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SALE OF LAND BY PUBLIC TENDER

Form 6
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 Schreiber

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 November 18, 2021, at the Schreiber Municipal Office, 204 Alberta Street, Schreiber Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Schreiber Municipal Office, 204 Alberta Street, Schreiber.

Description of Lands:
1. Roll No. 58 51 000 003 07400 0000; 211 Walker Street, Schreiber; PIN 62458-0391 (LT); PCL 254 SEC TBEF; LT 63 PL M115 PRISKE; SCHREIBER; File No. 19-01
According to the last returned assessment roll, the assessed value of the land is $73,000
Minimum tender amount: $53,155.48

2. Roll No. 58 51 000 002 08900 0000; 107 Ontario Street, Schreiber; PIN 62458-1065 (LT); PT A BLK OF LAND AT SCHREIBER DIVISIONAL STATION E OF NEEPIGON RIVER PRISKE AS IN TBR332499; S/T INTEREST IN TBR322527; SCHREIBER; File No. 19-02
According to the last returned assessment roll, the assessed value of the land is $32,000
Minimum tender amount: $12,804.77

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, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. 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:

Marlene Bottomley
Treasurer/Deputy Clerk
The Corporation of the Township of Schreiber
204 Alberta Street
PO Box 40
Schreiber ON   P0T 2S0
807-824-2711 X 224

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