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: 10:10am MST on November 9, 2022
Bid End Time for this Parcel: 11:10am MST on November 15, 2022
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 Reservoirs.
Township 38 South, Range 9 West, SLB&M
Section 3: S½NE¼SE¼
This parcel is located in Kane County – northwest of Navajo Lake.
Access to the property is northwest from Navajo Lake along North Fork Road and then west along Dixie National Forest Road #1672. This road goes to the southern parcel.
A 40-foot access easement will be reserved from the southern parcel to the northern parcel, along the eastern boundary of the parcel. The road is not yet built to provide access to the northern portion. The purchaser of the northern portion will be responsible for constructing the road.
The parcel is surrounded by private land to the west and south, SITLA land to the north, and US Forest Service land to the east. The terrain is gentle sloping with many flat areas and clearings suitable for development. The vegetation consists of aspen stands, various species of pine trees, and native brush and grasses. Beautiful views and scenery surround this property.
20.00 acres, more or less
No water rights will be conveyed with the sale of this property.
No utilities are located on site.
Agriculture – 10 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. No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.
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