Municipal Act, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF MONTAGUE
Take Notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on June 20, 2019, at the Montague Municipal Office, P.O. Box 755, 6547 Roger Stevens Drive, Smiths Falls ONÂ K7A 4W6.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Montague Municipal Office, 6547 Roger Stevens Drive, Smiths Falls.
Description of land:
Roll No. 09 01 000 030 10400 0000; 8 Second St., Smiths Falls; PIN 05266-0142(LT); Lot 113 Plan 2707 Lanark S Montague; Township of Montague; File No. 18-01
According to the last returned assessment roll, the assessed value of the land is $92,546
Minimum tender amount: $12,952.09
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 land to be sold.Â 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.Â 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 and a copy of the prescribed form of tender, visit: www.OntarioTaxSales.ca