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 Township Of Assiginack

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 January 27th, 2003, at the Municipal Office, 25B Spragge Street, Box 238, Manitowaning, ON P0P 1N0

The tenders will then be opened in public on the same day in the Council Chambers

Minimum Tender Amount

Description of Land(s)

Assiginack Concession 16 Part Lot 7 Township of
Assiginack District of Manitoulin Minimum Tender Amount$7,097.65

Assiginack Concession 9 Lots 29-30 M164 Block B
Parcel 1741 Township of Assiginack District of
Manitoulin Minimum Tender Amount $4,108.20

Assiginack Concession 9 Lot 29 Plan M164 Lot 5
Parcel 1291 Township of Assiginack District of
Manitoulin Minimum Tender Amount$4,201.94

Assiginack Concession 9 Lot 29 Plan M164 Lot 6
Parcel 1292 Township of Assiginack District of
Manitoulin Minimum Tender Amount $4,259.36

Tenders must be submitted in the prescribed form and must be accom- panied 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 Municipal 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.

If this sale is subject to Goods and Services Tax (GST) then such GST shall be in addition to and not included in the tender amount (purchase price), and GST shall be collected and remitted in accordance with applicable legislation.

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 pre- scribed form of tender, contact:

Gord Tokaryk, Clerk-Treasurer
Corporation of the Township of Assiginack
Box 238, 25 Spragge Street
Manitowaning ON P0P 1N0
(705) 859-3196
(4164) 52