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April 7, 2008
Bidding will start at $5,000.00
The Auction will be via email to the BFN Lands Manager “the Auctioneer”.
Verifier will be Kristen Monague, Land Administrative Assistant.
Identification of interested parties will be kept confidential.
Interested parties will have until April 18, 2008 12:00 noon to state their participation—via email to the Lands Office -firstname.lastname@example.orgThe Process will be posted on the Chimnissing Website and the CICA – Islander Website from April 7 to April 18, 2008.
The Bidding Auction will take place on Monday, April 21, 2008 starting at 1:00 pm
On Monday, April 21, 2008 at 1:00 pm—the lands manager will email everyone and open up the bidding.
The participants will email their bids to the lands manager. The lands manager will announce the first highest bid to everyone and the second round of bidding will occur. This step will be repeated until the land manager closes the bid when no more bids are declared. Once the bidding has stopped, the winning bidder will be announced to everyone.
The successful lessee will have 7 days to make all the necessary payments—see attached Fee Schedule for more details. If the successful lessee cannot provide the necessary payments, the next highest bidder will be given the option to lease lot 147.
All terms and conditions of our standard lease will be apply.
The New Lease will commence on May 1, 2008 and end on April 30, 2038.
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