What are trust lands?
Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs. Trust lands are not public lands, but are generally open for public use, when possible. Trust lands were allocated specifically to generate revenue to support our beneficiaries. SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 9am MT, September 8, 2021
Bid End Time for this Parcel: 10:30am MT, September 14, 2021
The closing costs are in addition to the 10% down payment. The cultural resources survey costs may be financed, upon approval. All other closing costs are due from the prevailing bidder at the auction and cannot be financed.
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.
Township 32 South, Range 6 West, SLB&M
Section 27: N2SE4
This parcel is located just south of Bear Creek and extends up a hillside. It is off of Highway 20, approximately 3/4 mile to the east.
There is currently no access to the property.
This parcel is steep and rocky with pinyon and juniper trees on the hillsides. The previous use of the parcel has been for grazing and hunting. The potential use is for a recreational cabin site.
80.00 Acres, More or Less
There are no utilities currently on site.
The property is zoned for agricultural use and has a minimum lot size of 20 acres.
Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. A down payment of 10% and closing costs will be due at the auction. The remaining balance can be financed for up to a 20 year term.
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. The parcel will be sold with cultural reservations for the significant site which was identified.
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