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 Township of Brock
Take Notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on September 26, 2019, at the Brock Township Office, 1 Cameron Street East, Cannington Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Brock Township Office, 1 Cameron Street East, Cannington.
Description of Lands:
1) Roll No. 18 39 010 004 54901 0000; PIN 72051-0063 (LT); Part Lot 1 Concession A, S of Centre Rd, Thorah Island, Thorah as in CO56553; Township of Brock; File No. 18-01
According to the last returned assessment roll, the assessed value of the land is $91,000
Minimum tender amount: $14,076.49
2) CANCELLED- Roll No. 18 39 030 002 12500 0000; 78 Cameron St. W, Cannington; PIN 72016-0193 (LT); Part Lots 44, 45 Plan H50055 designated Part 4 Plan 40R9516 T/W D222700; Brock; File No. 18-07
According to the last returned assessment roll, the assessed value of the land is $169,000
Minimum tender amount: $17,342.98
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 lands 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.
Transfers of properties in this jurisdiction that contain at least one and not more than six single family residences and are transferred to non-residents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (NRST).
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:
or if no internet access available, contact:
Crystal Doucette, Tax Collector
Township of Brock
1 Cameron Street East, PO Box 10
Cannington, Ontario, L0E 1E0
705-432-2355 ext. 226
TENDER PACKAGES MUST BE PICKED UP IN PERSON AT THE TREASURY COUNTER
THEY WILL NOT BE EMAILED OR MAILED
THEY CAN BE DOWNLOADED FROM www.OntarioTaxSales.ca for a fee.