Leasing Unit # 1
Uintah County, UT
Utah SITLA - Industrial Sands, April 24, 2020
AUCTION CANCELLED
AUCTION CANCELLED
Registration Status:
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Your Bid Status:
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Lease:
Leasing Unit # 1
Gross Acres:
535.01
Net Acres:
535.01
Time Remaining:
Auction has ended
Schedule Status:
Bids Due:
April 24, 2020
6:00 PM CT / 5:00 PM MT
Minimum Bid:
$3 per acre
Total Lease Cost at Minimum Bid:
$1,670.16
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T3S, R21E, SLB&M
Section 32: LOTS 6(39.75), 7(24.51), 8(40.51), 9(16.92), 10(47.30), 11(46.88), NE4, E2NW4, N2SE4 [LOTS AKA PART OF W2NW4, PART OF E2SW4, S2SE4] [LESS M&B WITHIN SE4NE4 OF 0.86 ACRES, SULA 886]
Lease Details
Lease Name
Leasing Unit # 1
County, State
Uintah, UT
Legal Description
T3S, R21E, SLB&M
Section 32: LOTS 6(39.75), 7(24.51), 8(40.51), 9(16.92), 10(47.30), 11(46.88), NE4, E2NW4, N2SE4 [LOTS AKA PART OF W2NW4, PART OF E2SW4, S2SE4] [LESS M&B WITHIN SE4NE4 OF 0.86 ACRES, SULA 886]
Gross Acres
535.01
Net Acres
535.01
Royalty
Greater of 10% or $3 per ton
Lease Term
10 years
Application Fee
$30.00
Special Stipulation
Metes & Bounds; Partial or No SITLA Surface Ownership; Greater Sage Grouse Habitat
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 minimum of $500.00 per lease unit, regardless of acreage, or $3.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre) whichever is greater. The minimum bid shall apply to the first year annual lease rental. Annual rentals for the first five (5) lease years will be $3.00 per acre. Commencing with the sixth (6th) lease year, the annual rental will be increased by $1.00 per acre each year. 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.
Special Stipulation
PARTIAL OR NO SITLA SURFACE OWNERSHIP
LEASING UNIT CONTAINS PARTIAL OR NO SITLA SURFACE OWNERSHIP.
GREATER SAGE GROUSE HABITAT
LEASING UNIT MAY CONTAIN ACREAGE WITHIN A STATE MANAGED GREATER SAGE GROUSE HABITAT.
METES & BOUNDS
Less a small 0.86 acre tract in the SE4NE4; a parcel of land in the SE¼NE¼ of Sec. 32, T3S, R21E, SLB&M. Beg. at a point 201.62 ft. N 34°48'57" W from the East quarter corner of Section 32, T3S, R21E, SLB&M, then N O°O6'37" W 250 ft.; thence S 89°53'23" W 150 ft.; thence S 0°06'37" E 250 ft.; thence N 89°53'23" E 150 ft.; to the point of beginning. Basis of bearings the East line of the N½SE¼ of said Section bears N 0°11'33" E.
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 Point of Contact
Trust Lands Mineral Resource Specialist
Andrew Bedingfield
Email
abedingfield@utah.gov
Office
(801) 538-5158
EnergyNet Point of Contact