Leasing Unit No. 81
Millard County, UT
Utah SITLA - Volcanic Materials, July 26, 2019
SOLD
SOLD
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit No. 81
Gross Acres:
320.00
Net Acres:
320.00
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
July 26th, 2019
6:00 PM CDT / 5:00 PM MDT
Minimum Bid:
$6 per acre
Total Lease Cost at Minimum Bid:
$1,988.40
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T19S, R7W, SLB&M
Sec. 36: E½
Lease Details
Lease Name
Leasing Unit No. 81
County, State
Millard, UT
Legal Description
T19S, R7W, SLB&M
Sec. 36: E½
Gross Acres
320.00
Net Acres
320.00
Royalty
Greater of 10% or $3 per ton
Lease Term
10 years
Application Fee
$30.00
Lease Terms and Conditions
All bidding and lease sales on SITLA properties listed on this website shall be subject to the statutes, administrative rules, and other laws of the State of Utah, including but not limited to the Utah Government Records Access and Management Act, UTAH CODE 63G-2-101, et. seq.
The Applicant offers a minimum bid of $500.00 per leasing unit or $6.00 per acre, whichever is greater, covering the first year's annual rental. Fractional acres are rounded up to one full acre. Click here to view lease form.
Failure of funds or failure to execute a lease within 30 days of receipt shall constitute a forfeiture of the bonus bid and termination of the lease agreement.
Successful Bidder Notification
When the bids are accepted by SITLA, the successful bidder will be notified via email with closing instructions, including total amount due.
Payment must be made within two business days.
Buyer Premium
A 2% Buyer Premium, calculated as 2% of the total bid amount, will be added to the cost of this lease.
Utah School and Institutional Trust Land Administration Points of Contact
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Gus Rivero
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Office
(806) 463-3616
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Brandon Savage
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(806) 463-3621
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Heather Fugger
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