May 24, 2018 sale of land by public tender Bancroft-Ontario

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May 24, 2018 sale of land by public tender Bancroft-Ontario

Post: # 47175Post Flipping4Profit.ca
Sat Apr 28, 2018 12:12 am

municipal act, 2001
May 24, 2018 sale of land by public tender Bancroft-Ontario
sale of land by public tender
The Corporation of the Town of Bancroft

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 24 May, 2018, at the Town of Bancroft Municipal Office, 8 Hastings Heritage Way, Bancroft Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Bancroft Municipal Office, 8 Hastings Heritage Way, Bancroft.

Description of Land(s):

Roll No. 12 62 000 020 23850 0000; PIN 40073-0115 (LT); Part Lots 65-66 Concession West of Hastings Rd, Faraday as in FA2699 SRO Bancroft; County of Hastings; File No.16-04

Minimum Tender Amount:
$7,238.42

Roll No. 12 62 064 015 09100 0000; PIN 40087-0123 (LT); Part Lot 15 Concession 13 Dungannon as in QR79223 W of York River; Bancroft; County of Hastings; File No. 16-14

Minimum Tender Amount:
$7,016.67

Roll No. 12 62 064 015 09150 0000; PIN 40087-0124 (LT); Part Lot 15 Concession 13 Dungannon as in QR79223 E of York River; Bancroft; County of Hastings; File No. 16-15

Minimum Tender Amount:
$7,139.94

Roll No. 12 62 064 015 23100 0000; PIN 40088-0074 (LT); Part Lot 5 Concession 16 Dungannon as in QR573091 W of the York River; Bancroft; County of Hastings; File No. 16-16

Minimum Tender Amount:
$9,735.84

Roll No. 12 62 064 015 23150 0000; PIN 40088-0063 (LT); Part Lot 5 Concession 16 Dungannon as in QR573091 E of the York River; Bancroft; County of Hastings; File No. 16-17

Minimum Tender Amount:
$9,499.69

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

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.

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, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Arthur W. Smith
Treasurer
The Corporation of the Town of Bancroft
8 Hastings Heritage Way
P.O. Box 790
Bancroft ON K0L 1C0
613-332-3331 ext. 204

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