7 Jan 2021

Tender NOTICE OF PUBLIC AUCTION

Lawson Lundell LLP, Barristers & Solicitors –  Yellowknife, Northwest Territories

NOTICE OF PUBLIC AUCTION

Pursuant to Section 97.7(2) of the Property Assessment and Taxation Act, R.S.N.W.T. 1988, .P-10 and amendments thereto, the Municipal Corporation of the Town of Inuvik wishes to advise that the following properties may be offered for public auction if the arrears of property taxes and the current and subsequent expenses incurred by the Town to collect the arrears are not paid before January 28, 2021:

Lot Blk/Grp Plan Property Address Minimum Sale Price

8 32 328 6 Gwich’in Road $73,600

30 25 228 18 Natala Drive $53,000

24 1355 449 84 Industrial Road $47,800

28 1355 449 76 Industrial Road $26,050

10 46 564 81 Wolverine Road $52,050

10 49 633 43 Industrial Road $34,950

6 70 929 27 Ruyant Crescent $45,400

10 70 929 35 Ruyant Crescent $28,600

11 70 929 37 Ruyant Crescent $55,100

12 70 929 39 Ruyant Crescent $68,900

45 70 1154 22 Kugmallit Road $20,700

55 70 1154 2 Kugmallit Road $35,800

2 45 2098 24 Unit Row Housing $115,950

45 87 2182 53 Breynat Street $70,650

9 UNIT 1 26 2671 258 Mackenzie Road $34,200

9 UNIT 3 26 2671 262 Mackenzie Road $34,200

9 UNIT 4 26 2671 264 Mackenzie Road $34,200

2 UNIT 4 30 2672 73 Natala Drive $36,850

1009 Q107B 3543 Airport Road $38,500

79       34         3834      106 Bompass Street                   $96,350

Please be advised of the following:
The public auction is set for January 28, 2021 at Council Chambers, Town Hall, Inuvik, NT, at 9:00 am.

If prior to commencement of public auction, any person including the assessed owner pays the arrears of property taxes and all reasonable expenses incurred by the Town of Inuvik to collect the arrears with respect to a taxable property, the property will not be offered for auction. Each property shall be auctioned on the condition that taxes are two (2) years in arrears at the time of auction. The minimum sale price shall not be less that 50% of the assessed value as listed for each property. A property shall not be auctioned to the assessed owner of the property for less than the amount of tax arrears owing.

Any person who pays the arrears of property taxes and expenses prior to commencement of the public auction may obtain a lien on the taxable property for the amount paid if that person is not the assessed owner and that person has an interest, estate, encumbrance or claim registered or filed under the Land Titles Act in or against the
taxable property or is a transferee of such a person.

The assessed owner of any of the above taxable properties is entitled to redeem that taxable property within 30 days after the date of the public auction by paying the Town of Inuvik the arrears of property taxes and all reasonable expenses incurred by the Town of Inuvik to collect the arrears. Where a taxable property that is sold at the public auction is redeemed by its assessed owner, the sale cannot be completed and all rights and interests of the purchaser in the taxable property cease.

If a taxable property is sold at the public auction, every existing interest, estate, encumbrance or claim in or against the taxable property, will be extinguished, other than:

  • a caveat registered under the Land Titles Act in respect of
  • a restrictive covenant;
    • an easement, including a utility easement;
    • an easement agreement, including a party wall agreement;
    • a restrictive covenant or an easement, including a utility easement;
  • an easement agreement, including a party wall agreement;
  • a reservation or interest to which the property is subject under paragraphs 69(a), (c) and (d) of the Land Titles Act;
  • an interest, estate, encumbrance or claim of Her Majesty in right of Canada;
  • an interest, estate, encumbrance or claim that is prescribed or of a prescribed class.

Lawson Lundell LLP, Barristers & Solicitors
P.O. Box 818, 200, 4915 – 48th Street, YK Centre East

Yellowknife, NT X1A 2N6
Attention: Kai Niu

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