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: 8:40am MST
Bid End Time for this Parcel: November 14, 2023, Time: 10:40am 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 Normal Schools.
Township 38 South, Range 11 West, SLB&M
Section 22: W½NW¼
The parcel is located northwest of Kolob Creek Reservoir, south of the Washington County/Iron County line. It is about 20 miles from SR9; to the north of Zion National Park.
The property is surrounded by private landowners. Access to the property is behind locked gates. Interested parties would need to obtain access from one of the surrounding landowners.
A pond is located on the property. Portions of the property are steep and rugged with the majority being moderately sloping. The vegetation is varied with pinyons and junipers as well as native shrubs and grasses. Beautiful views exist throughout the property.
80.00 acres, more or less
Water Right No. 81-3141 for stock watering will be conveyed with this property.
No utilities are located on the property.
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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