Painted Hills Parcel (C-27088)

The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.

The property is triangle shaped, and is bordered by private property to the south, and SITLA property to the north and west. The terrain is flat. The vegetation is mostly sage brush.

Location:
This parcel is located east of the Painted Hills subdivision on 1500 North in Maeser. Maeser is near Vernal, Utah - which is approximately 200 miles east of Salt Lake City, Utah.

Access:
The entire parcel has frontage along 1500 North.

Zoning:
RA1 - Residential Agricultural

Water Rights:
There are no water rights associated with this parcel.

Utilities:
Power, sewer and gas are available.

Mineral Leases:
None

Surface Leases:

1. Easement No. 2439, issued to William and Mindi Christensen for an access road and utility easement with an expiration date of January 10, 2052
   
2. Predesignation No. 792, issued to Uintah County for a perpetual term for Coal Mine Basin Road (1500 North), along the northern boundary of the property
   
3. Grazing Permit No. 20993-12, issued to Hacking Land and Livestock (when this property is sold, the lands will be removed from the grazing permit)
   

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The property will be sold without any covenant reservations.

1. Please see the disclosure summary and the certificate of sale template documents for general disclosures which apply to all parcels being offered for sale at this auction.


2. All mineral rights will be reserved.


3. The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.


4. The Utah Geological Survey has submitted the following comment:  “Potential geologic hazards in the area that could affect the parcels include landslides and landslide-prone geologic units, flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, and indoor radon potential. Prospective buyers should be aware of the potential hazards so they can be addressed in a manner appropriate to the intended use of the property. The UGS has general geologic hazard information available at our offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.”


5. The property will be conveyed subject to all valid existing rights.

Diane Lund
Resource Specialist (Sales Coordinator)
dlund@utah.gov
(877) 526-3725 or (801) 538-5163
Tyson Todd
Resource Specialist
ttodd@utah.gov
(435) 781-5304

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
For the successful bidder, a deposit of at least 10% of the sale price, plus closing costs and interest through June 30, 2023, is due within one business day from the completion of the auction and is payable to SITLA. Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. The remaining balance may be financed for up to a 20 year term. Full remittance instructions will be included with the invoice.

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Utah Broker of record is Bates Land Consortium

RE License Number: 10851533-CN00: 6346513-AB00



www.bateslandco.com