Leasing Unit 8
Tooele County, UT
Utah SITLA - Metalliferous Minerals Lease Sale, January 26, 2024
SOLD
SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit 8
Gross Acres:
416.81
Net Acres:
416.81
Time Remaining:
Auction has ended
Start Time:
1/12/2024 9:00 AM MST / 10:00 AM CST
End Time:
1/26/2024 5:00 PM MST / 6:00 PM CST
Minimum Bid:
$3 per acre
Total Lease Cost at Minimum Bid:
$1,326.02
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T.8S R.5W, SLB&M
Sec. 31: PART OF E2SE4 [METES & BOUNDS]
Sec. 32: PART OF S2 [METES & BOUNDS]
T.9S R.5W, SLB&M
Sec. 5: LOTS 2(40.27), 3(40.32), 4(40.37) [LOTS AKA NW4NE4, N2NW4]
Sec. 6: LOT 1 [LOT AKA NE4NE4]
Lease Details
Lease Name
Leasing Unit 8
County, State
Tooele, UT
Legal Description
T.8S R.5W, SLB&M
Sec. 31: PART OF E2SE4 [METES & BOUNDS]
Sec. 32: PART OF S2 [METES & BOUNDS]
T.9S R.5W, SLB&M
Sec. 5: LOTS 2(40.27), 3(40.32), 4(40.37) [LOTS AKA NW4NE4, N2NW4]
Sec. 6: LOT 1 [LOT AKA NE4NE4]
Gross Acres
416.81
Net Acres
416.81
Royalty
4%, 8%-fissionable
Lease Term
10 Years
Application Fee
$50.00
Metes & Bounds
Following Metes & Bounds are for T8S, R5W, Sec. 31: Part of E2SE4, Sec. 32: Part of S2
Also, beginning at the Southeast corner of Section 32, Township 8 South, Range 5 West of the Salt Lake Meridian and running thence West 400 rods; thence North 103 rods; thence East 400 rods; thence South 103 rods to the place of beginning, containing 257.5 acres of land, less the following: Beginning at a point 103 rods North and 80 rods West from the SW corner of Section 32, Township 8 South, Range 5 West, Salt Lake Meridian; thence 160 rods; thence South 2 rods; thence West 160 rods; thence North 2 rods to the point of beginning, containing 2 acres, leaving a net area of 255.5 acres, more or less.
ACREAGE SPECIFICS BETWEEN SECTIONS:
T8S, R5W, SLB&M
Section 31: 50.02 acres
Section 32: 250.48 acres
Special Stipulations and Clauses
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
FEDERAL SAGE GROUSE HABITAT
LEASING UNIT MAY CONTAIN ACREAGE WITHIN A FEDERAL MANAGED GREATER SAGE GROUSE HABITAT.
EXISTING FARMER FIELDS
LEASING UNIT CONTAINS ACREAGE LOCATED WITHIN FARMER FIELDS. OG&AH LESSEE MUST COORDINATE WITH THE FARMERS.
Lease Terms and Conditions
All bidding and lease sales on SITLA properties listed on this website shall be subject to the statutes, administrative rules, and other laws of the State of Utah, including but not limited to the Utah Government Records Access and Management Act, UTAH CODE SS63G-2-101, et. seq.
The Applicant offers a minimum bid of $500.00 per leasing unit or $3.00 per acre, whichever is greater, covering the first year's annual rental. Fractional acres are rounded up to one full acre. Click here to view lease form.
Failure of funds or failure to execute a lease within 30 days of receipt shall constitute a forfeiture of the bonus bid and termination of the lease agreement.
Contacts
Utah SITLA Contact
Tyler Wiseman, Trust Lands Mineral Resource Specialist
Email twiseman@utah.gov
Office (801) 538-5153
EnergyNet Contact
Government Resources
Email government@energynet.com
Office (877) 351-4488
Successful Bidder Notification and Buyer Premium
When the bids are accepted by SITLA, the successful bidder will be notified via email with closing instructions, including total amount due.
Payment must be made within two business days.
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.