Sale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF BILLINGS more info
TAKE NOTICE that tenders are invited for the purchase of the
land(s) described below and will be received until 4:00 p.m. local time
on Monday, December 19, 2022 at the Township of Billings, 15 Old
Mill Road, P.O. Box 34, Kagawong, Ontario P0P 1J0.
The tenders will then be opened in public on the same day at 7:30
p.m. at Township of Billings Municipal Office at 15 Old Mill Road,
Kagawong.
Description of Land(s):
PIN 47117-0169 (LT); Part Lot 10, Con 7 Billings being Part 5, Plan
31R-498; Township of Billings; District of Manitoulin
Roll No. 5121 000 002 01315 000; File No. B-19-03
According to the last returned assessment roll, the assessed value of
the land is: $7,600
Minimum Tender Amount: $4,197.00
PIN 47119-0414 (LT); Part Lot 28, Con 15 Billings as in T15127;
Lying Southerly of Forced Road; Township of Billings; District of
Manitoulin
Roll No. 5121 000 007 00800 0000; File No. B-19-08
According to the last returned assessment roll, the assessed value of
the land is: $12,400
Minimum Tender Amount: $29,263.89
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, availability of road access, or any other matters relating to
the land 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. The land does not include mobile homes situate
on the land.
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 and Housing.
For further information regarding this sale and a copy of the
prescribed form of tender contact:
Cheryl McCulligh,
Treasurer
15 Old Mill Road
P.O. Box 34
Kagawong, Ontario P0P 1J0
(705) 282-2611 ext 222