Sale of Land By Public Tender

Posted on Thursday August 25, 2022

Form 6

SALE OF LAND BY PUBLIC TENDER

Municipal Act, 2001

Ontario Regulation 181/03, Municipal Tax Sale Rules

 

SALE OF LAND BY PUBLIC TENDER

 

The Corporation of the Town of Greater Napanee

 

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 September 15, 2022, at the Greater Napanee Municipal Office, 124 John St., Napanee Ontario.

 

The tenders will then be opened via a Virtual Opening Livestreamed through the Greater Napanee YouTube Channel https://www.youtube.com/channel/UCmNkxvT9f0mEpxBZrZiqS4A/videos?app=desktop

 on the same day as soon as possible after 3:00pm.

 

Description of Lands:

1. Roll No. 11 21 150 020 13400 0000; 4908-4912 County Road 8, Napanee; PIN 45103-0160 (LT); PT LT 14 CON 2 ADOLPHUSTOWN PT 7 29R5623, PT 2 29R573 EXCEPT PT 30 29R925; S/T INTEREST IN LA99046; T/W LA143228; S/T LA188693; S/T LA186563; GREATER NAPANEE; File No. 20-18

According to the last returned assessment roll, the assessed value of the land is $141,000.

Minimum tender amount: $212,428.20.

 

2. Roll No. 11 21 140 010 05900 0000; PIN 45102-0280 (LT); PT LT 8 S/S THIRD ST, 8 N/S SECOND ST PL 60; PT THIRD ST PL 60; PT STREET ALLOWANCE BTN LT 8 AND 9 PL 60 (CLOSED BY LA163318) PT 1, 2, 3 29R4242; S/T EXECUTION 03-0000133, IF ENFORCEABLE; GREATER NAPANEE; File No. 20-19

According to the last returned assessment roll, the assessed value of the land is $58,000

Minimum tender amount: $233,143.47.

 

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.

 

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land(s) to be sold.  Responsibility for ascertaining these matters rests with the potential purchasers. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.

 

Transfers of properties that contain at least one and not more than six single family residences and are transferred to non-residents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (NRST).

 

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 any taxes that may be applicable, such as a land transfer tax and HST.

 

The municipality has no obligation to provide vacant possession to the successful purchaser.

 

A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.

 

For further information regarding this sale and a copy of the prescribed form of tender or to download the tender package, visit:

 

Jill Drew

Tax Clerk

The Corporation of the Town of Greater Napanee

PO Box 97, 124 John St.

Napanee ON   K7R 3L4

613 776-1008

jdrew@greaternapanee.com

www.greaternapanee.com