Showalter Mountain (C-26909)

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 south of Highway 20 in Iron County.

Access:
This property does not have any legal or physical access.

The parcel has steep mountainous terrain with conifer trees, mountain brush, pinyon and juniper trees.

Water Rights:
Water Right No. 75-1402 for a diligence claim for the stock watering of 200 head of livestock (2.823 acre-feet) directly on a stream will be conveyed with the property.

Utilities:
None

A-20 (Agriculture with a 20 acre minimum to build)

Mineral Leases:
None

Surface Leases:
Grazing Permit No. 22515-10, issued to Beaver Valley Grazing Association (this land will be deleted from the grazing permit upon completion of the sale)

Cultural Resource Covenant:
A cultural resource analysis was conducted on this parcel.  No significant sites were identified.  The parcel will be sold without any cultural 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 were received from the Utah Geological Survey regarding this parcel:  “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, landslides/landslide-prone geologic units, problem soils and/or rock including shrink/swell and/or collapsible, shallow bedrock, and indoor radon potential. Prospective users should be aware of the potential hazards so they can be addressed in a manner appropriate to the intended use of the property. UGS has general geologic hazard information available at its 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