For questions about land sales:
Utah Trust Lands
Scott Chamberlain, Assistant Managing Director, Surface
Email scottchamberlain@utah.gov
Phone (435) 893-2973

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.
5. The Utah Geological Survey has submitted the following comment:  "While the Utah Geological Survey (UGS) has not completed comprehensive geologic hazard mapping in the Gunnison area of Sanpete County geologic hazards, such as problem soil and rock, wind-blown sand, and other hazards are likely to exist in the project area."

Mineral Leases:
None

Surface Leases:
1. Grazing Permit No. 22591-25, issued to Paul Frischknecht (These lands will be removed from the grazing permit when the property is sold)
2. Predesignation No. 756, issued to Sanpete County for roads, which are considered valid existing rights, with a perpetual term
3. Right of Way No. 2980, issued to PacifiCorp dba Rocky Mountain Power, for a powerline, with a perpetual term

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 in an area that includes mostly industrial users and vacant land with some scattered residences. The property is rectangular in shape with flat to gentle sloping topography with no physical obstacles for future development.

Location:
The property is located east of the Gunnison Industrial Park. The property has frontage along Antelope Road, which is a gravel road that extends north from Highway 89.

Access:
Access to the property is from Antelope Road (graveled Class B County Road), off of Highway 89.

Zoning:
RA-1/BC - Residential Agriculture and Business Commercial

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

Utilities:
There is power to the site, but no other utilities.

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