Sale of Public Land by Tender

Posted on Monday February 11, 2019

FORM 6
SALE OF LAND BY PUBLIC TENDER
Municipal Act, 2001

Ontario Regulation 181/03

Municipal Tax Sales Rules

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, March 27, 2019, at the Municipal Office, 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 Municipal Office, 10 Robert Street W., Penetanguishene.

Description of Land:
ROLL NO. 43 72 010 001 00110 0000, PIN 58405-0439 LT, PT LT 1 S/S ROBERT ST PL 9 PENETANGUISHENE AS IN PE9362 EXCEPT RO404633 & PT 4, 51R6838; PENETANGUISHENE, FILE SEPE17-002-TT

Minimum Tender Amount: $5,531.31

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 Town of Penetanguishene.

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.

The land was previously advertised for sale to be held on the 13th of March, 2019 but the sale was postponed.

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.

15% Non-Resident Speculation Tax (NRST) applies to the purchase price 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.

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 visit:

www.penetanguishene.ca/en/business/tenders.asp

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