Sale of Land by Public Tender

THE CORPORATION OF THE MUNICIPALITY OF MAGNETAWAN

Municipal Act, 2001, as amended

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 the 4th day of September, 2018, at the Municipal Offices, 4304 Highway 520, Box 70, Magnetawan, Ontario, P0A 1P0.
The tenders will then be opened in public on the same day at 3:30 p.m. at the Community Centre, 4304 Highway 520, Magnetawan, Ontario, P0A 1P0.

Description of Lands and Minimum Tender Amount:
(Set out the cancellation price as of the first day of advertising)

1. THIS TAX SALE WAS CANCELLED

2. PCL 18689 SEC SS; LT 1 PL M372 T/W A RIGHT IN PROPERTY IN THE NATURE OF AN EASEMENT TO USE THE COMMON AREAS BLOCKS “A” & “B”, PL M372; MAGNETAWAN. BEING ALL OF PIN 52087-0120 (LT). Roll # 49 44 030 003 02307.
Minimum Tender Amount: $14,492.26

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 (or board) 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(s) to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001, as amended, and the Municipal Tax Sales Rules, as amended, 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 and all successful tenderers will need to contact their own legal counsel in order to complete the transaction. The information regarding this sale is available below in pdf format.

For further information regarding this sale and a copy of the prescribed form of tender, contact:

Linda Saunders, Treasurer-Tax Collector
THE CORPORATION OF THE
MUNICIPALITY OF MAGNETAWAN
4304 Highway 520, Box 70
MAGNETAWAN, Ontario, P0A 1P0
(705) 387-3947
www.magnetawan.com

Property #1: THIS TAX SALE WAS CANCELLED

Property #2:

Property 2 Tender Package Information LT 1 PL M372 Croft

TENDER ENV – PROPERTY 2 SEPT 2018

TENDER TO PURCHASE PROPERTY 2 JULY 2018