Cedar Mountain – Parcel A (C-27059-A)

Cedar Mountain – Parcel A (C-27059-A)

Auction Date:
November 15 2022
Minimum Bid:
Minimum Acceptable Price is $38,750.00 SOLD for $50,250.00
County:
Duchesne County
Acres:
47.50 acres, more or less
General Information

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: 9:00am MST on November 9, 2022
Bid End Time for this Parcel:  10:00am MST on November 15, 2022

  • For the auction page to view or place a bid, please click here.
  • For step by step instructions to pre-register as a bidder, please click here.

CLOSING COSTS:

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.  

Appraisal Costs: $960.00
Cultural Resources Survey: $420.00
Legal Advertising Cost: $200.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $2,330.00

Video:

Beneficiary:

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

Legal Description:

Township 4 South, Range 8 West, UBM
Section 1:  NW¼SE¼, W½SW¼NE¼SE¼, NW¼NW¼NE¼SE¼

Location:

The property is located in west central Duchesne County, about 6.5 miles southwest of Fruitland and about 17 miles west of Duchesne.  Duchesne County is about 100 miles west of Salt Lake City, Utah.

Access:

From the US 40 and Highway 208 junction, the parcel is located about 2.5 miles south.  Roads leading to the parcel are well-maintained.

Additional Information:

The terrain of the property ranges from flat to very steep.  The vegetation is cedar trees, junipers, sage, and native grasses.  Two other adjacent SITLA properties will also be sold at this same auction.

Acreage:

47.50 acres, more or less

Water Rights:

No water rights are included as part of the sale of this parcel.

Utilities:

There are no utilities to the site.  Power is located 1 to 2 miles to the north.

Zoning:

A-10 (Agricultural)

Financing:

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.

Encumbrances

Mineral Leases:

  1. Mineral Lease No. 53591, issued to Bro Energy, LLC with a primary term expiration date of February 28, 2023 (actual expiration date will be based upon production)

Surface Leases:

  1. Easement No. 2568 will be issued to Duchesne County to provide access on existing roads for a perpetual 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.

Disclosure and Contact

Disclosures:

  1. Please see the disclosure summary and the certificate of sale template document posted at the bottom of 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 Utah Geological Survey has commented:  “Potential geologic hazards in the area that could affect the parcel include flash flooding/debris flow, problem soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, landslide-prone geologic units, 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 our offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm”
  5. The property will be conveyed subject to all valid existing rights.

Contact for Additional Information:

Diane Lund
Resource Specialist (Sales Coordinator)
dlund@utah.gov
(877) 526-3725 or (801) 538-5163

Tyson Todd
Resource Specialist
ttodd@utah.gov
(435) 781-5304

more info

(Click on Photos for a Larger View)

(These photos represent each of the 3 Cedar Mountain properties being sold at this auction.)

 

 

 

 

maps

(Click on Map for a Larger View)