North Kolob (C-27159)

Utah SITLA
Lease or property questions?
Ron Torgerson
Surface, Assistant Managing Director
rgtorgerson@utah.gov
(435) 893-2980
Diane Lund
NW Area Manager, Land Sales Coordinator
dlund@utah.gov
(877) 526-3725 or (801) 538-5163

EnergyNet
Bidding or participation questions?
Government Resources (877) 351-4488
government@energynet.com

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 November 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.

A pond is located on the property. Portions of the property are steep and rugged with the majority being moderately sloping. The vegetation is varied with pinyons and junipers as well as native shrubs and grasses. Beautiful views exist throughout the property.

Location:
The parcel is located northwest of Kolob Creek Reservoir, south of the Washington County/Iron County line. It is about 20 miles from SR9 and north of Zion National Park.

Access:
The property is surrounded by private landowners. Access to the property is behind locked gates. Interested parties would need to obtain access from one of the surrounding landowners.

Zoning:
OSC-20

Water Rights:
Water Right No. 81-3141 for stock watering will be conveyed with this property.

Utilities:
No utilities are located on the property.

Beneficiary Notice:
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Normal Schools.

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 parcel include high slope instability potential including possible active land sliding as the parcel is mapped within a large landslide complex, stream flooding, flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow groundwater and 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. 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.

Mineral Leases:
None

Surface Leases:

Grazing Permit No. 23478, issued to Linford and Susan Nelson (this permit will be cancelled when this property is sold)

Easement No. 2673, an application is being processed for a road through the property

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

Utah Broker of record is Bates Land Consortium

RE License Number: 10851533-CN00: 6346513-AB00



www.bateslandco.com

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