Paragonah North #1 (C-27304)
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 TBD
Bid End Time for this Parcel: TBD
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 TBD
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 32 South, Range 8 West, SLB&M
Section 36: S½NW¼
Location:
The property is located at Off Cottonwood Canyon Road in Paragonah, which is northwest of Parowan in Iron County.
Access:
Additional Information:
The parcel is surrounded on 3 sides by BLM lands with private property to the west. The property is rectangular shaped with gentle topography. A wire fence is along the west property line.
Acreage:
80.00 acres, more or less
Water Rights:
No water rights will be sold with the property.
Utilities:
Power is located nearby, but no other utilities are available.
Zoning:
A-20 (This zone requires a minimum lot size of 20 acres.)
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:
- Right of Way No. 3219, issued to Mountain Fuel Supply Co. for a 8-inch buried nature gas pipeline for a perpetual term (this easement is located through a small portion of the southeast corner of the property)
Cultural Resource Covenant:
A historical and cultural resource survey will be conducted on this parcel. If any significant sites are identified, the property will be sold with reservations for cultural or historical resources.
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 property will be conveyed subject to all valid existing rights.
