Feb 15,2018 Alberta Public Sale of Land Town of Coronation

[Navtaj Chandhoke]

Feb 15,2018 Alberta Public Sale of Land Town of Coronation

Public Sale of Land, Alberta

Municipal Government Act Alberta

Town of Coronation

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Notice is hereby given that under the provisions of the Municipal Government Act,

the Town of Coronation will offer for sale, by public auction, in the Council

Chambers at the Town Office at 5015 Victoria Avenue, Coronation, Alberta, on

Thursday, February 15, 2018, at 10:00 a.m., the following parcels:

Lot

Block

Plan

Title

3

8

8149AH

042 283 939

3-4

41

8149AH

042 437 907

28

42

8149AH

062 451 123

29

42

8149AH

062 451 123 +1

29

2

8021520

082 288 914

26

2

8021520

112 387 761

4

2

8021520

122 181 583

11-12

9

8149AH

132 208 018

30-31

42

8149AH

142 065 305

14

1

8021520

142 328 341

30

15

8149AH

942 128 174

34

2

8021520

942 385 080

The purchaser of the property will be responsible for any property taxes for the

current year.

Each parcel of land offered for sale at public auction will be subject to a reserve bid

and to the reservations and conditions contained in the existing certificate of title.

Redemption of a parcel of land offered for sale may be affected by certified payment

of all arrears of taxes, penalties and costs at any time prior to the auction.

The lands are being offered for sale on an “as is, where is” basis, and the Municipality

makes no representation and gives no warranty whatsoever as to the adequacy of

services, soil conditions, land use districting, building and development conditions,

absence or presence of environmental contamination, vacant possession, or the

developability of the lands for any intended use by the successful bidder.

No terms and conditions of sale will be considered other than those specified by the

municipality.

The auctioneer, the councillors, the chief administrative officer, the designated

officers and employees of the municipality must not bid for or buy, or act as an agent

in buying, any parcel of land offered for sale, unless directed by the municipality to

bid for or buy a parcel of land on behalf of the municipality.

Once the property is declared sold to another individual at public auction the previous

owner has no further right to pay the tax arrears.

The risk of the property lies with the purchaser immediately following the auction.

The purchaser is responsible for obtaining vacant possession.

If no offer is received on a property or if the reserve bid is not met, the property

cannot be sold at the public auction.

The municipality may, after the public auction, become the owner of any parcel of

land that is not sold at the public auction.

Terms: The successful bidder must, at the time of the sale, make a non-refundable ten

percent (10%) deposit in cash, certified cheque or bank draft payable to the

municipality, with the remaining balance of the purchasing price due within thirty

(30) days of the sale. GST will apply to all applicable lands sold at the auction.

Sandra Kulyk,

Chief Administrative Officer.

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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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Tags:

#Canadian

#Alberta

#RealEstate

#Auction

#Sale

#PublicAuction

#property

#PublicSaleofLand

#MunicipalGovernmentAct

#Offer

#Forsale

#reserveBid

#Title

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#Investor

#Purchaser

#Bidder

#Redemption

#taxLiens

#TaxArrears

#Seminar

#Canada

#Deposit

#payment

#PropertyTaxes

#Arrears

#AsIsWhereIs

#OfferedForSale

#municipality

#County

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