Dry Canyon Parcel (C-27037)

Dry Canyon Parcel (C-27037)

Auction Date:
June 7 2022
Minimum Bid:
Minimum Acceptable Price is $226,600.00 SOLD for $502,600.00
County:
Iron County
Acres:
160.00 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:  8am (MDT), June 1, 2022
Bid End Time for this Parcel:  10am (MDT), June 7, 2022

  • For step by step instructions to pre-register as a bidder, please click here.
  • For a link to this parcel on the auction website where you can place bids or view the auction, 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: $1,250.00
Cultural Resources Survey: $1,180.00
Legal Advertising Cost: $600.00
Sale Processing Charge: $500.00
Application Fee: $250.00
TOTAL CLOSING COSTS: $3,780.00

Video:

Beneficiary:

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

Legal Description:

Township 34 South, Range 8 West, SLB&M
Section 32:  NW4

Location:

The property is located just to the southeast of the community of Parowan, Utah – east of Highway 143 and north of Bowery Creek Road.

Access:

The parcel is accessed by a dirt road through Dry Canyon.

Additional Information:

This parcel has very irregular terrain, including mountainous ground as well as Dry Canyon, which runs through the northeast corner of the property.  The vegetation is varied and includes some larger trees. The property has historically been used for sand and gravel mining.

Acreage:

160.00 Acres, More or Less

Water Rights:

No water rights will be sold with this property.

Utilities:

No utilities are located on site

Zoning:

A-20 (Agricultural use with a 20 acre minimum lot size)

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.

The purchase price must be paid in full before any mining for sand and gravel may occur on the property.

Encumbrances

Mineral Leases:

  1. Material Permit No. 600, issued to Custom Rock and Excavation LLC with an expiration date of September 30, 2022

Surface Leases:

  1. Easement No. 2469 for an access road (to be constructed)
  2. Predesignation No. 880 will be issued to Iron County for roads which qualify as valid existing rights
  3. Grazing Permit No. 23245-21, issued to the Division of Wildlife Resources (this property will be deleted from this permit when sold)

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel.  No significant sites were identified.  The parcel will be sold without any specific 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 Division of Drinking Water has commented:  “Iron County has a source protection ordinance that does restrict certain activities within zones 1 and 2 of drinking water source protection zones. Part of the proposed sale of trust land’s location has a drinking water source protection zone 2. Please contact Kelly Stones, Parowan City Water System at kelly@parowan.org for further information.” (see attached map)
  5. The property will be conveyed subject to all valid existing rights.

Contact for Additional Information:

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

Ron Torgerson
Resource Specialist
rgtorgerson@utah.gov
(435) 893-2980

more info

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