For questions about land sales:
Utah Trust Lands
Scott Chamberlain, Assistant Managing Director, Surface
Email scottchamberlain@utah.gov
Phone (435) 893-2979

Diane Lund, Assistant Managing Director, Surface; Land Sales Coordinator
Email dlund@utah.gov
Phone (801) 538-5163

For questions about participating in the offering:
EnergyNet
Government Resources
Email government@energynet.com
Phone (877) 351-4488

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 property will be conveyed subject to all valid existing rights.

Mineral Leases:
None

Surface Leases:
1. Special Use Lease Agreement No. 1655, issued to Keith M. Jensen and Dan Mascaro, with an expiration date of August 31, 2029
2. Irrigation water pipelines exist from the pond on the property to neighboring properties. These most likely qualify as prescriptive rights.

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

The parcel is bordered by private agricultural lands on three sides with the Highland Canal and Trust Lands bordering on the east side. The canal is the highest point of the parcel. The parcel has a gentle slope from the canal going to the west and offers a good view of the farm fields below. A prominent feature of the property is an irrigation pond which is filled from the Highland Canal.

Location:
The property is located south of Gunnison and east of Centerfield. The Highland Canal is the eastern boundary of the parcel.

Access:
From Highway 89, head East on Factory Lane to County Road 53 (Class D road). Then, head South on County Road 53 to County Road 191. Then, you will cross the canal heading west via the Trust Lands' road.

Zoning:
SL - Sensitive Lands

The Sensitive Lands zone has been established to protect and to regulate existing or proposed uses of environmentally sensitive lands within Sanpete County. In general, this zone covers the open portion of the county which is occupied largely by grazing land, mountains, and canyons.

Water Rights:
No water rights will be conveyed with the property.

Utilities:
No utilities are available on site.

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

After all auctions have concluded, the highest bidder will be notified via email with wiring instructions, including total amount due.

Cash Purchase:
The full purchase price, plus closing costs are due 24 hours after the completion of the auction and is payable to State Trust Lands.

The closing costs are expenses incurred to prepare the property for sale. A large portion of the costs is for the completion of a cultural resource survey, which is required by law.

These costs are in addition to the 10% down payment. All closing costs are due from the winning bidder within 24 hours after completion of the auction and cannot be financed.

Financing:
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.

During the time when the property is being financed (before a patent is issued), the county records will show the property as state trust lands with notices being sent in care of the purchaser. All improvements to the land during the financing period will need approval.