SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit # 2
Gross Acres:
560.00
Net Acres:
560.00
Time Remaining:
Auction has ended
Start Time:
7/9/2021 5:00 PM MDT / 6:00 PM CDT
End Time:
7/23/2021 5:00 PM MDT / 6:00 PM CDT
Minimum Bid:
$1 per acre
Total Lease Cost at Minimum Bid:
$601.20
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T4S, R3W, SLB&M; Sec. 36: W2
T5S, R2W, SLB&M; Sec. 6: SE4NW4, SE4SW4
T5S, R3W, SLB&M; Sec. 13: E2W2
Lease Details
Lease Name
Leasing Unit # 2
County, State
Utah, UT
Legal Description
T4S, R3W, SLB&M; Sec. 36: W2
T5S, R2W, SLB&M; Sec. 6: SE4NW4, SE4SW4
T5S, R3W, SLB&M; Sec. 13: E2W2
Gross Acres
560.00
Net Acres
560.00
Royalty
4%. 8%-fissionable
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
Archeology; Partial or No SITLA Surface Ownership
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 ยง63G-2-101, et. seq.
The Applicant offers a minimum of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater. 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.
Special Stipulation
ARCHAEOLOGY AREA
LEASING UNIT CONTAINS OR IS ADJACENT TO ARCHAEOLOGICAL SITES WITH A FAIRLY HIGH PROBABILITY THAT ADDITIONAL SITES COULD EXIST.
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
Successful Bidder Notification
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.
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
Utah School and Institutional Trust Land Administration Point of Contact
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