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municipal act, 2001 sale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the Town of Atikokan
take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on September 25, 2019, at the Atikokan Town Office, 120 Marks Street, Atikokan Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Atikokan Town Office, 120 Marks Street, Atikokan.
Description of Land(s):
Roll No. 59 01 000 001 01300 0000; 111 Main St. E, Atikokan; PIN 56005-1944(LT); Parcel 229-1 Section SM151 Surface Rights Only; Lot 229 Plan SM151 Unsurveyed Territory; Atikokan; File No. 18-01
According to the last returned assessment roll, the assessed value of the land is $80,750
Minimum Tender Amount:
$29,789.60
Roll No. 59 01 000 006 05200 0000; 2 Grenville Ave, Atikokan; PIN 56005-0973(LT); Parcel 41-2 Section SM156; firstly; Lot 41 Plan SM156 Freeborn except Part 1 Plan 48R3663; secondly; Part Morson St Plan SM156 Freeborn Surface Rights Only, designated Parts 2 & 3 Plan 48R3663; S/T SLT50486; Atikokan; File No. 18-03
According to the last returned assessment roll, the assessed value of the land is $45,625
Minimum Tender Amount:
$21,715.98
According to the last returned assessment roll, the assessed value of the land is $29,000
Minimum Tender Amount:
$9,420.76
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 lands 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 contact:
Adam Johnson
Property Tax Clerk
The Corporation of the Town of Atikokan
120 Marks Street
PO Box 1330
Atikokan ON P0T 1C0
807-597-1234 ext. 225
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