Notice Notice of Public Auction
Job Description
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 March 3, 2022:
LOT BLK/GRP PLAN PROPERTY ADDRESS MINIMUM SALE PRICE
1 1 228 2 Lagoon Road $31,750
2 1 228 14 Navy Road $57,600
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
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 76 1089 55 Willow Road $7,450
46 76 1089 57 Willow Road $13,400
45 70 1154 22 Kugmallit Road $20,700
2 45 2098 24 Unit Row Housing $115,950
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
Please be advised of the following:
The public auction is set for March 3rd, 2022 at Council Chambers, Town Hall, Inuvik, NT, at 10:00 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: Margaret Lovely
2006 total views, 2 today