Sale of Lands for Tax Arrears
by Public Tender

SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE
MUNICIPALITY OF MARMORA AND LAKE

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 8, 2024, at the Marmora and Lake Municipal Office, 12
Bursthall St., Marmora Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Marmora and Lake Municipal Office, 12
Bursthall St., Marmora.
Description of Land(s):

Roll No. 12 41 141 010 32809 0000; RIVER HEIGHTS RD.; PIN
40177-0008 (LT); PCL 8-1 SEC M71; LT 8 PL M71 MARMORA;
MARMORA & LAKE; COUNTY OF HASTINGS; File No. 22-04
According to the last returned assessment roll, the assessed value of
the land is $22,000
Minimum tender amount: $13,527.21

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 lands 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.
The land was previously advertised for a sale to be held on the 30th day
of May, 2024 but the sale was postponed.
Pursuant to the Prohibition on the Purchase of Residential Property
by Non-Canadians Act, S.C. 2022, c. 10, s. 235 (the "Act"), effective
January 1, 2023, it is prohibited for a non-Canadian to purchase,
directly or indirectly, any residential property, as those terms are
defined in the legislation. Contraventions of the Act are punishable by
a fine, and offending purchasers may be ordered to sell the residential
property.
The municipality assumes no responsibility whatsoever for ensuring
bidders/tenderers comply with the Act, and makes no representations
regarding same. Prospective bidders/tenderers are solely responsible
for ensuring compliance with the Act and are advised to seek legal
advice before participating in this sale.
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, visit: www.OntarioTaxSales.ca or if no
internet access available, contact:
Nancy Sinclair
Deputy Treasurer &
Acting Municipal Treasurer
The Corporation of the
Municipality of Marmora and Lake
12 Bursthall St.
PO Box 459
Marmora ON K0K 2M0
613-472-2629 Ext 2222
treasurer@marmoraandlake.ca
www.marmoraandlake.ca