Kenilworth Parcel (C-27011)

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: 9:50am MDT, June 8, 2023
Bid End Time for this Parcel: 10:50am MDT, June 13, 2023

For step by step instructions to pre-register as a bidder, please click here.
For the link to view or place a bid, 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:	$327.00
Cultural Resources Survey:	$2,737.57
Legal Advertising Cost:	$210.00
Sale Processing Charge:	$500.00
Application Fee:	$250.00
TOTAL CLOSING COSTS:	$4,024.57

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 13 South, Range 10 East, SLB&M
Section 16: W½NE¼, NE¼NE¼

Location:

This parcel is located in a dry canyon in Carbon County, 1/2 mile north of the town of Kenilworth.

Access:

Access to this parcel is from a private road through private property. The Trust has no perfected easement for the right-of-way, but there may be a prescriptive right of access. Interested parties should do their own due diligence regarding access to the property because the Trust does not warranty or guarantee access to this parcel.

Additional Information:

Topography is the property consists of steep slopes and deep canyons. Vehicle access across the property is limited due to the steep topography. The average elevation of the parcel is 7,167 feet.

Acreage:

120.00 acres, more or less

Water Rights:

No water rights are available to be conveyed with the property.

Utilities:

No utilities are located on site. The closest power is 1/2 mile south. An abandoned power line is located on the property which once served a mine at the top of the canyon, northeast of the property.

Zoning:

WS – Water Shed (all areas over 7,000 feet elevation)
M&G-1, Mining and Grazing (all areas below 7,000 feet elevation)

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.

Mineral Leases:

None

Surface Leases:

None

Cultural Resource Covenant:

A cultural resource survey was conducted on this parcel. No significant cultural or historical sites were discovered. The property will be sold without any historical or cultural sites reservations.

Disclosures:

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.
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 wants all interested parties to be informed of potential geologic hazards in the region that could affect this parcel including landslides and landslide-prone geologic units, rockfall, stream flooding, flash flooding/debris flow, problems soils and/or bedrock including shrink/swell and/or collapsible, shallow bedrock, and indoor radon potential. Potential buyers can get information from UGS’s general geologic hazard website at: http://geology.utah.gov/utahgeo/hazards/index.htm.
The property will be conveyed subject to all valid existing rights.