Sale Of Land For Tax Arrears By Public Tender

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1 Part XI of the Municipal Act, 2001 Sale Of Land For Tax Arrears By Public Tender The Corporation of the City of Cornwall 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 May 28, 2015 at the office of Financial Services for the Corporation of the City of Cornwall, Water Street East, Cornwall ON K6H 6G4. The tenders will then be opened in public on the same day at 3:15 p.m. in Salon A, Civic Complex, 100 Water Street East, Lower Level, Cornwall ON K6H 6G4. Description of Land(s): 1. Part of Lot 37, Registered Plan 77 Municipally described as 91 Lefebvre Avenue, Cornwall, ON PIN , Roll No Minimum Tender Amount: $12, Part of Lot 25, Registered Plan 156 Designated as Parts 4 to 7 on Reference Plan 52R2539 PIN , Roll No Minimum Tender Amount: $10, 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 City of Cornwall 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, check the City s website or contact: Debbie Caskenette Tax Sale Co-ordinator Financial Services The Corporation of the City of Cornwall Water Street East Cornwall, Ontario K6H 6G ext dcaskenette@cornwall.ca

2 TENDER TO PURCHASE Form 7 To: Name: Maureen Adams, Treasurer Regarding property located at: Pt Lt 25 Pl 156, designated as Pts 4 to 7 52R2539 Address: Water Street East Tax Roll No Cornwall, ON K6H 6G4 File No Telephone: (613) ext (Debbie Caskenette Tax Sale Co-ordinator) Re: Sale of: (description of land as described in the advertisement or listing of properties available for sale) Part Lot 25 Registered Plan 156, designated Parts 4 to 7 on Reference Plan 52R2539 subject to Easement No over Parts 5 and I/We hereby tender to purchase the land described above for the amount of $ ( dollars) in accordance with the terms and conditions of the Municipal Act, 2001 and the Municipal Tax Sales Rules. 2. I/We understand that this tender must be received by the Treasurer s office not later than 3:00 p.m. local time on, 2015, and that in the event of this tender being accepted, I/We shall be notified of its acceptance. 3. I/We enclose a deposit in the form of a certified cheque/bank draft/money order for the sum of $ ( dollars) in favour of the City of Cornwall representing 20 per cent or more of the tendered amount which will be forfeited if I/We are the successful tenderer(s) and I/We do not pay the balance of the tendered amount, any land transfer tax and any accumulated taxes within fourteen (14) days of the Treasurer notifying me/us that I/We are the highest tenderer. This tender is submitted pursuant to the Municipal Act, 2001 and the Municipal Tax Sale Rules. Dated at, this day of, Name of Tenderer Name of Tenderer Phone Number (during business hours) Phone Number (during business hours)

3 TENDER TO PURCHASE Form 7 IMPORTANT NOTICE: i. This document is completed by the person(s) tendering for the purchase of the land. ii. To assist the tenderer, the Treasurer or other authorized officer may enter the information required in Instruction (1). INSTRUCTIONS FOR COMPLETION 1) Description Enter description of land to which this Tender to Purchase relates as described in the advertisement and relevant documents. 2) Amount of tender Enter amount of tender, first in numbers then in writing. 3) Last Date for Receiving Enter last date for receiving tender by Treasurer s Office. 4) Deposit Enter amount of deposit, first in numbers then in writing. This deposit will be forfeited if you fail to complete the transaction within 14 days of being notified that you are the successful bidder, either because you were the highest bidder, or the second highest bidder and are notified that the highest bidder failed to complete the transaction. The deposit should be payable to the City of Cornwall. 5) Tender Completion Enter place at which and date when the Tender to Purchase is completed. 6) Name / Address / Phone of Tenderer(s) Enter the name(s) submitting Tender to Purchase to municipality. Provide address(es) and phone number(s) where the person(s) submitting the Tender can be reached during business hours 8:30 am to 4:30 pm, Monday to Friday. 7) For updated list of available properties prior to the closing of the Tenders, visit the City of Cornwall website at 8) If the property that you have bid on and submitted to the Treasurer is cancelled, or if your bid is not the highest or second highest bid, your deposit will be returned to you after the bids have been opened or returned by regular mail.

4 From: Insert name & address of tenderer Treasurer City of Cornwall Financial Services Water Street East Cornwall, ON K6H 6G4 Tax Sale For: Insert municipal address or legal description (if there is no municipal address of property) you are submitting a bid on to identify the parcel of land to which it relates including the name of the municipality Note: This envelope must already be sealed when it is received. This envelope will not be accepted if it is received after 3:00 pm on the specified closing date.

5 INFORMATION SHEET PT LT 25 PL 156 Legal Description Part Lot 25 Registered Plan 156, designated as Parts 4 to 7 on Reference Plan 52R2539 Roll No Lot Size 25 x Zoning RES20 CVA Taxes Levied $ Other Vacant Lot, Not Serviced

6 TAX SALE By PUBLIC TENDER INFORMATION BULLETIN Municipal tax sales are governed by the Municipal Act, This bulletin is intended for information purposes only. A listing of properties to be sold by public tender or public auction will be advertised for four (4) consecutive weeks in the local newspaper, Cornwall Standard Freeholder as well as on the City s website, The notice will also be published once in the Ontario Gazette during the four week notice period. Important Information Before Tendering Decide how much you are willing to pay for the property. Remember there may be others submitting a tender on the same property. The highest tenderer will have an opportunity to buy the property if they are able to submit the balance of their tendered bid within the required 14 day period. Failure to remit, the second highest tenderer will be given an opportunity to buy the property as only the two highest bids are retained by the municipality. The City is not obliged to provide a survey or reference plan for any parcel of land being sold. The City s GIS map, provided as a courtesy, is for approximate location purposes only. The Treasurer is not obliged to inquire into the value of the land prior to conducting a sale nor is there any obligation to obtain fair market value for the land or to ensure that land being sold under tax sale may obtain fair market value at the same of the sale or in the future. Prior to submitting a bid, the onus is on the potential bidder to conduct his/her own inquiries into such matters as zoning, work orders, access, building restrictions, title search, execution search, easements, etc. The City makes no representation as to the quality and/or quantity of the land being sold, including any environmental concerns. The City does not have the ability to conduct tours or provide access to the properties being. The City is not required to provide vacant possession of any properties which may be occupied. The City also does not have a key(s) to the property and therefore is not in a position to provide one to the successful purchaser. The following departments/agencies may be in a position to assist you in researching the property. Zoning & Development Information Dept. of Planning Services, 100 Water St E., 2 nd Floor, Cornwall ON or ext Work Order Information Building Permits & Bylaw Enforcement Division, 100 Water St E., 2 nd Floor, Cornwall ON or ext Title and/or Writ of Execution Searches Service Ontario, Stormont Land Registry Office, th ST W., Unit 2, Cornwall ON Completing the Tender Form A Tender to Purchase form (Form 7) is to be completed by the person(s) tendering for the purchase of the land. A separate tender must be completed for each parcel bidding on in the prescribed form. The tender must be typed or legibly handwritten in ink. A minimum deposit of 20% of the amount of the tender being submitted must accompany the bid.

7 Sample Tender to Purchase (Form 7) To: Name: City of Cornwall Address: Water Street East Cornwall, ON K6H 6G ext Re: Sale of: Description of Property inserted here Tender Envelope Information An envelope template will be provided in the tax sale package. Ensure that the front of the envelope contains the words TAX SALE FOR as a prefix before inserting a brief description or municipal address of the property to which the tender relates to. The withdrawn bid will be opened at the same time as the other bids and returned as per procedure. Opening of Bids The opening of the sealed bids will be carried out by the Treasurer in the presence of at least one other Finance department staff member. I/we hereby tender to purchase the land described above for the amount of $23, (Twenty-three thousand dollars) in accordance with the terms and conditions of the Municipal Act, 2001 and the Municipal Tax Sales Rules. I/we understand that this tender must be received by the treasurer s office not later than 3:00 pm local time on (insert date here) and that in the event of this tender being accepted, I/we shall be notified of its acceptance. I/we enclose a deposit in the form of a certified cheque/bank draft/money order for the sum of $4, (Four thousand six hundred and one dollars) in favour of the City of Cornwall representing 20% or more of the tendered amount which will be forfeited if I/we are the successful tenderer(s) and I/we do not pay the balance of the tendered amount, any land transfer tax and any accumulated taxes within 14 days of notification that I/we are the highest tenderer. This tender is submitted pursuant to the Municipal Act, 2001 and the Municipal Tax Sales Rules. Dated at, this th day of, Name of Tenderer Names of Tenderer Envelope to be addressed as follows: Treasurer City of Cornwall Water Street East Cornwall, ON K6H 6G4 A separate envelope, properly identified, is required for each property to which a tender is being submitted. Envelope must be sealed when it is received by the Treasurer s office. Before sealing, ensure that the tender document is accurate together with the 20% deposit in the form of a money order, bank draft or certified cheque. IMPORTANT FAX AND LATE SUBMISSIONS WILL BE NOT ACCEPTED. Withdrawal of Tendered Bid If you chose to withdraw your submitted bid prior to the opening, a written request must be received by the Treasurer or designate before 3:00 pm on the last date for receiving tenders. The written request may be sent by fax or to expedite the withdrawal. Each tender document will be examined for completeness of content. If two bids of equal amount are received, the person who submitted the earlier time stamped bid will be deemed to have the higher bid. (Note: all tender envelopes are date and time stamped upon receipt by the Treasurer s office). The successful tender is the highest bidder who has submitted a properly completed tender and who makes payments, within 14 days of the mailing of the notice, the balance of the tendered amount, the applicable land transfer tax, and any accumulated taxes that may have come due since the initial advertising of the tax sale notice, plus any HST, if applicable, are paid into the office of the Treasurer. Failure to remit the balance of the high bid within the mandated period, the deposit will be forfeited to the municipality. The second highest tenderer will then be given an opportunity to purchase the property within the required timeframe. All rejected bids together with the deposit will be returned to the tenderer by regular mail or in person at the opening, upon conclusion of the sale.

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