Municipal Act, 2001

Sale Of Land By Public Tender

The Corporation Of The City Of Elliot Lake

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 December 14, 2006 at The Municipal Offices. The tenders will then be opened in public on the same day at 3.15 P.M. 45 Hillside Drive North, Elliot Lake, in the Council Chambers.

Description of the Land - Minimum Tender Amount

Parcel 2998 Half Aes MC S80772 - $ 2,302.70
Parcel 2999 Aes MC S80776 - $ 6,836.79
Parcel 3000 Aes MC S80777 - $ 2,352.70
Parcel 3001 Aes MC S80778 - $ 2,043.50
Parcel 3002 Aes MC S80779 - $ 2,016.87
Parcel 3003 Aes MC S80780 - $ 2,352.70
Parcel 3004 Aes MC S80781 - $ 3,010.99
Parcel 3005 Aes MC S80782 - $ 2,135.63

Description of the Land - Minimum Tender Amount

Parcel 3006 Aes MC S80783 - $ 2,668.72
Parcel 3007 Aes MC S80784 - $ 8,452.01
Parcel 3008 Half Aes MC S80775 - $ 2,580.26
Parcel 3008 Aes MC S80771 - $ 3,420.83
Parcel 3009 Aes MC S80773 - $ 6,063.23
Parcel 3010 Aes MC S80774 - $ 6,986.91

These Mining Claim are situated North of Elliot Lake on each side of Highway 108, North of the industrial park going up TV Hill.

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.

The Municipal Act, 2001, governs this sale 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:

Rejean Gauthier
Deputy Tax Collector
The Corporation of the City of Elliot Lake
45 Hillside Drive North
Elliot Lake, ON P5A 1X5
705-461-7249
(139-P375)