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 Thursday, August 11, 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):

(set out the cancellation price as of the first day of advertising)

Roll No. 2719 030-017-01300-0000

PIN 64101–0063 (LT)

154 Riverside Drive

Part Lot 29, Concession 5 Formerly Township of Crowland

As in Ro 705047, subject to Ro 224358 in the City of Welland

in the Regional Municipality of Niagara Frontage 208.6 ft Depth 560.0 ft more or less 2005 Current Value Assessment – $401,000 Class: Commercial – $371,200

Residential – $29,800

Minimum Tender Amount: $138,309.81

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.

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, C.G.A., City Treasurer
The Corporation of the City of Welland
Civic Square
60 East Main Street
Welland, ON L3B 3X4
905-735-1700 ext. 2170
www.welland.ca
(138-P598)