MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF KING
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 3 August 2011, at the Township of King Municipal Office, 2075 King Road, King City, Ontario L7B 1A1.
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, 2075 King Road, King City.
Description of Lands:
Roll No. 19 49 000 022 59500 0000; 2520 King Rd. King City; PIN 03370-0279(LT) Part East 1/2 Lot 6 Concession 4 King as in R274509; S/T R274509; King. File 09-01
Minimum Tender Amount: $ 53,373.03
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.
Note: HST may be payable by successful purchaser.
For further information regarding this sale and a copy of the prescribed form of tender visit www.OntarioTaxSales.ca
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