SALE OF LAND BY PUBLIC TENDER
Municipal Act, 2001
Ontario Regulation 181/03, Municipal Tax Sale Rules
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE MUNICIPALITY OF PORT HOPE
Take Notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on October 17, 2019, at the Port Hope Municipal Office, 56 Queen Street, Port Hope Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Port Hope Municipal Office, 56 Queen Street, Port Hope.
Description of Lands:
1) Roll No. 14 23 125 150 15265 0000; 20 Huffman Ave., Port Hope; PIN 51064-0134 (LT); Parcel 5-1 Section 39M788; Lot 5 Plan 39M788 Port Hope S/T LT20760; Port Hope; File No. 18-03
According to the last returned assessment roll, the assessed value of the land is $ 292,750
Minimum tender amount: $32,871.50
2) Roll No. 14 23 223 060 25500 0000; 10949 County Rd. 10, Millbrook; PIN 51052-0661 (LT); Part Lot 16 Concession 10 Hope designated Parts 2, 3, 4, 5, 6, 7 & 8 Plan 9R1126; Subject to an easement as in HPT16801; Municipality of Port Hope; File No. 18-08
According to the last returned assessment roll, the assessed value of the land is $120,000
Minimum tender amount: $ 13,321.93
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, crown interests 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.
Transfers of properties in this jurisdiction 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, NRST 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:
or, if no internet access available, contact:
Tax and Revenue Manager/Deputy Treasurer
The Corporation of the Municipality of Port Hope
56 Queen Street
Port Hope ON L1A 3Z9
905-885-4544 Ext. 2205, Fax 905-885-1807
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