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: 9:20am (MT) November 4, 2021
Bid End Time for this Parcel: 10:50am (MT) November 10, 2021
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 6 South, Range 22 East, SLB&M
Section 7: NW4NE4 (Within)
This property is located in the Horseshoe Bend area, north of the Green River.
This property can be accessed near the intersection of Bonanza Highway and Horseshoe Road, a Uintah-county claimed road.
This property is relatively flat and has recently been cleared of vegetation.
4.09 Acres, More or Less
No water rights are being sold with this property.
Some utilities are located on site.
MG1 (Mining and Grazing)
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 sites were identified. The parcel will be sold without any cultural reservations.
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