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: 9:40am MT, September 8, 2021
Bid End Time for this Parcel: 11:10am 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 31 South, Range 6 West, SLB&M
Section 8: All
The property is located off Highway 20 in the Fremont Canyon area.
The property is accessed by Fremont Road, which runs through the parcel.
The topography of the parcel is some steep terrain with a canyon, some rock outcroppings, and a wash. The vegetation is native, including sagebrush and trees.
640.00 Acres, More or Less
This property may include stock watering rights. The purchaser would need to work with the U.S. Bureau of Land Management to determine the amount available, if any, and to correct the records of the Utah State Engineer. More information is available on request.
There are no utilities located on the property.
A-20 (Agricultural with a 20 Acre Minimum to Build)
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(s) which was identified.
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