Jul 10, 2019 Ontario tax sale properties Town of Northeastern Manitoulin and the Islands

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Jul 10, 2019 Ontario tax sale properties Town of Northeastern Manitoulin and the Islands

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Sat Jun 22, 2019 12:02 am

Jul 10, 2019 Ontario tax sale properties Town of Northeastern Manitoulin and the Islands
Sale of Land for Tax Arrears by Public Tender
municipal act, 2001

sale of land by public tender

ontario regulation 181/03

municipal tax sales rules

The Corporation of the Town of Northeastern Manitoulin and the Islands

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 July 10, 2019, at the Town of Northeastern Manitoulin and The Islands Municipal Office, 14 Water St. E., P.O. Box 608, Little Current ON P0P 1K0.

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 Northeastern Manitoulin and The Islands Municipal Office, 14 Water St. E., Little Current.

Description of Land(s):

Roll No. 51 19 020 001 16700 0000; 61 Campbell St. W, Little Current; PIN 47122-0824 (LT); Part Lot 6 S/S Campbell St Plan 1 as in T18181; NE Manitoulin & Islands; File No.18-01

According to the last returned assessment roll, the assessed value of the land is $68,250

Minimum Tender Amount:
$11,561.09


Roll No. 51 19 040 001 10200 0000; PIN 47124-0092 (LT); Part Lot 16 Concession 3 Howland as in T21577; S/T & T/W T21577; NE Manitoulin & Islands; File No. 18-05

According to the last returned assessment roll, the assessed value of the land is $7,975

Minimum Tender Amount:
$3,886.97


Roll No. 51 19 040 002 16100 0000; PIN 47120-0219 (LT); Part Lot 30 Concession 3 Howland as in T16038; S/T & T/W T16038; NE Manitoulin & Islands; File No. 18-08

According to the last returned assessment roll, the assessed value of the land is $7,975

Minimum Tender Amount:
$3,563.62

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:

Sheryl Wilkin
Treasurer
The Corporation of the Town of Northeastern Manitoulin and The Islands
14 Water St. E.
P.O. Box 608
Little Current ON P0P 1K0
705-368-3500 ext. 222

swilkin@townofnemi.on.ca

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