Public Sale of Land (Municipal Government Act) Town of Smoky Lake

Notice is hereby given that, under the provisions of the Municipal Government Act, the Town of Smoky Lake will offer for sale, by public auction, at the Municipal Office, 56 Wheatland Avenue, Smoky Lake, Alberta, on October 21, 2024, at 2:00 pm, the following properties:

Land Parcels

                Roll No                                Lot Block Plan                               C of T                                    Reserve Bid

                1000064                              1,2 4 803CL                                 142 232 443                                $192,600

                1000117                              12,13 7 803CL                              892 077 862                                $64,100

                8000062                              2 11 872NY                                  142 200 124                                $138,000

1.  Any parcel of land offered for sale may be redeemed by payment of all arrears, penalties and costs by guaranteed funds at any time until the property is declared sold.
2. Each parcel of land offered for sale will be subject to a reserve bid and title will be subject to the reservations and conditions contained in the existing certificate of title.
3.  The lands are being offered for sale on an “as is, where is” basis, and the municipality makes no representation and gives no warranty whatsoever as to the state of the parcel nor its suitability for any intended use by the successful bidder.
4. The auctioneer, councilors, the chief administrative officer and the designated officers and employees of the municipality must not bid or buy any parcel of land offered for sale, unless directed by the municipality to do so on behalf of the municipality.
5.  The purchaser of the property will be responsible for property taxes and utilities for the current year. There will be no adjustment to the date of sale.
6. The purchaser will be required to execute a sale agreement in form and substance provided by the municipality.
7. The successful purchaser must, at the time of sale, make payment in cash, certified cheque or bank draft payable to the municipality as follows:

       a. The full purchase price if it is $10,000 or less; OR

       b. If the purchase price is greater than $10,000, the purchaser must provide a non-refundable deposit in the amount of $10,000 and the balance of the purchase price must be paid within 20 days of the sale. (if the certified cheque or bank draft exceeds the final purchase price, the excess will be refunded within a reasonable time)

8. GST will be collected on all properties subject to GST.
9. The risk of the property lies with the purchaser immediately following the auction.
10.  The purchaser is responsible for obtaining vacant possession.
11. The purchaser will be responsible for registration of the transfer including registration fees.
12. If no offer is received on a property or if the reserve bid is not met, the property cannot be sold at the public auction.
13.  The municipality may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.
14.  Once the property is declared sold at public auction, the previous owner has no further right to pay the tax arrears.

 

Dated this 20th day of September, 2024.

Managed by: TAXervice                                                Dawn Phillips, Chief Administrative Officer