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 3.3 million surface acres on behalf of our beneficiaries.
ONLINE BIDDING INFORMATION:
Bid Start Time for this Parcel: November 8, 2023, Time: 8:20am MST
Bid End Time for this Parcel: November 14, 2023, Time: 10:20am MST
The closing costs are in addition to the 10% down payment. All 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 41 South, Range 9West, SLB&M
Section 2: LOTS 3(41.29), 4(41.22), S2N2, S2 [LOTS AKA N2NW4]
The property is located off North Forks Road and north of SR-9, near the east border of Zion National Park.
The private road to the property is primitive. The property is surrounded by private landowners. Interested parties would need to obtain access from one of the surrounding landowners.
The property is L-shaped with very irregular topography. The vast majority of the land in this area is undeveloped mountain ground.
562.51 acres, more or less
No water rights will be included with this property.
Power is located nearby, no other utilities are currently available.
Currently exempt from zoning – likely to be zoned AG-10.
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.
Mineral Lease Encumbrances:
Surface Lease Encumbrances:
Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified. The property will be sold without any reservations for historical or cultural sites.
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