Trust Land To Be Sold At Auction
01-May-1998
The next statewide trust land sale is Friday, May 8, 1998, at 10:00 a.m., in the auditorium of the Department of Natural Resources Building, 1594 West North Temple, Salt Lake City. The auction is conducted by the Utah School and Institutional Trust Lands Administration. The public is invited to the sale either to participate or to observe. This auction includes at least six separate locations, from the Garden City parcel west of Bear Lake in northern Utah, to a Section of land which is part of the premier Paunsaugunt hunting area of southern Utah. Also included: Three parcels of 40 acres each on Johnson Bench near Bryce Canyon National Park 640 acres in the Tintic Valley, about 8 miles south of Eureka 480 acres near Photograph Gap, 15 miles north of Monticello 647 acres three and one-half miles south of Sevier Dry Lake For more information on the properties being offered for sale and the auction process, call the Trust Lands Administration in Salt Lake City at 538-5100, or check the Internet at www.trustlands.com. Another auction is scheduled for September, 1998. The revenue generated by land sales is put into the permanent funds of Utah schools and other beneficiaries. The permanent funds are not spent, but are invested by the State Treasurer to provide perpetual payments to the beneficiaries. The School and Institutional Trust Lands Administration is an independent state agency which manages 3.7 million acres of Utah trust lands exclusively for the benefit of Utah's schools and other public institutions.