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: 10am MDT, June 8, 2023
Bid End Time for this Parcel: 11am MDT, June 13, 2023
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 17 South, Range 1 West, SLB&M
Section 3: SW¼SE¼, SE¼SW¼
This parcel is located in Sanpete County, west of Ephraim and 9 miles north of Fayette. Yuba Reservoir is located directly east of the property.
State Road 28 is approximately 0.7 mile east of the property. Access is from a county-claimed road which crosses through the parcel.
The topography of the property is sloping with a southwest facing aspect, with the highest point being 5,520 feet above sea level. The vegetation of the property is native shrubs, juniper trees and grasses.
80.00 acres, more or less
No water rights will be conveyed with this property.
The are no utilities to the property, however there is power in the area (along Highway 28).
SL – Sensitive Lands (this zoning is 5 acres per structure with 200′ of frontage)
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 has been conducted on this parcel. No significant cultural or historical sites were identified. The property will be without any cultural or historical reservations.
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