What are trust lands?
Trust lands are parcels of land granted by Congress to Utah at statehood to support specific beneficiaries, including public schools, universities, hospitals, and reservoirs. Trust lands are not public lands, but are generally open for public use, when possible. Trust lands were allocated specifically to generate revenue to support our beneficiaries. SITLA currently manages 3.4 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: 9:40am MST on November 9, 2022
Bid End Time for this Parcel: 10:40am MST on November 15, 2022
The closing costs are in addition to the 10% down payment. The cultural resources survey costs may be financed, upon approval. All other closing costs are due from the prevailing bidder at the auction and cannot be financed.
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.
Township 4 South, Range 6 West, SLB&M
Section 10: E½SW¼, SW¼SE¼
The parcel is located in Tooele County – northwest of the town of Stockton, about 9 miles southwest of Grantsville, and about 1 mile west of Mormon Trail Road.
The property has no legal access.
Two properties in this same general area will be sold at this auction. The vegetation of this property is nearly all sage, rabbitbrush, and grasses. The area on the far west side of the parcel, near the drainage is moderately dense. The terrain is flat with rolling hills to moderately sloping. The elevation is approximately 5,300 to 6,000 feet.
120.00 Acres, More or Less
No water rights will be conveyed with the sale of this property.
No utilities are located on the property. Power is located a few miles to the east.
MU-40 (Multiple Use Agricultural)
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.
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.
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