Coal Mine Basin
(C-26887)

All net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.

The parcel is located approximately 4 miles northwest of Vernal. The Highline Canal is located to the northwest of the parcel and 1500 North is located to the south of the parcel.

Access to and through the parcel is via 1500 North.

This remnant parcel is bordered on the east and south by private property.  The landowner to the east has encroached slightly onto the property with some landscaping.

Water Rights: None

Utilities: Power, sewer, water, and telephone appear to be located within 1500 North. Interested parties should verify availability.

RA1 – Residential Agricultural

Mineral Leases: None

Surface Leases:
1. Easement No. 2348, issued to High Line Canal Company for a canal for a perpetual term
2. Right of Way No. 2542, issued to Ashley Valley Water & Sewer for a buried water pipeline for a perpetual term
3. Grazing Permit No. 20993-12, issued to the Hacking Land and Livestock (this acreage will be deleted from the permit upon sale of the property)

A cultural resource survey was conducted on this property. No significant sites were located. The property with be sold without any cultural resource reservations.

1. Please see the disclosure summary and the certificate of sale template document posted at the bottom of this page for general disclosures which apply to all parcels being offered for sale at this auction.

2. All mineral rights, including the sand and gravel rights will be reserved.

3. The property will be conveyed subject to all valid existing rights.

4. The Utah Geologic Survey has commented: Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, wind-blown sand, shallow bedrock, and indoor radon potential. Prospective users should be aware of the potential hazards so they can be addressed in a manner appropriate to the intended use of the property. UGS has general geologic hazard information available at its offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm.

Financing will be offered for this parcel. A down payment of 10% and closing costs will be due at the auction. The remaining balance may be financed at a variable rate of prime plus 2.5% for up to a 20 year term.

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

For the successful bidder, a deposit of at least 10% of the sale price, plus closing costs, and interest through November 30, 2020 is due within one business day from the completion of the auction and is payable to EnergyNet. The remaining balance due may be financed through SITLA at a variable rate of Prime + 2.5%.

Diane Lund Sales Coordinator

Email dlund@utah.gov

Phone (877) 526-3725 or (801) 538-5163

Scott Bartlett Resource Specialist

Email scottbartlett@utah.gov

Phone (801) 538-5166

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

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