Sale of Lands for Tax Arrears
By Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE CITY OF WELLAND
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 Thursday,
August 11, 2005 at the Treasurer’s Office, City of Welland, 60 East Main
Street, Welland, Ontario.
The tenders will then be opened in public on the same day at 3:15 p.m. at
City of Welland, 60 East Main Street, Welland, Ontario.
Description of Land(s):
(set out the cancellation price as of the first day of advertising)
Roll No. 2719 030-017-01300-0000
PIN 64101–0063 (LT)
154 Riverside Drive
Part Lot 29, Concession 5
Formerly Township of Crowland
As in RO 705047, subject to RO 224358
in the City of Welland
in the Regional Municipality of Niagara
Frontage 208.6 ft Depth 560.0 ft more or less
2005 Current Value Assessment – $401,000
Class: Commercial – $371,200
Residential – $29,800
Minimum Tender Amount: $138,309.81
Tenders must be submitted in the prescribed form and must be accompanied
by a deposit in the form of a money order or of a bank draft or cheque
certified by a bank or trust corporation payable to the municipality and
representing at least 20 per cent of the tender amount.
Except as follows, the municipality makes no representation regarding the
title to or any other matters relating to the land 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 the relevant land
transfer tax.
The municipality has no obligation to provide vacant possession to the
successful purchaser.
For further information regarding this sale and a copy of the prescribed form
of tender, contact:
BRUNO SILVESTRI, C.G.A., City Treasurer
The Corporation of the City of Welland
Civic Square
60 East Main Street
Welland, ON L3B 3X4
905-735-1700 Ext. 2170
(138-P598) www.welland.ca