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HomeMy WebLinkAbout01. Advertisement SALE OF LAND BY PUBLIC TENDER Municipal Act, 2001 Ontario Regulation 181/03 Municipal Tax Sales Rules THE CORPORATION OF THE CITY OF KITCHENER 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 February 28, 2019 at the City of Kitchener, th City Hall, 200 King Street West, Procurement Division, 4 Floor, Kitchener, Ontario N2G 4G7. The tenders will then be opened in public on the same day at the same address at th the City of Kitchener, City Hall, Scott Room, 9 Floor, at 3:30 p.m. Description of Land(s): PIN 22326-0146; Lots 447 and 448 and Part Lot 446, Plan 376, being Part 1 on WDR150, in the City of Kitchener, Regional Municipality of Waterloo, being 152 Shanley Street, Kitchener, Ontario; Tender No. T19-041 Minimum Tender Amount: $ 443,925.79 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. 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. The municipality has not obligation to provide vacant possession to the successful purchaser. The municipality does not provide an opportunity for potential purchasers to view this property. According to the last returned assessment roll, the assessed value of the land is $396,500.00 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 or may be found on the City’s website. For further information regarding this sale please see the City’s website at www.kitchener.ca/TaxSale or contact: Margaret Fisher, Director of Procurement The Corporation of the City of Kitchener Procurement Division; Financial Services 4th Floor, 200 King Street West Kitchener, Ontario N2G 4G7 margaret.fisher@kitchener.ca Phone: (519) 741-2200 ext. 7214