Navajo Lake - Southern Parcel (C-27087-B)

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

Location:
This parcel is located in Kane County - northwest of Navajo Lake.

Access:
Access to the property is northwest from Navajo Lake along North Fork Road and then west along Dixie National Forest Road #1672. This road goes to the southern parcel.

A 40-foot access easement will be reserved from the southern parcel to the northern parcel, along the eastern boundary of the parcel. The road is not yet built to provide access to the northern portion. The purchaser of the northern parcel will be responsible for constructing the road.

The parcel is surrounded by private land to the west and south, SITLA land to the north, and US Forest Service land to the east. The terrain is gentle sloping with many flat areas and clearings suitable for development. The vegetation consists of aspen stands, various species of pine trees, and native brush and grasses. Beautiful views and scenery surround this property.

Water Rights:
No water rights will be conveyed with the sale of this property.

Utilities:
No utilities are located on site.

Agriculture - 10 acres

Mineral Leases:
None

Surface Leases:
1. Grazing Permit No. 21639-15, issued to Lundgren Ranch, LLC (when this property is sold, the lands will be deleted from this grazing permit)
2. A 40-foot easement will be reserved along the eastern property boundary of C-27057-B (southern parcel) to provide access to C-27057-A (northern parcel). The purchaser of the northern parcel will be responsible for constructing the road. (See the attached map for a depiction of this easement.)

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified and the property will be sold without any cultural or historical protective deed covenants.

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. Utah Geological Survey has submitted the following comment: "Potential geologic hazards in the area that could affect the parcel include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, landslide-prone geologic units, 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

Ron Torgerson
Surface Assistant Deputy Director

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, 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

Utah Broker of record is Bates Land Consortium

RE License Number: 10851533-CN00: 6346513-AB00

www.bateslandco.com

View 103 earlier bids...