All tax sales on:
27 July 2013All tax sales from:
OttawaSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
SUPERIOR COURT OF JUSTICE
CITY OF OTTAWA more info
UNDER AND BY VIRTUE OF a judgment issued out of the Superior
Court of Justice at Ottawa and dated August 10th, 2012, Court file no. 12-
54357, pursuant to a mortgage given by the defendant 1252352 Ontario
Limited to the plaintiff, Michel Gibeau, the interest of the defendant and
the plaintiff and all subsequent encumbrancers in the lands and premises
described below are to be sold under supervision of the court.
TAKE NOTICE that tenders are invited for the purchase of the land
described below and will be received until 3:00 p.m. local time on
August 20th, 2013, at the Office of the Master, Room 5022, the Court
House, 161 Elgin St., Ottawa, Ontario, K2P 2K1. The tenders will then be
opened in public at 4:00 p.m. in Motion Room 51 in the said court house.
Description of Land(s):
PIN 04352-0335 (LT)
PT LT 1 CON 4 OF GLOUCESTER PART 1, 5R6906;
CITY OF OTTAWA (FORMELY CITY OF GLOUCESTER)
municipally known as 3628 Navan Road
Minimum Tender Amount: $1,000,000.00
Conditions:
No representation is made concerning the condition of the lands, the title
or the zoning and the purchaser must satisfy itself and take the premises
"as is". The site is currently licenced as a waste disposal site and must be
closed in a manner satisfactory to the Ministry of the Environment. The
Ministry apparently holds a performance bond which may be available but
the proposed purchaser must satisfy itself in that regard.
The balance of the purchase price will be due on the closing date proposed
in the tender which must be no later than November 29th, 2013. A vesting
order will be granted only upon the purchaser paying the full purchase
price into court.
Offers may contain reasonable conditions or terms of payment but bids
will be assessed on the basis not only of price but also on the basis of
certainty and timing of the closing date. For example, and unconditional
offer closing within thirty (30) days with payment in full upon closing
would be a superior offer.
Tenders must be submitted in the form of an irrevocable offer to purchase
and must be accompanied by a deposit in the form of cash, bank draft or
certified cheque payable to the Accountant of the Superior Court of Justice
in an amount which is at least 10% of the tender amount.
THIS SALE IS SUBJECT TO CANCELLATION BY THE COURT
WITHOUT FURTHER NOTICE UP TO THE TIME OF SALE.
Office of the Master
Superior Court of Justice
Room 5022, The Court House,
121 Elgin St., Ottawa, Ontario
(146-P241) 29, 30, 31 K2P 2K1
MUNICIPAL ACT, 2001