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: 10:50am MST on November 9, 2022
Bid End Time for this Parcel: 11:50am 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 10 South, Range 9 West, SLB&M
Section 36: N½SW¼
The parcel is located in Tooele County – near the Tooele/Juab county line – about 22 miles southwest of Dugway and about 6 miles southeast of the Pony Express Road.
The property has good access. From Highway 36, near the town of Faust, head southwest on the Pony Express Road; then southeast on the Old River Bed Road; and then northeast on the Warehouse Rock Road, which runs through the property.
The parcel is surrounded by other SITLA lands to the north and east. The SITLA property to the south is also being offered at this auction. The property to the west is BLM land. The terrain is mostly level with a few small hills on the eastern side. The vegetation consists of cedar trees, junipers, sage, and native grasses. The elevation of the parcel is approximately 4,540 to 4,660 feet.
80.00 Acres, More or Less
No water rights are being conveyed with the sale of this parcel.
No utilities are located on the property.
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 sites were identified and the property will be sold without any cultural or historical protective deed covenants.
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