Redmond – Lake View (C-27353)
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. (registration will open soon)
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 Normal Schools.
Legal Description:
Township 21 South, Range 1 West, SLB&M
Section 9: E½SE¼ (portion east of the Piute Canal)
Section 10: SW¼
(survey pending)
Note: Sevier County has assigned parcel numbers to a portion of this property: 4-25-6 (SE¼SW¼), 4-25-7 (SW¼SW¼), 4-25-8 (NE¼SW¼).
Location:
The property is located near the town of Redmond. Redmond Lake is approximately 1.25 miles east of the parcel.
Access:
Additional Information:
This parcel is slightly sloped with a small amount of brush and a mixture of grasses. The western boundary line is the Piute Canal, and the Vermilion Canal runs through the eastern edge of the property. There are fences on the north and south sides. Portions of the property have previously been cleared and farmed (likely more than 60 years ago).
Acreage:
188.00 acres, more or less (survey pending)
Water Rights:
No water will be sold with this property.
Utilities:
TBD
Zoning:
A – Agricultural
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:
- Easement No. 1861, issued to Sevier County for the Piute Canal Road, for a perpetual term
- Grazing Permit No. 20163-24, issued to Dan C. Jorgensen, with an expiration date of June 30, 2039 (when the property is sold, the acreage sold will be removed from this permit)
Cultural Resource Covenant:
A historical and cultural resource survey will be conducted on this parcel. The property will be sold with reservations for any cultural or historical resources which are identified.
Disclosures:
- A disclosure summary and certificate of sale template document for general disclosures which apply to all parcels being offered for sale at this auction are available, upon request.
- All mineral rights will be reserved, including geothermal.
- 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.
