Nov 10, 2015 Tax sale properties Clyde-Alberta

[Navtaj Chandhoke]

Nov 10, 2015 Tax sale properties Clyde-Alberta

Village of Clyde

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

Village of Clyde will offer for sale, by public auction, in the Village Office, Village

of Clyde, Alberta, on Tuesday, November 10, 2015, at 10:00 a.m., the following

parcels:

Roll No

Lot

Block

Plan

C of T

5000

2

2

1453AJ

022 367 267

19200

10

10

7621046

152 172 573

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

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

Each parcel of land offered for sale will be subject to a reserve bid and to the

reservations and conditions contained in the existing certificate of title.

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 suitability of the

lands for any intended use by the successful bidder.

GST will apply to all properties subject to GST sold at the auction.

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

year.

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 balance of the purchase price due within thirty (30) days of the sale.

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

municipality.

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

officers and employees of the municipality must not bid or buy 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.

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.

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 will be required to execute a Sale Agreement in form and substance

provided by the municipality.

The purchaser is responsible for obtaining vacant possession.

The purchaser will be responsible for the transfer registration fee.

The municipality may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.

90 days from the date of the Auction, the property is to be cleared of all

structures/foundations or brought up to Safety Code Standards/Regulations and

Comply with Village By-Laws. Following completion of this term, the title will then

be transferred to the purchaser.

Any work performed on said property is to follow all safety code regulations and

Village By-laws.

Garth Bancroft, Chief Administrative Officer

Village of Clyde.

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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