Kamas – Mirror Lake Highway (C-27219)
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:Â Thursday, November 14, 2024 – 10:50am MST
Bid End Time for this Parcel: Tuesday, November 19, 2024 – 10:50am MST
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:Â $4,192.50
Beneficiary:
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Utah State University.
Legal Description:
Township 2 South, Range 6 East, SLB&M
Section 23: S½N½SW¼ (less 6.15 acres sold previously)
Location:
This property is located in the foothills above the Wide Hollow Subdivision, which is approximately 2 miles southeast of the city of Kamas in Summit County. Kamas is located east of Park City and is approximately 43 miles from Salt Lake City.
GPS Points (to center of property):
Latitude 40.62961962
Longitude -111.23730398
Access:
Access is from Mirror Lake Highway and then along Wide Hollow Road.
Additional Information:
This rectangular-shaped property is bordered by private property, the Kamas Wildlife Management Area, and the Wasatch National Forest. The topography is moderately sloping with some level areas. The vegetation is mostly shrub oak with a few other types of trees. The elevation is 6,900 to 7,000 feet.
Acreage:
33.85 acres, more or less
Water Rights:
No water rights are included with the property.
Utilities:
No utilities are located on site, but are nearby in the adjacent subdivision. Â
Zoning:
AG-80
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.
Mineral Lease Encumbrances:
None
Surface Lease Encumbrances:
None
Cultural Resource Covenant:
A 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:Â “Potential geologic hazards in the area that could affect the parcel include flash flooding, alluvial-fan flooding/debris flow, problem 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 its offices and online at http://geology.utah.gov/utahgeo/hazards/index.htm”
- The Utah Division of Drinking Water has submitted the following comment:Â “This project intersects Drinking Water Source Protection zones for one active well operated by Kamas City Water System. To view the source protection zones in the area of this project, please visit https://enviro.deq.utah.gov/. A point of contact for Kamas City Water System is Trevor Klegg, [email protected], 435-503-4061.”
- The property will be conveyed subject to all valid existing rights.
