Sale of Land by Public Tender

Posted on Thursday October 19, 2017

FORM 6

SALE OF LAND BY PUBLIC TENDER

Municipal Act, 2001

THE CORPORATION OF THE TOWN OF PENETANGUISHENE 

Take Notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Wednesday, November 29, 2017, at the Town Hall, P.O. Box 5009, 10 Robert Street W., Penetanguishene, ON L9M 2G2. 

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town Hall, 10 Robert Street W., Penetanguishene. 

Description of Lands:

ROLL NO. 43 72 010 003 04000 0000, 77 ROBERT ST W, PIN 58432-0084 LT, PT LT 36 N/S ROBERT ST PL 37 PENETANGUISHENE AS IN RO1460930; TOWN OF PENETANGUISHENE, FILE SEPE16-001-TT

Minimum Tender Amount: $19,983.08

ROLL NO. 43 72 010 005 04200 0000, 8 PEEL ST, PIN 58433-0091 LT, PT LT 38 W/S PEEL ST PL 36 PENETANGUISHENE AS IN RO844683; PENETANGUISHENE, FILE SEPE16-002-TT - LAND SALE HAS BEEN CANCELLED AS OF NOVEMBER 22, 2017

Minimum Tender Amount: $16,564.02

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 (or board) and representing at least 20 per cent of the tender amount. 

Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser. 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 and the relevant land transfer tax. 

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

 H.S.T. may be payable by the successful purchaser. 

15% Non-Resident Speculation Tax (NRST) applies to the value of the consideration for a transfer of residential property located in the Greater Golden Horseshoe Region which contains at least one and not more than six single family residences if any one of the transferees is a non-resident of Canada, foreign entity or taxable trustee. 

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

www.Tri-Target.com | Ontario's Tax Sale Community

Info@Tri-Target.com or if no internet access available, contact:

Donna Lacroix, Tax Collector/Utility Billing

The Corporation of the Town of Penetanguishene P.O. Box 5009

10 Robert Street W.

Penetanguishene, ON L9M 2G2

(705) 549-7453 Ext. 214

www.penetanguishene.ca

 

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