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Jul 10, 2019 Ontario tax sale properties City of North Baymunicipal act, 2001
sale of land by public tender
The Corporation of the City of North Bay
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 on July 10th, 2019, at North Bay City Hall, Purchasing Department 1st Floor, 200 McIntyre Street East, North Bay, Ontario P1B 8V6.
The tenders will be opened in public on the same day at 3:30 p.m., North Bay City Hall, 7th Floor Executive Boardroom, 200 McIntyre Street East, North Bay, Ontario.
Description of Land(s):
Tender #2019-74
PC 3711 SEC WF; PT LT 38 CON 18 west ferris as in LT60375; North Bay; District of Nipissing.
Minimum Tender Amount:
$3,743.41
According to the last returned assessment roll, the assessed value of the land is $ 6,800.00
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 the 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.
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 and Housing.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Marc A. Gauthier, CPA, CMA
Manager of Revenues & Taxation
The Corporation of the City of North Bay
P.O. Box 360, 200 McIntyre St E.
North Bay, On P1B 8H8
705-474-0626 ext. 2127
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