Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF PRESCOTT
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 February 24, 2016, at the Prescott Town Hall, 360 Dibble St. W. Prescott Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Prescott Town Hall, 360 Dibble St. W. Prescott.
Description of Lands:
Roll No. 07 08 020 020 03200 0000; 175-179 King St W, Prescott; PIN 68162-0098(LT); Part Lot 11 S/S King St Block 2 Plan 19 Prescott designated Parts 1 and 2, Plan 15R7257; Prescott; File No. 14-01
Minimum Tender Amount: $30,660.69
Roll No. 07 08 030 030 13800 0000; 691 Dibble St W, Prescott; PIN 68161-0117(LT); Part Lots 52 & 53 S/S Dibble St Block 3 Plan 19 Prescott as in PR75045; Prescott; File No. 14-03
Minimum Tender Amount: $9,063.78
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, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.
This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act.Â 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, visit: www.OntarioTaxSales.ca