Sale of Land for Tax Arrears by Public Tender
Municipal Act, 2001
Sale Of Land By Public Tender
The Corporation Of The City Of Welland
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 Wednesday, June 15, 2005 at the Treasurer’s Office, City of Welland, 60 East Main Street, Welland, Ontario.
The tenders will then be opened in public on the same day at 3:15 p.m. at City of Welland, 60 East Main Street, Welland, Ontario.
Description of Land(s):
Roll No. 2719 020-004-02500-0000
PIN 64105–0058 (LT)
130 Niagara Street
Part Lot FMH, Plan 564 as in RO525392; Lts Mrs. Beatty & M. Beatty & Sons PL564; Land lying S. of Lt Mrs. Beatty & Sons &
N. of Mill Race PL 564
in the City of Welland
in the Regional Municipality of Niagara
336.3 ft. x 199.09 ft. more or less
2005 Current Value Assessment - $70,000 Class: Multi-Residential
Minimum Tender Amount: $114,744.75
(set out the cancellation price as of the first day of advertising)
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 (or board) 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.
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:
Bruno Silvestri, City Treasurer
The Corporation of the City of Welland
60 East Main Street
Welland, ON L3B 3X4
905-735-1700
(138-P547)