This property is surrounded by private property and other trust lands. This triangular-shaped property has most recently been used for grazing range lands. The vegetation is sage and native grasses. The topography is gently sloping hillside. The view from the parcel of Bear Lake is amazing.

Location:
This property is located on the east side of Bear Lake in Rich County. The east property boundary is Cisco Road. The northern boundary of the parcel is 1.3 miles from the Utah/Idaho state line. Laketown, Utah is located approximately 10 miles to the south.

Access:
Access is from Cisco Road, which is the eastern boundary of the property.

Zoning:
BD - Beach Development and A - Agriculture

Water Rights:
No water rights are included with the property.

Utilities:
No utilities are located on site, but are nearby. Power lines are located along Cisco Road.

Beneficiary Notice:
The net proceeds from the sale of this property will be deposited into the permanent fund for the beneficiary of Public Schools.

For questions about land sales:
Utah SITLA
Tyler McIntosh Area Manager
Email tylermcintosh@utah.gov
Phone (801) 538-5195

Diane Lund
Assistant Managing Director, Surface; Land Sales Coordinator
Email dlund@utah.gov
Phone (801) 538-5163

For questions about participating in the offering:
EnergyNet
Government Resources
Email government@energynet.com
Phone (877) 351-4488

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
For the successful bidder, a deposit of at least 10% of the sale price, plus closing costs and interest through November 30, 2024, is due within one business day from the completion of the auction and is payable to SITLA. Financing will be offered for this parcel at a variable interest rate of prime plus 2.5% or 7.5%, whichever is greater. The remaining balance may be financed for up to a 20 year term. Full remittance instructions will be included with the invoice.

1. Please see the disclosure summary and the certificate of sale template documents for general disclosures which apply to all parcels being offered for sale at this auction.


2. All mineral rights will be reserved.


3. The sand and gravel on the parcel will be subject to a royalty provision if sold commercially.


4. The Utah Geological Survey has submitted the following comment: "Potential geologic hazards in the area that could affect the parcel include earthquake hazards associated with the East Bear Lake fault including surface-rupture, ground shaking, and slope failure, flash flooding, alluvial-fan flooding/debris flow, rockfall, problem soils including shrink/swell and/or collapsible, 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."


5. The property will be conveyed subject to all valid existing rights.

Mineral Leases:
None

Surface Leases:
1. Predesignation No. 788, issued to Rich County for roads which are considered valid existing rights, with a perpetual term (this road in the eastern property boundary)
2. Grazing Permit No. 22714-13, issued to Dan C. Peart (these lands will be removed from this grazing permit when the property is sold)

Cultural Resource Covenant:
A cultural resource survey was conducted on this parcel. No significant sites were identified.

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