Sep 15,2017 Alberta Tax Sale properties Town of Stony Plain

[Navtaj Chandhoke]

Sep 15,2017 Alberta Tax Sale properties Town of Stony Plain

Town of Stony Plain

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

Town of Stony Plain will offer for sale, by public auction, in the Council Chambers,

Town of Stony Plain, 4905 – 51 Avenue, Stony Plain, Alberta, on Friday, September

15, 2017, at 10:00 a.m., the following parcels:

Roll No

Lot

Block

Plan

C of T

4100

22

2

4180R

802 006 811

4200

23

2

4180R

802 006 722

4300

24

2

4180R

802 001 607

149837

36

7622155

982 337 621

211300

14

1

8920159

072 137 150

811200

4

1

1224421

122 364 921

811300

5

1

1224421

122 364 921+1

Redemption of a property offered for sale may be effected by payment of all arrears,

penalties and costs by guaranteed funds at any time prior to the auction.

Each property offered for sale will be subject to a reserve bid and, in the case of land,

to the reservations and conditions contained in the existing certificate of title.

The properties 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

state of the property nor its suitability for any intended use by the successful bidder.

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

officers and employees of the municipality must not bid or buy any property offered

for sale, unless directed by the municipality to do so on behalf of the municipality.

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

year.

The purchaser will be required to execute a sale agreement in form and substance

provided by the municipality.

The successful purchaser must, at the time of sale, make payment in cash, certified

cheque or bank draft payable to the municipality as follows:

a. The full purchase price if it is $10,000 or less; OR

b. If the purchase price is greater than $10,000, the purchaser must provide a

non-refundable deposit in the amount of $10,000 and the balance of the

purchase price must be paid within 20 days of the sale.

GST will be collected on all properties subject to GST.

The risk of the property lies with the purchaser immediately following the auction.

The purchaser is responsible for obtaining vacant possession.

In the case of land, the purchaser will be responsible for registration of the transfer

including registration fees.

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.

The municipality may, after the public auction, become the owner of any property

that is not sold at the public auction.

Once the property is declared sold at public auction, the previous owner has no

further right to pay the tax arrears.

Sharleen Horchuk, Financial Services Manager

Town of Stony Plain.

Bill Rogan, County Administrator.

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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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Tags:

#Canadian

#Alberta

#RealEstate

#Auction

#Sale

#PublicAuction

#property

#PublicSaleofLand

#MunicipalGovernmentAct

#Offer

#Forsale

#reserveBid

#Title

#landForsale

#Investor

#Purchaser

#Bidder

#Redemption

#taxLiens

#TaxArrears

#Seminar

#Canada

#Deposit

#payment

#PropertyTaxes

#Arrears

#AsIsWhereIs

#OfferedForSale

#municipality

#County

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