SOLD
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Lease:
Leasing Unit # 18
Gross Acres:
105.00
Net Acres:
105.00
Time Remaining:
Auction has ended
Start Time:
10/9/2020 5:00 PM MDT / 6:00 PM CDT
End Time:
10/23/2020 5:00 PM MDT / 6:00 PM CDT
Minimum Bid:
$4.77 per acre
Total Lease Cost at Minimum Bid:
$540.87
(Bonus + Agency Fees + Buyer Premium)
Legal Description:
T2S, R1W, USM
Sec. 22 PART OF N2SW4, PART OF N2N2S2SW4, PART OF SW4SE4SW4SW4 [METES & BOUNDS]
PART OF S2SW4 [METES & BOUNDS] [MINERALS BELOW 400 FEET]
Lease Details
Lease Name
Leasing Unit # 18
County, State
Duchesne, UT
Legal Description
T2S, R1W, USM
Sec. 22 PART OF N2SW4, PART OF N2N2S2SW4, PART OF SW4SE4SW4SW4 [METES & BOUNDS]
PART OF S2SW4 [METES & BOUNDS] [MINERALS BELOW 400 FEET]
Gross Acres
105.00
Net Acres
105.00
Royalty
20.00%
Lease Term
5 Years
Application Fee
$30.00
Special Stipulation
Partial or No Surface / Minimum Bid / OG&AH 20% Royalty / Limit of Mineral Depths / Metes & Bounds
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 ยง63G-2-101, et. seq.
The Applicant offers minimum $2.00 per acre and for each fractional part of an acre (fractional acre is rounded up to one full acre), which includes the first years annual rental, unless otherwise noted. 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.
MINIMUM BID AMOUNT
LEASING UNIT IS AT A MINIMUM BID OF $500.00 WITH A MINIMUM ANNUAL RENTAL OF $500.00 PER YEAR. REFER TO THE SCHOOL AND INSTITUTIONAL TRUST LANDS ADMINISTRATION RULES AND REGULATIONS (R850-21-500-1b).
OG&AH SPECIFIED 20% ROYALTY RATE
LEASING UNIT IS OFFERED AT 20% ROYALTY RATE
LIMIT OF MINERAL DEPTHS
NO STATE OF UTAH SITLA MINERAL RIGHTS FROM SURFACE TO 400 FEET IN PART OF S2SW4 ONLY.
Specified Metes & Bounds Description
Original Metes & Bounds Description Including Part of E2W2SW4, E2SW4:
Beginning at the corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, and continuing thence West 105 rods, more or less, to the East Boundary line of 2nd East Street in Roosevelt, thence South along the East Boundary of said Street 160 rods more or less to Section Line, thence East 105 rods, more or less to quarter Section line, thence North 160 rods more or less to place of beginning, containing 105 arces,more or less.
Metes & Bounds give an approximate description of the area (description developed at the agency):
Beginning at a point 893 feet East and 660 feet South of the West-quarter corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, thence 826 feet South, thence 1732.50 feet East, thence 826 feet North, thence 1732.50 feet West, to the place of beginning.
Also, beginning at a point 893 feet East and 2390 feet South of the West-quarter corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, thence 150 feet East, thence 250 feet South, thence 150 feet West, thence 250 feet North, to the place of beginning.
Containing 31.92 acres, more or less.
In addition to:
Metes & Bounds later described in the Quit Claim Deed to R. B. Fitzgerald:
Beginning at the center of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, and continuing thence West 105 rods, more or less, to the East Boundary line of 2nd East Street in Roosevelt; thence South along the East Boundary of said Street 40 rods; thence East 105 rods, more or less to Quarter Section Line; thence North 40 rods to the place of beginning, containing 26.25 acres, more or less.
Containing 58.17 acres, more or less.
Original Metes & Bounds Description Including Part of E2W2SW4, E2SW4:
Beginning at the corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, and continuing thence West 105 rods, more or less, to the East Boundary line of 2nd East Street in Roosevelt, thence South along the East Boundary of said Street 160 rods more or less to Section Line, thence East 105 rods, more or less to quarter Section line, thence North 160 rods more or less to place of beginning, containing 105 arces,more or less.
Metes & Bounds give an approximate description of the area (description developed at the agency):
Beginning at a point 893 feet East and 660 feet South of the West-quarter corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, thence 826 feet South, thence 1732.50 feet East, thence 826 feet North, thence 1732.50 feet West, to the place of beginning.
Also, beginning at a point 893 feet East and 2390 feet South of the West-quarter corner of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, thence 150 feet East, thence 250 feet South, thence 150 feet West, thence 250 feet North, to the place of beginning.
Containing 31.92 acres, more or less.
In addition to:
Metes & Bounds later described in the Quit Claim Deed to R. B. Fitzgerald:
Beginning at the center of Section 22, Township 2 South, Range 1 West, Uintah Special Meridian, and continuing thence West 105 rods, more or less, to the East Boundary line of 2nd East Street in Roosevelt; thence South along the East Boundary of said Street 40 rods; thence East 105 rods, more or less to Quarter Section Line; thence North 40 rods to the place of beginning, containing 26.25 acres, more or less.
Containing 58.17 acres, more or less.
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.
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