Municipal Tax Sales Act
R.S.O 1990, c. M.60, s. 9 (2) (d), R.R.O 1990, Reg. 824

The Corporation Of The Town Of Cobalt

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 September 21, 2001, at Cobalt Town Hall, P.O. Box 70 Cobalt, Ontario P0J 1C0.

The tenders will then be opened in public on the same day at Cobalt Town Hall at 3:30 p.m.

Description of Land(s)

Parcel 3906 South Section Timiskaming
Lot 96, Plan M-101 Timiskaming Township of
Coleman, Municipality of Cobalt
Minimum Tender Amount $8,783.01

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, trust corporation or Province of Ontario Savings Office payable to the municipality or board 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 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:

Clerk-Treasurer
The Corporation of the Town of Cobalt
P.O. Box 70
18 Silver Street
Cobalt, Ontario P0J 1C0
(3691) 35