Roosevelt Industrial Lot (C-27034-C)

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

Location:
The lot is located in Roosevelt and is part of the Municipal Airport Industrial Subdivision, north of Highway 40 and Highway 191. The industrial park is located east of the airport.

Access:
Access is from Highway 40 aka Highway 191 – Southwest of South Hancock Cove Road, between 1600 South and 1760 South.

The lot is part of an industrial park in Roosevelt.  Neighboring lot is developed and is currently in use.

Water Rights:
None

Utilities:
Sewer, power, and gas is available for each lot.

M-2 (Heavy Industrial)

Mineral Leases:
None

Surface Leases:
None

Cultural Resource Covenant:
This lot was reviewed to determine the need for a cultural resource survey. A survey will not be required. This lot will be sold without any deed covenants for cultural resources.

1. Please see the disclosure summary and the certificate of sale template document posted on this page for general disclosures which apply to this parcel 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 parcels include seasonal flooding, flash flooding/debris flow, problem soils including shrink/swell and/or collapsible, 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."
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.

Tyson Todd
Resource Specialist

Email ttodd@utah.gov

(435) 781-5304

Diane Lund
Resource Specialist

Email dlund@utah.gov

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

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