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: 10:00am MT, September 8, 2021
Bid End Time for this Parcel: 11:30am 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 3 North, Range 19 West, SLB&M
Section 16: All
The property is located near the Utah/Nevada border, approximately 25 miles from Interstate 80.
There is no legal access to the property.
The area consists of shrub and grassland with mild to moderate slopes.
640.00 Acres, More or Less
No water rights are being sold with this property.
There are no existing utilities in this area.
MU-40 (Mixed Use – 40 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 significant site(s) which were identified.
General contact us form.