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.
Bid Start Time for this Parcel: TBD
Bid End Time for this Parcel: TBD
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 close of 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 7 South, Range 21 West, SLB&M
Section 21: Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
The property is located on Lake Mountain which is west of Utah Lake. Soldier Pass Road runs through the property.
Access is from Soldier Pass Road, which runs through the property.
The property has previously been used for recreation, target shooting, hunting, and OHV use. The topography is moderately sloping.
482.67 Acres, More or Less
No water rights are being sold with this property.
There are no existing utilities in this area.
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 is being conducted on this parcel. The parcel will be sold with cultural reservations for any significant site(s) which are identified.
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