Mar 13,2019 Ontario tax sale properties town of Penetanguish

[Navtaj Chandhoke]

Mar 13,2019 Ontario tax sale properties town of Penetanguishene

Sale of Land for Tax Arrears by Public Tender

municipal act, 2001

sale of land by public tender

Ontario Regulation 181/03

Municipal Tax Sales Rules

The Corporation of the town of Penetanguishene

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE TOWN

OF PENETANGUISHENE

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 Wednesday, March 13, 2019, at the Municipal Office, P.O. Box

5009, 10 Robert Street W., Penetanguishene, ON L9M 2G2.

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, 10 Robert Street W.,

Penetanguishene.

Description of Land(s):

ROLL NO. 43 72 010 001 00110 0000, PIN 58405-0439 LT, PT LT

1 S/S ROBERT ST PL 9 PENETANGUISHENE AS IN PE9362

EXCEPT RO404633 & PT 4, 51R6838; PENETANGUISHENE,

FILE SEPE17-002-TT

Minimum Tender Amount: $5,495.13

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 Town of Penetanguishene.

Except as follows, the municipality makes no representation regarding the

title to, existing interests in favour of the Crown, environmental concerns

or any other matters relating to the land(s) to be sold. Any existing Federal

or Provincial Crown liens or executions will remain on title and may

become the responsibility of the potential purchaser. 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 any

taxes that may be applicable, such as a land transfer tax and HST.

15% Non-Resident Speculation Tax (NRST) applies to the purchase

price for a transfer of residential property located in the Greater

Golden Horseshoe Region which contains at least one and not more

than six single family residences if any one of the transferees is a nonresident

of Canada, foreign entity or taxable trustee.

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 visit: http://www.penetanguishene.ca/en/business/

tenders.asp or if no internet access available, contact:

Donna Lacroix

Tax Collector/Utility Billing

The Corporation of the Town

of Penetanguishene

P.O. Box 5009

10 Robert Street W.

Penetanguishene, ON L9M 2G2

(705) 549-7453 Ext. 214

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