Land(s):

PIN 61386-0505 PT LT 475 PL M47NB COLEMAN PT 13 TER394;

COBALT; DISTRICT OF TIMISKAMING

Minimum Tender Amount: $5,945.74

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 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 relating to the land to be sold.

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.

For further information regarding this sale and a copy of the prescribed

form of tender contact:

Candice Bedard-CAO

The Corporation of the Town of Cobalt

18 Silver Street

P.O. Box 70

Cobalt, Ontario P0J 1C0

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