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 in the Wah Wah Valley, 22 miles west of Milford in Beaver County.

Access:
The property is accessed by heading northwest from Milford on Highway 21 (aka Ely Highway), and then north on the North Wah Wah Road.

The parcel is rectangular in shape. The vegetation is native dry pasture ground with level topography. There is irrigated cropland nearby. Another larger property is also being sold which is south of this parcel.

Water Rights:
None

Utilities:
No utilities are located on the property.

Multiple Use 20

Mineral Leases:
None

Surface Leases:
1. Predesignation No. 877, issued to Beaver County for North Wah Wah Road for a perpetual term

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

1. Please see the disclosure summary and the certificate of sale template document 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 has submitted the following comment: "Potential geologic hazards in the area that could affect the property include flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, wind-blown sand, and indoor radon potential. Prospective users should be aware of the potential hazard 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 June 30, 2022 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