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Cinnamon Creek Block (C-26957)

Cache and Weber Counties, UT
Utah SITLA - Sealed Bid Land Sale, November 16, 2021

SOLD

Registration Status:

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Your Bid Status:

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Parcel:

Cinnamon Creek Block (C-26957)

Acres:

8,106.78

Time Remaining:

Auction has ended

Start Time:

11/9/2021 9:00 AM MST / 10:00 AM CST

End Time:

11/16/2021 12:00 PM MST / 1:00 PM CST

Minimum Bid:

$19,500,000

Total Parcel Cost at Minimum Bid:

$19,505,000
(Sealed Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Cinnamon Creek Block (C-26957)

County, State

Cache and Weber Counties, UT

Legal Description

T8N, R2E, SLB&M
Section 13: NE4, NE4SW4, SE4SW4, NW4SE4, SE4NW4, SW4SE4 (360 Acres)
Section 24: E2NE4, N2SW4NE4, SW4NE4, NE4NW4 (180 Acres)
T8N, R3E, SLB&M
Section 4: All (641.44 Acres)
Section 5: All (640.96 Acres)
Section 6: All (643.56 Acres)
Section 7: All (642.24 Acres)
Section 8: All (640.00 Acres)
Section 16: N2, N2S2 (480.00 Acres)
Section 17: N2SW4, SE4SW4, N2, SE4 (600.00 Acres)
Section 18: E2NW4, Lot 1 (NW4NW4), Lot 2 (SW2NW4), N2NE4, S2NE4 (320.72 Acres)
T9N, R2E, SLB&M
Section 25: S2 (320 Acres)
Section 26: E2, Part of E2W2 (439.50 Acres)
Section 35: N2 (Within) (215.70 Acres)
Section 36:E2, NW4, Part of SW4 (542.50 Acres)
T9N, R3E, SLB&M
Section 31: All (640.16 Acres)
Section 32: All (640.00 Acres)
Section 33: S2S2 (160.00 Acres)

Acreage

8,106.78

Comments

Acreage listed is approximate; 8,106.78 Acres, More or Less

Beneficiary Notice

The net proceeds from the sale of this property will be deposited into the permanent funds for the beneficiaries of Public Schools, Reservoirs, and the University of Utah.

Location and Access

This large block is located west of Ant Flat Road, just north of the Cache/Weber County boundary line. Cinnamon Creek runs through the property.

Legal access to the property is from the southern side of the parcel through an reciprocal easement agreement that will be transferred with the property (Predesignation No. 620). Another physical access point is on the eastern side of the parcel through property owned by the Utah Division of Wildlife Resources.

Additional Information

The terrain is varied and includes level, gently sloping, moderately sloping, steep, and very steep topography. There is a large ravine that runs east to west through the southern side of the parcel, where Cinnamon Creek is located. Sheep Creek Canyon runs along the northerly boundary and Red Rock Creek runs along the southerly boundary. Powder Mountain Ski Resort is about four miles southwest of the parcel.

Video

Water Rights and Utilities

Water Rights:
The following water rights are located on the property and will be included with the sale: 25-1901, 25-1902, 25-1903, 25-1904, 25-1905, 25-1906, 25-1907, 25-1908, 25-1909, 25-1910, 25-1911, and 25-575. These water rights are all diligence claims tied to small springs and streams located throughout the property. Collectively, these water rights are part of two water use groups where the allowed use under one group is the stockwatering of 400 equivalent livestock units (in cattle, horses, or equivalent species) and the allowed use under the other group is one equivalent domestic unit (part-time domestic uses of one family). Both groups have periods of use from May 1 to October 31 of each year. Please contact the Utah Division of Water Rights for more information on these water rights.

Utilities:
There are no utilities currently on site.

Zoning

FR-40 and F-40 (Forest and Forest Recreation with a minimum lot size of 40 acres)

Encumbrances

Mineral Leases:
None

Surface Leases:
1. Easement No. 660, for a road issued to TK Swan Land Ltd. for a perpetual term
2. Easement No. 2468, issued to Cache County for an access easement on Mineral Point Road
3. Predesignation No. 620, for a reciprocal access easement from TK Swan Land Ltd.
4. Predesignation No. 875, issued to Weber County for an access easement on Davenport Road
5. Predesignation No. 876, issued to Cache County for an access easement on La Plata Road
6. Grazing Permit No. 23144-16 issued to TK Swan Land Ltd. (this property will be deleted from the grazing permit when it is sold)
7. Grazing Permit No. 21914-08 issued to Marlon Bingham (this property will be deleted from the grazing permit when it is sold)

Cultural Resource Covenant:
A cultural resource survey is being conducted on this parcel. The parcel will be sold with cultural reservations for any significant sites which are identified.

Disclosures

1. Additional disclosures and conveyance documents will be provided prior to the auction.

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

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

4. The Utah Geological Survey (UGS) has submitted the following comment: "Potential geologic hazards in the area that could affect the block include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell, and/or collapsible, landslides and landslide-prone geologic units, shallow bedrock, karst, and indoor radon potential. Prospective buyers 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."

Closing Costs

This offering includes $5,000.00 Closings Costs in the calculated pricing.

Financing

The successful bidder will be required to pay the closing costs and 2% bid deposit within 48 hours (by November 18, 2021 at Noon MT / 1pm CT). The required remaining 23% down payment or payment in full will be due by Tuesday, December 14, 2021 at 5pm MT / 6pm CT.

Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. The remaining balance may be financed for up to a 20 year term with annual payments.

Utah SITLA Points of Contact

Diane Lund
Sales Coordinator

Email dlund@utah.gov

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

Ben Stireman
Resource Specialist

Email benstireman@utah.gov

(801) 538-5164

Successful Bidder Notification

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

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