MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE VILLAGE OF SOUTH RIVER
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 11, 2013 at the Village of South River Municipal Office.
The tenders will then be opened in public on January 14, 2013 at 5:30 p.m. at the Village of South River Municipal Office, 63 Marie Street, South River, Ontario P0A 1X0.
Description of Lands:
Parcel 8509 Sec NS, Lot 11, n/s Ottawa Avenue, Plan M-2, Village of South River, District of Parry Sound
Minimum Tender Amount: $56,176.54
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 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 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 contact:
Sherri Hawthorne
Treasurer
The Corporation of the Village of South River
63 Marie Street
P.O. Box 310
South River, Ontario P0A 1X0
