Notice of Public Auction

Updated July 4, 2022

This post was originally created June 23, but had an updated table of auction items added on July 4.

Notice is hereby given that, under the provisions of the Municipal Government Act, the Town of Peace River will offer for sale, by public auction at the Town Office, 9911 – 100 Street, Peace River, Alberta, on Monday, July 11, 2022, at 10:00 a.m., the following lands:

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.

Terms

GST will apply on all lands sold at the Public Auction. The successful bidder must, before 3 pm on the day of the auction sale, make a non-refundable ten percent (10%) deposit (cash or certified cheque payable to the municipality), with the balance of the purchase price due on the closing date. Closing date for all sales will be fourteen (14) days after auction date. Payments by cash, certified cheque or bank draft only. Vendor financing or financing using third party mortgages or encumbrances upon the purchased lands, or other similar financing arrangements, cannot be accommodated. Properties will be offered for sale on an “as is, where is” basis and the Town of Peace River 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, vacant possession, or the developability of the lands for any intended use by the successful bidder; and no bid will be accepted where the bidder attempts to attach conditions to the sale of any parcel of land.

The Town of Peace River may, after the public auction, become the owner of any parcel of land not sold at the public auction. Redemption of a parcel of land offered for sale may be affected by cash or certified cheque of all arrears of taxes, penalties and costs at any time prior to 10:00 a.m. the date of the public auction.

View the advertisement in the June 29, 2022 issue of the Record Gazette