Highway 91
(C-26877)

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 1 mile north of Cedar City, along Highway 91.

Access is from Highway 91, which runs along the southeastern edge of the property.

This remnant parcel is divided by Old Highway 91 and is currently open vacant land.

Water Rights: None

Utilities: Utilities are adjacent to the property.

C-C (Community Commercial)

Mineral Leases: None

Surface Leases:
1. Right of Way No. 184, issued to Utah Department of Transportation (UDOT) for Highway 91 for a perpetual term
2. Right of Way No. 2982, issued to Enoch City Corporation for a culinary water line for a perpetual term
3. Grazing Permit No. 23030-12, issued to the Adams Brothers (this acreage will be deleted from the permit upon sale of the property)
4. Range Improvement Project No. 791, issued to the Adams Brothers (this acreage will be deleted from the permit upon sale of the property)

Cultural Resource Covenant: A cultural resource survey was conducted on this property. No significant sites were located. The property will 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 following comments was received from the Utah Geological Survey (UGS): Potential geologic hazards in the area that could affect the parcel include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, earthquake hazards associated with the Hurricane fault, and indoor radon potential. Potential hazards should be addressed in a manner appropriate to the intended use of the property. UGS has general geologic hazard information available at our 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

Ron Torgerson Resource Specialist

Email rgtorgerson@utah.gov

Phone (435) 893-2980

Government Resources

Email
government@energynet.com

Office
(877) 351-4488