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sale of land by public tender ontario regulation 181/03
municipal tax sales rules
The Corporation of the Township of Whitewater Region
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 October 17, 2019, at Whitewater Region Municipal Office, 44 Main Street, Cobden Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Whitewater Region Municipal Office, 44 Main Street, Cobden.
Description of Land(s):
Roll No. 47 58 058 020 20000 0000;
47 Rapid Rd., WestmeathAccording to the last returned assessment roll,
the assessed value of the land is $88,000.00Minimum Tender Amount:
$15,858.91
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, crown interests or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. 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:
Sean Crozier
Treasurer
The Corporation of the Township of Whitewater Region
44 Main Street
P.O. Box 40
Cobden ON K0J 1K0
613-646-2282 ext. 138
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