TAX SALE - PUBLIC TENDER
May 23rd, 2019 - Closes at 3:00 pm
Sale of land for Tax Arrears
By Public Tender
MUNICIPAL ACT, 2001
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF COCHRANE
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 Thursday, May 23rd, 2019 at the Municipal Office, 171 Fourth Ave., Cochrane, Ontario P0L 1C0. The tenders will then be opened in public on the same day at 3:15 p.m at the Municipal Office, 171 Fourth Ave., Cochrane, Ontario.
Description of Lands:
E 1/2 LT 11 CON 8 GLACKMEYER; TOWN OF COCHRANE
Town of Cochrane, District of Cochrane
File No. 2018-06
Minimum Tender Amount: $ 2,316.40
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 cashiers cheque 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.
The Municipal Act, 2001 and the Municipal Tax Sales Act govern this sale. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable 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:
Director of Corporate Services
The Corporation of the Town of Cochrane
171- Fourth Avenue
Cochrane, Ontario P0L 1C0
(705)272-4361 Ext. 226.
Please read all documents contained in the public tender package to avoid your tender from being rejected.