Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A performance and reclamation bond in the amount of $38,250.00 is currently in place. That bond applies to this lease and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It has been determined that amount is adequate for the current risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected on September 27, 2021. Based on the lease inspection, this site is being rated medium risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. The complete inspection report will be kept in the lease file. The lease agreement provides for periodic increases in the annual base rental amount. After a preliminary analysis, it has been determined that an appraisal is not warranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 per year to $14,010.00 per year, effective December 1, 2021. Written notice of this action was sent to the lessee. The existing lease is currently considered the highest and best use of this parcel of land.
Appears in 1 contract
Samples: Oil Shale Lease Amendment
Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A performance and reclamation bond in the amount of $38,250.00 5,000.00 is currently in place. That bond applies to this lease place and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It it has been determined that amount is adequate for the current risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected and reviewed for environmental compliance on September 2729, 20212020. Based The only equipment on the lease inspection, this site is being rated medium risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste a 30,000-gallon propane tank on the premises. All oil and gas containers are being properly storeda concrete pad. The site appears is fenced and it is clean and orderly. The complete inspection report will be kept in the lease file. The lease agreement provides for periodic increases in the annual base rental amount. After a preliminary analysis, it has been determined that an appraisal is not warranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 1,310.00 per year to $14,010.00 1,470.00 per year, effective December October 1, 20212020. Written A certified notice was sent informing the lessee of this action was sent to the lesseeaction. No response has been received. The existing lease is currently considered the highest and best use of this parcel of land.
Appears in 1 contract
Samples: Telecommunications
Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided been asked to provide proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A No performance and reclamation bond in is required at this time because of the amount of $38,250.00 is currently in place. That bond applies to this lease and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It has been determined that amount is adequate for the current low risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected and reviewed for environmental compliance on September 27April 6, 2021. Based on the The lease inspection, this site is being inspection indicated it would be rated medium as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. The complete inspection report will be kept in added to the lease file. The lease agreement provides for periodic increases in the annual base rental amount. After Pursuant to the lease agreement, it is recommended that the annual base rental be increased from $1,080.00 per year to $1,240.00 per year based on a preliminary Consumer Price Index ("CPI") adjustment, effective August 1, 2021. A certified notice was sent informing the lessee of this action. An analysis of comparable parcels and rental rates in the area show that these adjusted rentals meet market value. Based on this analysis, it has been determined that an appraisal is not warranted, warranted and that any rental increase adjustments should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 per year to $14,010.00 per year, effective December 1, 2021. Written notice of this action was sent to the lesseebased on CPI. The existing lease is currently considered the highest and best use of this a parcel of this type of land.. The annual rental for SULA 6597 has been increased from $1,080.00 to $1,240.00, effective August 1, 2021. The next five-year review will be completed by August 1, 2026. DA Date: 05/10/2021 Status: Approved by Xxxxx Xxx Department: Surface Drafted By: Xxxxxxxxxxx, Xxxxx ID: 6598 EPHRAIM, UT 84627 Administrator: Xxxxxxxxxxx, Xxxxx County: Beaver Total acres: 27.5000 Start Date: 08/01/2012 Beneficiary: School LAND PARCELS (GIS Review of Description: 01/26/2012) 25.000 acres T28S, R14W, SLB&M Section 21: N2N2NE4NW4NW4 2.5000 acres
Appears in 1 contract
Samples: Mineral Lease Amendment
Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A performance and reclamation bond in the amount of $38,250.00 5,000.00 is currently in place. That bond applies to this lease and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It has been determined that amount is adequate for the current risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected on September 27, 2021. Based on the lease inspection, this site is being rated medium risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. The complete inspection report will be kept in the lease file. The lease agreement provides for periodic increases in the annual base rental amount. After a preliminary analysis, it has been determined that an appraisal is not warranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 16,980.00 per year to $14,010.00 19,280.00 per year, effective December 1, 2021. Written notice of this action was sent to the lessee. The existing lease is currently considered the highest and best use of this parcel of land.
Appears in 1 contract
Samples: Oil Shale Lease Amendment
Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided been asked to provide proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A No performance and reclamation bond in the amount of $38,250.00 is currently in place. That bond applies to this lease and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It which has been determined that amount is to be adequate for the current risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected and reviewed for environmental compliance on September 27May 26, 2021. Based on the The lease inspection, this site is being inspection indicated it would be rated medium as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. The complete inspection report will be kept in added to the lease file. The lease agreement provides for periodic increases in the annual base rental amount. After Pursuant to the lease agreement, it is recommended that the annual base rental be increased from $720.00 per year to $770.00 per year based on a preliminary Consumer Price Index ("CPI") adjustment, effective October 1, 2021. A certified notice was sent informing the lessee of this action. An analysis of comparable parcels and rental rates in the area show that these adjusted rentals meet market value. Based on this analysis, it has been determined that an appraisal is not warranted, warranted and that any rental increase adjustments should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 per year to $14,010.00 per year, effective December 1, 2021. Written notice of this action was sent to the lesseebased on CPI. The existing lease is currently considered the highest and best use of this a parcel of this type of land. The annual rental for SULA 1641 has been increased from $720.00 to $770.00, effective October 1, 2021. The next three-year review will be completed by October 1, 2024. DA Date: 06/14/2021 Status: Approved by Xxxxx Xxx Department: Surface Drafted By: Xxxxx, Xxx ID: 6649 Administrator: Xxxxx, Xxx County: Uintah Total acres: 640.0000 Start Date: 07/01/2008 Beneficiary: School LAND PARCELS (GIS Review of Description: 06/08/2021) T9S, R23E, SLB&M Section 16: ALL 640.00 acres The authorized use of the subject parcel is a produced water facility, storage, and freshwater pond. The review date is July 1, 2021.
Appears in 1 contract
Samples: Oil Shale Lease Amendment
Narrative. DUE DILIGENCE AND PROPER USE: The development allowed by the lease has occurred. It is recommended that the lease be kept in force. PROPER USE: The leased premises are being used in accordance with the lease agreement. ADEQUATE INSURANCE AND BOND COVERAGE: The lessee has provided proof of adequate insurance coverage. The lease allows the Trust to require a bond at any time, or to require additional bonding as may be in the best interest of the beneficiary. A performance and reclamation bond in the amount of $38,250.00 is currently in place. That bond applies to this lease and five other SULAs (see Director’s Actions of August 16, 2021, ID #6950). It has been determined that amount is adequate for the current risks associated with the lessee’s current uses. WATER RIGHTS AND XXXXX: There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE: The property was inspected and reviewed for environmental compliance on September 2712, 20212019. Based on the The lease inspection, this site is being inspection indicated it would be rated medium as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, or solid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. The complete inspection environmental report will be kept is in the lease file. The lease agreement provides for periodic increases in the annual base rental amount. Pursuant to the lease agreement, it is recommended that the annual base rental be increased from $2,410.00 per year to $2,600.00 per year, effective January 1, 2020. A certified notice was sent informing the lessee of this action. No response has been received. After a preliminary analysis pursuant to Board policy, the value of comparable, unimproved properties in the area has been estimated to be approximately $600.00 per acre. Based on this analysis, it has been determined that an appraisal is not warranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or other methods as provided for in the lease agreement. The annual base rental will be increased from $11,990.00 per year to $14,010.00 per year, effective December 1, 2021. Written notice of this action was sent to the lessee. The existing lease is currently considered the highest and best use of a parcel of this type of land. The annual rental has been increased from $2,410.00 to $2,600.00, effective January 1, 2020. The next five-year review will be completed by January 1, 2025. DA Date: 10/07/2019 Status: Approved by Xxxxx Xxx Department: Surface Drafted By: Xxxxxxxx, Xxxxx ID: 3285 ENGLEWOOD, CO 80112 Administrator: Xxxxxxxx, Xxxxx County: Utah Total acres: 1.00 Start Date: 01/01/1936 Beneficiary: Deaf LAND PARCELS (GIS Review of Description: 10/01/2019) T10S, R6E, SLB&M Section 25: NE4NW4 (WITHIN) (9 POLES) 1.00 acres This right of way was issued to Mountain States Telephone and Telegraph Company on November 5, 1936, for a telephone line across three (3) parcels of trust lands. Of the three (3) parcels, only the NE¼NW¼ of Section 25, T10S, R6E, SLB&M is still on trust land, across which nine (9) poles were to have been installed. Agency staff has inspected the property and found no telephone line in place. Because the right of way has been abandoned, it should be terminated on Agency records. DA Date: 10/07/2019 Status: Approved by Xxxxx Xxx Department: Development Drafted By: Xxx, Xxxx ID: 3077 SOUTH JORDAN, UT 84095 Administrator: Xxxxxx, Xxxx County: Washington Total acres: 0.18 Start Date: 07/22/2019 Beneficiary: Miners Hospital Project Code: SUNCR 004 01 000 Project Name: Coral Canyon Commercial Improved LAND PARCELS (GIS Review of Description: 08/01/2019) T42S, R14W, SLB&M Section 5: PARCEL 4 OF CANYON GREENS COMMERCIAL CENTER - PHASE B 0.18 acres This parcel in the Coral Canyon Town Center is a small 0.18 acre commercial parcel, located directly north of the Town Center 1 office building. The parcel is a remnant of land left over after development of the building to the south and upgrade of the Town Center Park to the north by Cole West, the School and Institutional Trust Lands' ("XXXXX") development partner in Coral Canyon). XXXXX received an offer on this parcel of land.from Yodel Technologies, a software company to build a small corporate office. The initial offer was for $6.50 per square foot. An appraisal was obtained, which valued the parcel at $160,000.00 or approximately $20.00 per square foot. This sale is currently under a 120-day due diligence period. The sales price will be paid and a patent will be issued at closing. DA Date: 10/07/2019 Status: Approved by Xxxxx Xxx Department: Development
Appears in 1 contract
Samples: Relinquishment Agreement
