Server Time (CDT): Mar. 28, 2:34:21p

Leasing Unit # 7

Juab County, UT
Utah SITLA - Metalliferous Minerals, October 23, 2020

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Please log in as a buyer in order to bid.

Lease:

Leasing Unit # 7

Gross Acres:

640.00

Net Acres:

640.00

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:

$1 per acre

Total Lease Cost at Minimum Bid:

$682.80
(Bonus + Agency Fees + Buyer Premium)

Legal Description:

Lease Details

Lease Name

Leasing Unit # 7

County, State

Juab, UT

Legal Description

T12S, R3W, SLB&M
Sec. 27 ALL

Gross Acres

640.00

Net Acres

640.00

Royalty

4%. 8%-fissionable

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 ยง63G-2-101, et. seq.

The Applicant offers a minimum of $500.00 per lease unit, regardless of acreage, or $1.00 per acre, (fractional acre is rounded up to one full acre) whichever is greater. 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 Point of Contact

Trust Lands Mineral Resource Specialist
Jerry Mansfield

Email
jmansfield@utah.gov

Office
(801) 538-5153

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488