Frankie Hollow (C-27237)

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:

To register as a bidder or to place a bid, please see box to the right.

Bid Start Time for this Parcel: Thursday, June 5, 2025 – Time: 10:20am MDT
Bid End Time for this Parcel: Tuesday, June 10, 2025 – Time: 10:20am MDT

CLOSING COSTS:

The closing costs are expenses incurred to prepare the property for sale. A large portion of the costs is for the completion of a cultural resource survey, which is required by law.

These costs are in addition to the 10% down payment. All closing costs are due from the winning bidder within 24 hours after completion of the auction and cannot be financed.

TOTAL CLOSING COSTS FOR THIS PARCEL: $16,739.00

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 40 South, Range 6 West, SLB&M
Section 2: Lot 1, SE¼NE¼, SE¼

Location:

The property is located about 5 miles south of the town of Alton in Kane County, Utah.

GPS points to center of property: 112°29’23″W, 37°21’39″N
Decimal Degree GPS Points (to SW corner): 37.354685, -112.494793

Access:

Access is from a primitive dirt road that may be impassable in inclement weather and requires a high-clearance four-wheel drive vehicle. Paved roads are approximately 5 miles from the property.

Additional Information:

This L-shaped parcel is mostly on a hillside with some land that is more level. There is a portion along the west side that drops down into a wash a Kanab Creek. The property is surrounded by private property with the exception of the southeast corner, which is border by BLM lands.

Acreage:

240.00 acres, more or less

Water Rights:

Water Right No. 85-637 will be included as part of the sale of this property.

Utilities:

There are no utilities on site.

Zoning:

AG (Agriculture) with a 10-acre minimum to build

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.

During the time when the property is being financed (before a patent is issued), the county records will show the property as state trust lands with notices being sent in care of the purchaser. All improvements to the land during the financing period will need approval.

Mineral Lease Encumbrances:

None

Surface Lease Encumbrances:

Grazing Permit No. 22975-10, issued to Mark Spencer (when the property is sold, the acreage will be removed from this grazing permit)

Cultural Resource Covenant:

A historical and cultural resource survey was conducted on this parcel. No significant sites were identified.

Disclosures:

Please see the disclosure summary and the certificate of sale template document for general disclosures which apply to all parcels being offered for sale at this auction.
All mineral rights will be reserved.
The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.
The Utah Geological Survey has submitted the following comment: “Potential geologic hazards in the area that could affect the parcel include flash flooding, landsliding, problem bedrock and/or soils including shrink/swell and/or collapsible, shallow bedrock, and indoor radon potential. The prospective buyer 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.”
The property will be conveyed subject to all valid existing rights.