SALE OF LAND BY PUBLIC TENDER

SALE OF LAND BY PUBLIC TENDER

Municipal Act, 2001

Ontario Regulation 181/03, Municipal Tax Sale Rules


SALE OF LAND BY PUBLIC TENDER

The Corporation of the Town of Innisfil

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 March 12, 2020, at Town of Innisfil Municipal Office, 2101 Innisfil Beach Road, Innisfil Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Innisfil Municipal Office, 2101 Innisfil Beach Road, Innisfil.

Description of Land:

Roll No. 43 16 010 021 02000 0000; Innisfil Beach Rd; PIN 58063-0182 (LT); PT LT 13 CON 7 INNISFIL PT 7 51R1666; INNISFIL; subject to execution 94-01983, if enforceable; File No. 18-07

According to the last returned assessment roll, the assessed value of the land is $102,000

Minimum tender amount: $12,509.19

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.  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.  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
or if no internet access available, contact:
Marjut Luoma-Uhlik
Revenue Taxation Officer
The Corporation of the Town of Innisfil
2101 Innisfil Beach Road Innisfil ON   L9S 1A1
(705) 436-3740 x2330