Highway 91 (C-26877)

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

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.

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:
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.

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 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.

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.

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

Government Resources

Email
government@energynet.com

Office
(877) 351-4488

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