Municipal Tax Sales Act

City Of Toronto

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 April 18th, 2001 at the tender box in the City Clerk’s Department, Ground Floor, North York Civic Centre, 5100 Yonge Street, Toronto, Ontario M2V5V7

Tenders will be opened in public on the same day at 3:30 p.m.

Description of Land(s)

1 Concorde Place, Suite 1501
All in the City of Toronto (formerly in the City of North York), in the Province of Ontario, and being more particularly described as follows:
Firstly: Unit 12, Level 14, Metropolitan Toronto Condominium Corporation No. 638, together with its appurtenant common interest;
Secondly: Unit 63, Level A, Metropolitan Toronto Condominium Corporation No. 638, together with its appurtenant common interest; and
Thirdly: Unit 64, Level A, Metropolitan Toronto Condominium Corporation No. 638, together with its appurtenant common interest
Minimum Tender Amount $53,079.24

1000 Finch Avenue West
Part of the east half of Lot 21, Concession 3, west of Yonge Street, designated as Parts 1, 2, 3 and 4 on Reference Plan 64R-6316, in the City of Toronto, (formerly City of North York).
Subject to an easement over Parts 2 and 4, Plan 64R-6316, as set out in Instrument No. TB-144572
Minimum Tender Amount $12,125,972.24

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 a cheque certified by a bank, trust corporation or Province of Ontario Savings Office payable to the municipality and representing at least 20 per cent of the tender amount.

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.

This sale is governed by the Municipal Tax Sales Act, being chapter M.60 of the Revised Statutes of Ontario 1990 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 the relevant land transfer tax.

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

Margo L. Brunning,
Manager Collections/Receivables,
Payments & Regional Customer Service,
Finance, Revenue Services,
City of Toronto,
5100 Yonge Street, Toronto,
Ontario M2N 5V7
416-395-6789
(3526) 11