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

The property is located northwest of the town of Alton and is surrounded on all sides by private property.

The property currently has no legal access.

The property has terrain that includes some hillside and some more gentle areas and is typical for the area. The vegetation is mostly sagebrush, pinon pines, and other small shrubs.

Water Rights: No water rights are being sold with this property.

Utilities: No utilities are located on site but are located nearby.

AG-10

Mineral Leases:
None

Surface Leases:
None

Cultural Resource Covenant:
1. A cultural resource survey was conducted on this parcel. No significant sites were identified. The parcel will be sold without any cultural reservations.

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 property will be conveyed subject to all valid existing rights.
5. The Utah Geological Survey (UGS) has submitted the following comments: "Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils/bedrock including shrink/swell and/or collapsible, shallow groundwater and/or 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 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 November 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

View 1 earlier bids...