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

Location:

This parcel is located in the Silvan Canyon Estates Subdivision, approximately 20 miles from SR9, near East Zion.

Access:

Access is from the Kane County North Fork Road. Enter the North Fork County Road at East Zion off Highway SR9, then travel approximately 19 miles north until you get to the Orderville Canyon Road, then travel south and east 1.3 miles to the lot.

This subdivision was developed in the 1970's, but only a few lots have been sold. Many lots are owned by SITLA. This is the first lot being sold by SITLA. The topography of this lot is partially flat to moderately sloping, with beautiful views from all directions.

Water Rights:

No water rights will be conveyed with this sale.

Utilities:

No utilities are on site.

Zoning is approved through the Silvan Canyon Estates Subdivision

Mineral Leases:

None

Surface Leases:

None

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel. No significant historical or cultural sites were identified. The property will be sold without any historical or cultural reservations.

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 following comments were submitted from the Utah Geological Survey: “Potential geologic hazards in the area that could affect the parcels include landslides and landslide-prone geologic units, rockfall, stream flooding, 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

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