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municipal act, 2001 March 31, 2021 Ontario tax sale properties The Corporation of the Town of Prescottsale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the Town of Prescott
take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on
March 31, 2021, at the Prescott Town Hall, 360 Dibble St. W. Prescott Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Prescott Town Hall, 360 Dibble St. W. Prescott.
Description of Land(s):
Roll No. 07 08 020 020 00724 0000; 235 Water St. # 203, Prescott; PIN 68704-0013 (LT); unit 3 level 2 grenville condominium plan NO. 4 and its appurtenant interest; LT 15, PT LT 13, 14 & 16 BLK 2 PL 19 prescott; PT water LTS in front of LT 13, 14, 15 & 16 BLK 2 S/S water ST PL 19 prescott PT 1 15R8029 more fully described in schedule a of declaration NO. PR110500; prescott; File No. 18-02
According to the last returned assessment roll,
the assessed value of the land is $48,000Minimum Tender Amount:
$26,901.95
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 municipality.
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. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.
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.
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.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Nancy Lavallee,
Taxation and Revenue Clerk
The Corporation of the Town of Prescott
360 Dibble St. W., P.O. Box 160
Prescott ON K0E 1T0
613-925-2812 ext. 6211
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