The 2018 Tax Recovery Sale will be held November 27 at 10:00 am in the MD Council Chambers. The timeline for the Tax Recovery Sale is as follows:
September 12 Date of Sale approved by Council September 12 Reserve Bids and Conditions approved by Council September 30 Deadline for submission of ad to Alberta Gazette October 15 Advertisement in Alberta Gazette November 14 Advertisement in Lakeside Leader November 27 Tax Sale
Council approved the following Schedules for the Tax Recovery Sale – Reserve Prices & Conditions of Sale:
Legal Description | Location | Recommended Reserve Bid | 2018 Assessment |
1. Plan 2158RS, Block 7, Lot 1 The outstanding taxes are $721.53. |
Smith | $22,000 | $27,330 |
2. Plan 802HW, Block 1, Lot 12 The outstanding taxes are $388.67. |
Flatbush | $7,000 | $7,290 |
3. SW-18-71-26-4 The outstanding taxes are $3,146.25. |
Smith | $200,000 | $143,810 |
4. Plan 4867NY, Block 10, Lot 5 The outstanding taxes are $732.76. |
Smith | $15,000 | $15,860 |
TERMS | (a) | Cash or certified cheque. |
(b) | 10% deposit at time of sale and balance within 30 days of Public Auction date. | |
(c) | GST and Land Title Registration Fees will apply on lands sold at the Public Auction. | |
CONDITIONS | (a) | Each parcel will be offered for sale subject to a reserve bid, and to the reservations and conditions contained in the existing certificate of title. |
(b) | No bid will be accepted, where the bidder attempts to attach conditions precedent to the sale of any parcel. The land is being offered for sale on an “as is, where is” basis and the MD makes no representation and gives no warranty whatsoever, as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, or the developability of the subject land for any intended use by the purchaser. | |
(c) | MD 124 may, after the public auction, become the owner of any parcel of land that is not sold at the public auction. | |
(d) | Redemption may be affected by payment of all arrears of taxes and costs at any time prior to the sale. | |
(e) | No terms and conditions will be considered, other than those specified by MD 124. | |
(f) | Failure to pay deposit on day of sale will result in disqualification. |
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