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Author Topic: Interesting Risks on Upcoming Trent Hills Tax Sale  (Read 1488 times)
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Dave2
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« on: September 24, 2018, 03:21:55 PM »

Some interesting risks on the upcoming Trent Hills tax sale (more then 1 property)

221 Banta Road (Warkworth) former meth lab.

https://www.northumberlandnews.com/news-story/3911980-update-ministry-of-environment-assisting-police-with-meth-lab-clean-up/

At the other site make sure you get the oil rights. (hint hint)  What is really risky is this potential risk does not show on title because the electronic ownership record does not go that far back when it was transferred to land

titles.    i.e.  this risk problem happened so long ago the only way to find it was in a pre world war 2 aerial photographs and to search the registry books.    

Proving either of these properties saleable even if there are no problems is expensive.   Standard Phase 1 environmental costs are about $3,000 and Phase II costs are about $4,000 (PER BORE HOLE) including taxes (HST) for both.  

I am not certain if there is a surcharge for former meth labs.  
« Last Edit: September 24, 2018, 03:23:42 PM by Dave2 » Logged
Frank
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« Reply #1 on: September 24, 2018, 05:29:59 PM »

Dave

Let me know if you need boreholes....I have connections in that industry.   

Your hole is our goal. Cool

Once the geo-tech work is done and if there are contaminants found, then the real dollars start to roll out for the clean-up.   Might as well take your dollar bills and light them up as you pour them into the hole that I have drilled for you.
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mountainman
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« Reply #2 on: September 24, 2018, 08:18:22 PM »

Dave

Let me know if you need boreholes....I have connections in that industry.   

Your hole is our goal. Cool

Once the geo-tech work is done and if there are contaminants found, then the real dollars start to roll out for the clean-up.   Might as well take your dollar bills and light them up as you pour them into the hole that I have drilled for you.

I am Mountainman

Frankie, Frankie, Frankie

now you want to be me?

Your hole

is our goal?

For I am Mountainman

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Dave2
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« Reply #3 on: September 25, 2018, 05:41:24 AM »

Dave

Once the geo-tech work is done and if there are contaminants found, then the real dollars start to roll out for the clean-up.   Might as well take your dollar bills and light them up as you pour them into the hole that I have drilled for you.  

Frank:

I don't know where you are getting away with only one borebole, more likely five i.e. one for each corner and

one in the center if you want an all clear engineering certification. i.e. $20,000 alone just for the testing.

My first rule of holes is, "Stop digging".  

The only saving grace with these properties is I do not expect them to be redeemed.

This is a risky business.   I think it was you or PFM who said long ago the first rule of tax sales.   " With tax sales you have to remember there is a problem with the property or the owner"

In this county this is the third tax sale in a row with contaminated property on the sale.   LOL

Dave
« Last Edit: September 25, 2018, 06:35:57 AM by Dave2 » Logged
Frank
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« Reply #4 on: September 26, 2018, 02:11:47 PM »

Dave

Five or more, depending on the property and its past uses as revealed in the Phase I.  

Never say never as to redemptions.....perhaps Curtis (aka Hill-Billy) will work out a deal with the current owners and scoop up these lovely gems.

If you are in the hole boring business, then that motto makes perfect sense.

 Cool
« Last Edit: September 26, 2018, 02:25:22 PM by Frank » Logged
mountainman
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« Reply #5 on: September 26, 2018, 05:59:39 PM »

Dave

Five or more, depending on the property and its past uses as revealed in the Phase I.  

Never say never as to redemptions.....perhaps Curtis (aka Hill-Billy) will work out a deal with the current owners and scoop up these lovely gems.

If you are in the hole boring business, then that motto makes perfect sense.

 Cool

I am Mountainman

My friend the tax man

in this racket we do what we can,

If I didn't aim to win I would be remiss

of course all you do is come here and p?&&,

I doth must to ye confeth

I am not scared off by crystal meth,

If you think you've figured me out

then feel free to continue to spout,

For I am Mountainman




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Dave2
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« Reply #6 on: October 03, 2018, 06:27:23 AM »

Dave

If you are in the hole boring business, then that motto makes perfect sense.  Cool  

Frank/Mountainman:

These babies are a little tougher to remediate or upgrade then (former??)city slickers like Frank are used to.

In addition to the former meth lab, Banta road's buildings are falling down or open to the elements.   Then there is also the problem that it is located in a floodplain.

The other one; this one is a tough nut as conventional hole boring equipment does not cut it according to the professionals I have talked to.   We are talking ROCK AUGERING down to the water table.  

You also need a DYNAMITE supplier if you get it; to put in underground services and a basement if you want it.  

« Last Edit: October 03, 2018, 06:45:00 AM by Dave2 » Logged
DRD
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« Reply #7 on: October 07, 2018, 08:58:54 AM »

Is a local guy is trying to scare everybody away?
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mountainman
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« Reply #8 on: October 07, 2018, 12:11:49 PM »

Is a local guy is trying to scare everybody away?

I am Mountainman

So you really think that my good friend Dave

is no more than a self serving knave?

Without him posting in any thread

this board would now long be dead,

So go ahead and bid like a fool

you will come to that day rue.

For I am Mountainman

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Dave2
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« Reply #9 on: October 08, 2018, 01:39:43 PM »

Is a local guy is trying to scare everybody away?  

DRD:  

If you don't want to believe me why don't you read this article from Scientific American. https://www.scientificamerican.com/article/former-meth-lab/    

Meth Labs are serious stuff and I hope I do scare everyone away as all I wanted was to warn people about this case.   Here are some of the raw material dangers.

Here are just some of the dangerous things one may face when entering a suspected meth lab site:  Chemical Hazards

Pseudoephedrine: Ingestion of doses greater than 240 mg causes hypertension, arrhythmia, anxiety, dizziness, and vomiting. Ingestion of doses greater than 600 mg can lead to renal failure and seizures.

Acetone/ ethyl alcohol:  Extremely flammable, posing a fire risk in and around the laboratory. Inhalation or ingestion of these solvents causes severe gastric irritation, narcosis, or coma.

Freon: Inhalation can cause sudden cardiac arrest or severe lung damage. It is corrosive if ingested.

Anhydrous ammonia: A colorless gas with a pungent, suffocating odor. Inhalation causes edema of the respiratory tract and asphyxia. Contact with vapors damages eyes and mucous membranes.

Red phosphorus: May explode as a result of contact or friction. Ignites if heated above 260? C. Vapor from ignited phosphorus severely irritates the nose, throat, lungs, and eyes.

Hypophosphorous acid: Extremely dangerous substitute for red phosphorus. If overheated, deadly phosphine gas is released. Poses a serious fire and explosion hazard.

Lithium metal: Extremely caustic to all body tissues. Reacts violently with water and poses a fire or explosion hazard.

Hydriodic acid: A corrosive acid with vapors that are irritating to the respiratory system, eyes, and skin. If ingested, causes severe internal irritation and damage that may cause death.

Iodine crystals: Give off vapor that is irritating to respiratory system and eyes. Solid form irritates the eyes and may burn skin. If ingested, cause severe internal damage.

Phenylpropanolamine:  Ingestion of doses greater than 75 mg causes hypertension, arrhythmia, anxiety, and dizziness. Quantities greater than 300 mg can lead to renal failure, seizures, stroke, and death.

Obviously I wasted the time and expense to find out this risk but that is a cost of doing this business and being local I have access to information that non local people do not have.      What I don't understand is why you would look at a property like this now; as there are all sorts of apparently good tax sales coming up shortly all over the province.  

Of course if you want to specialize in this type of property there is another different one (former service station) coming up in the appropriately named township of "Oil Springs"  
« Last Edit: October 08, 2018, 02:50:51 PM by Dave2 » Logged
Dave2
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« Reply #10 on: October 26, 2018, 10:52:59 PM »

Some interesting risks on the upcoming Trent Hills tax sale (more then 1 property)

221 Banta Road (Warkworth) former meth lab.

https://www.northumberlandnews.com/news-story/3911980-update-ministry-of-environment-assisting-police-with-meth-lab-clean-up/  

Proving either of these properties saleable even if there are no problems is expensive.   Standard Phase 1 environmental costs are about $3,000 and Phase II costs are about $4,000 (PER BORE HOLE) including taxes (HST) for both.  

I am not certain if there is a surcharge for former meth labs.  

Unfortunately someone (not me) bought it and I hope they suffer no ill effects. My summary only covered the raw materials and there are serious issues with the final product as well. 
« Last Edit: October 26, 2018, 10:55:12 PM by Dave2 » Logged
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