Server Time (CDT): Oct. 20, 5:19:39p

Horseshoe Bend Property (C-27004)

Uintah County, UT
Utah SITLA - Land Sale Auction, November 10, 2021

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

Horseshoe Bend Property (C-27004)

Acres:

4.09

Time Remaining:

20D 19H 30M 21S

Start Time:

11/4/2021 9:20 AM MDT / 10:20 AM CDT

End Time:

11/10/2021 10:50 AM MST / 11:50 AM CST

Your Bid:

-

Highest Bid:

-

Starting Bid:

$44,000

Bid Increment:

$500

Total Cost at Starting Bid:

$46,940
(Bid Price + Agency Fees)

Legal Description:

Parcel Details

Parcel

Horseshoe Bend Property (C-27004)

County, State

Uintah, UT

Legal Description

T6S, R22E, SLB&M
Section 7: NW4NE4 (Within)

Acreage

4.09

Appraisal Costs

$1,800.00

Cultural Resources Survey Cost

$190.00

Legal Advertising Cost

$200.00

Sale Processing Charge

$500.00

Application Fee

$250.00

Comments

Acreage listed is approximate; 4.09 Acres, More or Less

Agency Fees (Closing Costs)

Agency Fee Amount
Appraisal Cost $1,800.00
Cultural Resources Survey Cost $190.00
Legal Advertising Cost $200.00
Sale Processing Charge $500.00
Application Fee $250.00

Beneficiary Notice

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

Location and Access

This property is located in the Horseshoe Bend area, north of the Green River.

This property can be accessed near the intersection of Bonanza Highway and Horseshoe Road, a Uintah-county claimed road.

Additional Information

This property is relatively flat and has recently been cleared of vegetation.

Water Rights and Utilities

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

Utilities: Some utilities are located on site.

Zoning

MG1 (Mining and Grazing)

Encumbrances

Mineral Leases:
1. Mineral Lease No. 53750-OBA, issued to Hoodoo Mining and Production Company, LLC with an expiration date based on production
2. Mineral Lease No. 90019-OBA, issued to Hoodoo Mining and Production Company, LLC with an expiration date based on production

Surface Leases:
1. Easement No. 1730 for Class D roads, issued to Uintah County for a perpetual term
2. Grazing Permit No. 21357, issued to Scott and Kristy Wall (this property will be deleted from the grazing permit when it is sold)
3. Range Improvement Project No. 463, issued to Holmes Bar NE Ranch, LLC (this property will be deleted from the range improvement project when it is sold)

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.

Disclosures

1. A possible trespass issue exists on this property. It will be the responsibility of the successful purchaser to resolve this encroachment.
2. 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.
3. All mineral rights will be reserved.
4. The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
5. The property will be conveyed subject to all valid existing rights.

Financing

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.

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.

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.

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