MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF LATCHFORD
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 January 13, 2020 at the Town of Latchford Municipal Office, 10 Main Street, Hwy 11, Latchford, Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00pm at the Town of Latchford Municipal Office, 10 Main Street, Hwy 11, Latchford, Ontario.
Description of Land(s):
Roll No. 5406 000 001 23505 0000
PCL 18029 SEC SST; LT 317 PL M57NB COLEMAN SRO; S/T LT42548; LATCHFORD; DISTRICT OF TIMISKAMING.
According to the last returned assessment roll, the assessed value of the land is $7,775.00.
Minimum Tender Amount: $5,388.37
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 (or board).
Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. 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 any taxes that may be applicable, such as a land transfer tax and HST if applicable.
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:
The Corporation of the Town of Latchford
10 Main Street, Hwy 11
P.O. BOX 10
Latchford, Ontario P0J 1N0