Sep 21,2016 Alberta Tax Sale properties Town of Daysland

[Navtaj Chandhoke]

Sep 21,2016 Alberta Tax Sale properties Town of Daysland

Town of Daysland

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

Town of Daysland will offer for sale, by public auction, in the Town Office,

Daysland, Alberta, on Wednesday, September 21, 2016, at 10:00 a.m., the following

parcels:

Roll No

Lot

Block

Plan

C of T

419

26

21

7820211

122 237 633

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

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

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

municipality.

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 state of the parcel

nor its suitability of the lands 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 parcel for

themselves.

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 non-residential properties, unless the Purchaser is a GST

registrant.

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

The purchaser is responsible for obtaining vacant possession.

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 parcel of

land 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.

Rod Krips, Chief Administrative Officer.

Town of Daysland

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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