Municipal Act, 2001
Sale Of Land By Public Tender

The Corporation Of The Township Of Coleman

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 March 7, 2005 at The Corporation of the Township of Coleman.

The tenders will then be opened in public on the same day at 3:30 p.m. at The Corporation of the Township of Coleman municipal office at 10 Prospect Avenue, Cobalt, Ontario.

Description of Land(s):

Parcel 4057 SST, Mining Claim T.20964, being land and land under the water of part of Bass Lake, Block 3, Gillies Timber Limit, Municipality of Coleman
Minimum Tender Amount: $1,518.34

Parcel 3093 TEM, Mining Claim C-948, Block Two, Gillies Timber Limit, Municipality of Coleman
Minimum Tender Amount: $1,588.72

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 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.

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 the relevant land transfer tax and GST, where applicable.

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:
Clerk-Treasurer
The Corporation of the Township of Coleman
10 Prospect Avenue, P.O. Box 40
Cobalt, ON P0J 1C0
(138-P428)