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Highway 91 (C-26877)

Iron County, UT
Utah SITLA - Land Sale Auction, June 15, 2021

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

Highway 91 (C-26877)

Acres:

1.47

Time Remaining:

38D 1H 47M 25S

Start Time:

6/9/2021 9:30 AM MDT / 10:30 AM CDT

End Time:

6/15/2021 2:30 PM MDT / 3:30 PM CDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$41,000

Bid Increment:

$500

Total Cost at Starting Bid:

$43,150
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Highway 91 (C-26877)

County, State

Iron, UT

Legal Description

T35S, R11W, SLB&M, Section 24: NW4NW4SE4NE4 (Within) (See Survey Map for Metes & Bounds)

Acreage

1.47

Land Survey Cost

$1,200.00

Legal Advertising Cost

$200.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 1.47 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $0.00
Cultural Resources Survey Cost $0.00
Land Survey Cost $1,200.00
Legal Advertising Cost $200.00
Sale Processing Charge $500.00
Application Fee $250.00

Beneficiary Notice

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

Location and Access

Location:
The parcel is located approximately 1 mile north of Cedar City, along Highway 91.

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

Additional Information

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

Water Rights and Utilities

Water Rights:
None

Utilities:
Utilities are adjacent to the property.

Zoning

C-C (Community Commercial)

Encumbrances

Mineral Leases:
None

Surface Leases:
Right of Way No. 184, issued to Utah Department of Transportation (UDOT) for Highway 91 for a perpetual term

Right of Way No. 2982, issued to Enoch City Corporation for a culinary water line for a perpetual term

Grazing Permit No. 23030-12, issued to the Adams Brothers (this acreage will be deleted from the permit upon sale of the property)

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.

Disclosures

Please see the Aquisition Agreements section of this page for transaction template documents and for general disclosures.

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

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

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

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

Successful Bidder Notification

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, closing costs, and interest through June 30, 2021 is due within one business day from the completion of the auction and is payable to SITLA. Full remittance instructions will be included with the invoice. The remaining balance due will be financed through SITLA at a variable rate of prime plus 2.5% or 7.5%, whichever is greater.

Utah SITLA Points of Contact

Diane Lund
Sales Coordinator

Email
dlund@utah.gov

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

Ron Torgerson
Resource Specialist

Email
rgtorgerson@utah.gov

(435) 893-2980

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

Utah Broker

Utah Broker of record is Bates Land Consortium

RE License Number: 10851533-CN00; 5469640-PB00



www.bateslandco.com