- This topic is empty.
-
Posts
-
municipal act, 2001 sale of land by public tender
ontario regulation 181/03
Jun 27, 2019 Ontario tax sale properties Town of Bancroftmunicipal tax sales rules
The Corporation of the Town of Bancroft
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 June 27, 2019, at the Town of Bancroft Municipal Office, 8 Hastings Heritage Way, P.O. Box 790, Bancroft.
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, 8 Hastings Heritage Way, Bancroft.
Description of Land(s):
Roll No. 12 62 000 030 10710 0000; PIN 40071-0126 (LT); Part Lot 59 Concession W of Hastings Rd Faraday designated Parts 5 and 7 Plan 21R17977; Bancroft; County of Hastings; File No. 16-05
Minimum Tender Amount:
$3,644.56
Minimum Tender Amount:
$6,546.43
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, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.
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, HST if applicable 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:
Arthur W. Smith
Treasurer
The Corporation of the Town of Bancroft
8 Hastings Heritage Way
P.O. Box 790
Bancroft ON K0L 1C0
613-332-3331
- You must be logged in to reply to this topic.