Coyote Hills Parcel (C-26966)

Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs. Trust lands are not public lands, but are generally open for public use, when possible. Trust lands were allocated specifically to generate revenue to support our beneficiaries. SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.

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

The L-shaped parcel is located one mile east of the Fremont parcels being sold, off of Highway 20 in Iron County.

Access to the property is from a graveled county-claimed road.

The topography of the parcel is steep and rocky with thick pinyon and juniper tree vegetation on the hillsides.  The primary previous use of the property has been hunting and grazing.

Water Rights: This property may include stock watering rights. The purchaser would need to work with the U.S. Bureau of Land Management to determine the amount available, if any, and to correct the records of the Utah State Engineer. More information is available on request.

Utilities: None

A-20

Mineral Leases: None

Surface Leases:

1. Easement No. 1471, issued to South Central Utah Telephone Association for an underground fiber optics line, with an expiration date of February 28, 2039
2. Predesignation No. 753, issued to Iron County for roads which are valid existing rights, issued for a perpetual term
3. Grazing Permit No. 22515-10, issued to Beaver Valley Grazing Association (this property will be deleted from the grazing permit when sold)
4. Grazing Permit No. 22515-A08, issued to Chris Gale (this property will be deleted from the grazing permit when sold)
5. Predesignation No. 871, issued to Iron County for Class D roads which are valid existing rights

Cultural Resource Covenant: A cultural resource survey was conducted on this parcel.  The parcel will be sold with cultural reservations for the significant site(s) which was identified.

1. Please see the disclosure summary and the certificate of sale template document posted at the bottom of this page for general disclosures which apply to all parcels being offered for sale at this auction.

2. All mineral rights will be reserved.

3. The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.

4. The Utah Geological Survey (UGS) has submitted the following comment: “Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, landslides and/or landslide susceptible bedrock, earthquake hazards associated with Quaternary faults in the region, 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”.

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

Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater.  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.

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

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 September 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.

Government Resources

Email
government@energynet.com

Office
(877) 351-4488