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 near the town of Ferron in Emery County

Access:
The property is accessed from Power Line West Road which runs through the property.

The rectangular parcel is surrounded on all sides by private lands. Vegetation is predominantly mat saltbrush and Nuttall saltbrush. Elevation across the property has an average of 5,850 and topography is level to rolling with adequate drainage.

Water Rights:
None

Utilities:
No public utilities extend to the subject property. Electricity is provided throughout the area by Rocky Mountain Power. Telephone services are provide throughout the area by Emery Telcom. Propane is provided by private carriers because this property is outside of any incorporated townsite. Sewer may be disposed of onsite through septic systems approved and monitored by Southeastern Utah District Health Department. Interested buyers are encouraged to do their own due diligence regarding utilities to the subject property.

The property is zoned MG&R-1 (Mining and Grazing). Single family dwellings can be constructed within the MG&R-1 Zone. However, each lot has to have a minimum of 40 acres and must be at least 300 feet wide.

Mineral Leases:
None

Surface Leases:
None

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified.

1. Please see the disclosure summary and the certificate of sale template document posted on 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 Utah Geological Survey has submitted the following comment: “Potential geologic hazards in the area that could affect the parcels include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, 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.

Diane Lund
Resource Specialist (Sales Coordinator)

Email dlund@utah.gov

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

Bryan Torgerson
Resource Specialist

Email bryantorgerson@utah.gov

(435) 259-7417

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, 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