Utah Trust Lands
Tyler McIntosh, Area Manager
Email tylermcintosh@utah.gov
Phone (801) 538-5195

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

This unique parcel is a remnant sliver of land which is approximately 0.20 miles in length and 0.05 miles wide (264 feet). Please see the attached map for a visual representation.

Location:
This property is located approximately 4 miles northwest of Grantsville.

Access:
The property is accessed from Broad Canyon Road which cuts across the northern portion of the parcel. Broad Canyon Road is accessed from Highway 138.

Zoning:
TBD

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

Utilities:
TBD

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

Mineral Leases:
None

Surface Leases:
1. Grazing Permit No. 23040-12, issued to Ajax Cattle Company (the land sold will be deleted from the grazing permit)

Cultural Resource Covenant:
A historical and cultural resource survey will be conducted on this parcel. If any significant sites are identified, the property will be sold with reservations for cultural or historical resources.

1. Please see the disclosure summary and the certificate of sale template document 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.

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.