assignment approval - ml 53555 mp - building stone …€¦ · 30/09/2019 · the production...

ASSIGNMENT APPROVAL - ML 53555 MP - BUILDING STONECoal & MineralStatus:09/30/2019 Approved by Kim Christy Department:DA Date:

Taylor, DorothyDrafted By: 3284ID:

CONTRACT DETAILSAdministrator: Bedingfield, Andrew County: Duchesne Total acres: 130.00

Start Date: 06/01/2017 Beneficiary: LEDA/Monument (PL105) 63.05 ac (48.50%);Management Fee 3.90 ac (3.00%);School 63.05 ac (48.50%)

Expiration Date: 05/31/2020

FINANCIAL/REVENUEAssignment fee of $50.00 paid by receipt check #1896.

SUMMARYA record title assignment is approved for 100% interest in this lease to Eskco, LLC, 14812 S. Castle Valley Dr., Bluffdale, UT84065 by 3rd Little Pig Construction, L.L.C. No override reserved. The Auditing Group has reviewed this assignment and foundno outstanding issues. These lands were obtained as part of the Escalante Grand Staircase Exchange and are subject to LandExchange Distribution Account ("LEDA"). LEDA provides that 48.5% of the funds go to the beneficiary (School Fund), 48.5% ofthe funds go to the State of Utah, and the School and Institutional Trust Lands Administration maintains a 3% management fee.

TYPE OF RECORD: APPROVAL

State of Utah School and Institutional Trust Lands Administration Page 1 of 1Form 2

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APPROVAL OF MP 640 - SAND & GRAVELCoal & MineralStatus:09/30/2019 Approved by David Ure Department:DA Date:

Bedingfield, AndrewDrafted By: 3263ID:

CONTRACT DETAILSName: HATLEY, DONALD W

Address: P.O. BOX 1487WENDOVER, UT 84083

Administrator: Bedingfield, Andrew County: Box Elder Total acres: 20.00

Beneficiary: School

LAND PARCELS (GIS Review of Description: 09/18/2019)T7N, R18W, SLB&M Section 16: N2SW4NE4 20.00 acres

BACKGROUNDThis sand and gravel pit is known as the Lucin Hill Pit. The material is historically used for road maintenance. This is an historicand on-going use of the subject lands. No additional lands will be disturbed. The lands have been pre-designated for sand andgravel sales on a non-competitive basis (PRED 517).

FINANCIAL/REVENUEThe lessee has paid the application fee of $250.00, and the $200.00 annual rent.

SUMMARYThis permit is approved for a term of one (1) year. The production royalty is $0.50 per bank cubic yard and the annual rental is$10.00 per acre.



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REINSTATEMENT - ML 53806 - BITUMINOUS SANDS / ASPHALTIC SANDSCoal & MineralStatus:09/30/2019 Approved by David Ure Department:DA Date:

Mansfield, JerryDrafted By: 3283ID:

CONTRACT DETAILSName: PETROTEQ ENERGY INC.

Address: 15165 VENTURA BLVD, STE 200SHERMAN OAKS, CA 91604

Administrator: Mansfield, Jerry County: Uintah Total acres: 833.03

Start Date: 06/01/2018 Beneficiary: School


LAND PARCELS (GIS Review of Description: 05/02/2018)T5S, R21E, SLB&M Section 23: LOTS 1(9.63), 2(38.14), 3(38.37), 6(40.00), 7(11.69), 8(13.27), 9(40.00),

10(40.00), 11(14.87), SW4NE4, W2SE4 [LOTS AKA E2E2, NW4NE4]365.97 acres

T5S, R21E, SLB&M Section 24: W2NW4, SE4NW4, SW4, W2SE4, SE4SE4 400.00 acres

T5S, R21E, SLB&M Section 25: LOTS 1(14.47), 7(16.67), 8(17.53), 11(18.39) [AKA FAR E2 OF E2E2] 67.06 acres

SUMMARYThis lease was cancelled in error on the Director's Actions of August 9, 2019 (ID #3123).



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REINSTATEMENT - ML 53177 - METALLIFEROUS MINERALSCoal & MineralStatus:09/30/2019 Approved by David Ure Department:DA Date:

Mansfield, JerryDrafted By: 3282ID:

CONTRACT DETAILSName: BROMIDE MINING LLC

Address: 80 SW 8TH STREETSUITE 2000MIAMI, FL 33130

Administrator: Mansfield, Jerry County: Garfield Total acres: 320.00



LAND PARCELS (GIS Review of Description: 04/02/2015)T31S, R11E, SLB&M Section 32: S2 320.00 acres

SUMMARYThis lease was cancelled in error on the Director's Actions of August 9, 2019 (ID #3123).



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ASSIGNMENT APPROVALS - EP ENERGY BY HOODOO MININGOil & GasStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT NAME BENE ACRESTYPECOUNTYML 53088 HOODOO MINING &

PRODUCTIONCOMPANY, LLC

SCH UINT O&G 280.00

ML 53735 OBA HOODOO MINING &PRODUCTIONCOMPANY, LLC

SCH UINT O&G 833.03


SCH UINT O&G 280.00


SCH UINT O&G 720.00


SCH UINT O&G 518.88


SCH UINT O&G 800.00


SCH UINT O&G 640.00


SCH UINT O&G 600.00


SCH UINT O&G 658.95


SCH UINT O&G 471.36

FINANCIAL/REVENUEAssignment fee of $75.00 per lease paid by receipt #SL114570 ($750.00).

SUMMARYRecord title and operating rights assignments are approved for 85% interest in the leases to EP Energy E&P Company, L.P.,1001 Louisiana Street, Suite 2400, Houston TX 77002, by Hoodoo Mining & Production Company, LLC. No override reserved,but subject to previously reserved overriding royalty of record. Effective June 1, 2004, the School and Institutional Trust LandsAdministration assumes no responsibility in reviewing, collecting, or distributing overriding royalty. See Utah AdministrativeCode R850-21-600(2)(h). The Auditing Group has reviewed this assignment and found no outstanding issues.



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ASSIGNMENT APPROVAL - EP ENERGY BY HOODOO MININGOil & GasStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT NAME BENE ACRESTYPECOUNTYML 53739 OBA HOODOO MINING &

PRODUCTIONCOMPANY, LLC

SCH UINT O&G 722.48


SCH UINT O&G 518.88

FINANCIAL/REVENUEAssignment fee of $75.00 per lease paid by receipt #SL114577.

SUMMARYA record title and operating rights assignment is approved for 83.000000% interest in the lease(s) to EP Energy E&P Company,L.P., 1001 Louisiana Street, Suite 2400, Houston, TX 77002, by Hoodoo Mining & Production Company, LLC. No overridingroyalty reserved, but subject to previously reserved overriding royalty of record. Effective June 1, 2004, the School andInstitutional Trust Lands Administration assumes no responsibility in reviewing, collecting, or distributing overriding royalty. SeeUtah Administrative Code R850-21-600(2)(h). The Auditing Group has reviewed this assignment and found no outstandingissues.



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AMENDMENT - ESMT 1706 - EASEMENTSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Bartlett, ScottDrafted By: 3275ID:

CONTRACT DETAILSName: FINLEY RESOURCES INC

Address: 1308 LAKE STREETFORT WORTH, TX 76102

Administrator: Bartlett, Scott County: Uintah Total acres: 6.26



LAND PARCELS (GIS Review of Description: 07/22/2019)T6S, R19E, SLB&M Section 36: W2W2 (WITHIN) 6.26 acres

BACKGROUNDThis easement was issued for a 30-year term, commencing July 1, 2012 and expiring June 30, 2042, for an access road andsurface 10-inch or less gas gathering pipeline. The easement contained approximately 6.26 acres.

NARRATIVEThe applicant has requested that the easement be amended to allow for an additional access road and an additional pipelinecorridor. The majority of the road and pipelines have already been constructed under mineral lease. Short segments will now beconstructed to connect the existing facilities to a proposed well on adjacent federal property. This easement is necessarybecause the facilities will now carry off-lease product. The pipeline corridor would contain up to four (4) lines (one (1), 12-inch orless natural gas pipeline; one (1), 8-inch or less water pipeline; one (1), 4-inch or less residue pipeline; and one (1), 8-inch orless fresh water/completion water pipeline). The gas and residue lines will be surface installed, and the water pipelines will beburied and installed at a later date if they become necessary. The additional access road easement is approximately 6,671.66feet long and 30 feet wide, containing approximately 4.60 acres. The additional pipeline corridor easement is approximately6,642.30 feet long and 30 feet wide, containing approximately 4.58 acres.

The project area has been surveyed for cultural resources by MOAC (U19MQ0192). No cultural resources were located on trustland. The amendment can be considered cleared for cultural resources with a finding of "No Historic Properties."

The project area was previously reviewed by the Resource Development Coordinating Committee ("RDCC") (see ESMT 1771).Comments were received as follows:

Uintah County(Applicant should) contact Uintah County's Community Development Department for the necessary County permits and theUintah County Road Department for permits and regulations when crossing County roads.

Utah Geological Survey Paleontology SectionAlthough there are no paleontological localities recorded in our files for this project area, the Eocene Duchesne River Formationthat is exposed here has the potential for yielding significant vertebrate fossil localities. The office of the State Paleontologisttherefore recommends that a paleontological survey be conducted for this project and its easements by a paleontologist with avalid permit.

The project area was surveyed for paleontological resources by Uinta Paleo (report dated June 3, 2019). Reportrecommendations are as follows:

If Tertiary bedrock of the Brennan Basin Member of the Duchesne River Formation is impacted during ground disturbance onthis project, it should be spot checked for fossil resources. The bedrock is sandstone and mudstone that may have a clayeysurface. If there is a dramatic color change, that should also be checked for fossils. If significant vertebrate fossils are


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AMENDMENT - ESMT 1706 - EASEMENT (Continued)encountered, work within a 20 ft radius should halt immediately. The project paleontologist, the appropriate land agent (BLM orSITLA), and the Finley representative should be notified immediately to evaluate the discovery and give recommendations formitigation (avoidance or recovery, preparation, and curation).

FINANCIAL/REVENUEThe applicant has submitted payment of $14,703.36 in easement rental and the $400.00 amendment fee.

SUMMARYAmendment to include an additional access road and pipeline corridor. All required fees and rental have been paid.



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COLLATERAL ASSIGNMENT APPROVAL GP 20140 09 GRAZING (STANDARD)SurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Hallows, EthanDrafted By: 3277ID:

CONTRACT DETAILSName: T. LAREN PROVOST

Address: PO BOX 173HEBER CITY, UT 840320173

Administrator: Hallows, Ethan County: Juab Total acres: 3,962.96



AUMs: 370.00

SUMMARYThe grazing permittee has requested permission to collaterally assign the above-referenced grazing permit to Utah IndependentBank, P.O. Box 1030, Beaver, UT 84713. The collateral assignment fee in the amount of $50.00 (SL 114588) was submitted.



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APPROVAL - ESMT 2280 - EASEMENTSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT DETAILSName: PACIFICORP DBA ROCKY MOUNTAIN POWER

Address: RIGHT OF WAY SERVICES1407 WEST NORTH TEMPLE, SUITE 110SALT LAKE CITY, UT 84116

Administrator: Bartlett, Scott County: Tooele Total acres: 63.52

Beneficiary: School

LAND PARCELS (GIS Review of Description: 07/29/2019)T1N, R8W, SLB&M Section 17: S2SE4 (WITHIN) 2.78 acres

T1N, R8W, SLB&M Section 22: S2SW4 (WITHIN) 2.51 acres

T1N, R8W, SLB&M Section 27: NE4NW4, NW4NE4, S2NE4 (WITHIN) 6.26 acres

T1S, R6W, SLB&M Section 30: E2SE4, LOTS 2 & 3 4.80 acres

T1S, R6W, SLB&M Section 32: NW4NW4, S2NW4, NE4SW4 (WITHIN) 6.04 acres

T1S, R7W, SLB&M Section 5: W2SE4, E2SW4, NW4SW4, SW4NW4 (WITHIN) 6.49 acres

T1S, R7W, SLB&M Section 6: LOTS 2 & 3, S2NE4 (WITHIN) 6.89 acres

T1S, R7W, SLB&M Section 9: E2SE4 (WITHIN) 2.63 acres

T1S, R7W, SLB&M Section 10: SW4SW4 (WITHIN) 0.95 acres

T1S, R7W, SLB&M Section 14: SW4SW4 (WITHIN) 1.69 acres

T1S, R7W, SLB&M Section 15: SW4NE4, E2NW4, NW4NW4, NE4SE4 (WITHIN) 6.53 acres

T1S, R7W, SLB&M Section 23: SE4NE4, NE4NW4 (WITHIN) 2.18 acres

T1S, R7W, SLB&M Section 24: SE4SW4, NW4SW4 (WITHIN) 1.19 acres

T1S, R7W, SLB&M Section 25: NW4NE4, NE4NW4 (WITHIN) 2.85 acres

T2S, R6W, SLB&M Section 5: LOT 2, SE4NE4 (WITHIN) 3.51 acres

T2S, R6W, SLB&M Section 9: W2SE4, NE4SW4, E2NW4 (WITHIN) 6.22 acres

BACKGROUNDOn July 12, 2019, the applicant submitted the subject application to purchase an easement for an existing power line.

The application was submitted for Trust review on July 17, 2019, and was accepted by the Director on August 9, 2019.

Because the proposed easement is for an existing facility, it is exempt from review by the Resource Development CoordinatingCommittee ("RDCC").

NARRATIVEThe applicant proposes to operate, repair and maintain an existing power line within the Grantsville and I-80 Blocks. Theexisting power line is known as the Grantsville-Marblehead 46kV transmission line and was originally authorized by ESMT 777(U-25608). The original easement will expire December 31, 2019, and the applicant has requested this replacement easement.The line is authorized by ROW 540 across other adjacent trust lands. The proposed easement is approximately 46,107.2 feetlong and 60 feet wide, containing approximately 63.52 acres. The requested term of the easement is perpetual, allowable uponpayment of a rental premium per a settlement agreement between the applicant and the Trust.


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APPROVAL - ESMT 2280 - EASEMENT (Continued)

The Trust's archaeology staff has reviewed the proposed easement. Because the proposed easement is for an existing facility,a cultural resource survey is not required.

FINANCIAL/REVENUEThe application fee of $750.00 and the easement rental assessment of $131,486.40 have been submitted.

SUMMARYThis non-exclusive easement is to operate, repair and maintain an existing power line. The term will be perpetual.



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APPROVAL OF SULA 1912 - INDUSTRIALSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Davis, JimDrafted By: 3278ID:

CONTRACT DETAILSName: A1 LITHIUM INC.

Address: 1108 EAST SOUTH UNION AVE.MIDVALE, UT 840472904

Administrator: Davis, Jim County: Grand Total acres: 13.75

Beneficiary: School

LAND PARCELS (GIS Review of Description: 08/07/2019)T26S, R20E, SLB&M Section 16: N2 (WITHIN) 13.75 acres

BACKGROUNDPROPOSED ACTION:The applicant desires to lease this land for the construction and operation of a plant that will extract lithium and other metalsfrom brine and for a disposal well to dispose of the spent brine. The brine will come from a well or wells on lands managed bythe Bureau of Land Management ("BLM").

RELEVANT FACTUAL BACKGROUND:The applicant, A1 Lithium, Inc., holds unpatented placer claims in the area. The applicant submitted an application to lease trustland on May 20, 2019.

NARRATIVEThe proposed lease was submitted to the Resource Development Coordination Committee ("RDCC"). Through that process,Utah State Parks expressed concerns about the impact of the proposed lease activities on visitors at Dead Horse Point StatePark. A1 Lithium met with State Parks, the School and Institutional Trust Lands Administration ("SITLA") and the Public LandsPolicy Coordinating Office. A1 Lithium addressed State Parks' concerns and has agreed to provide information to State Parks toshare with visitors who may have questions about the project. In accordance with R850-30-500-2(a) an advertisement was placed in the Moab Times Independent for three (3) consecutiveweeks soliciting competing applications. None were received. Notice of the proposed lease was also given to adjoininglandowners and lessees.

R850-30-400 requires that the Trust receive at least fair-market value for surface leases. The annual lease payment of$15,000.00 per year meets the fair-market value requirements established by rule. In addition to the annual rent, the lessee willpay $0.15 per barrel for water disposed of in the disposal well. The disposal fee is based on comparisons with other leases thatallow for water disposal.

The applicant requested a term of 30 years. This term is within the standard term for this type of lease as described in R850-30-200. The lease will be reviewed every five (5) years. As part of the lease reviews, the annual rent and disposal fees may beadjusted by either calculating adjustment of the Consumer Price Index ("CPI") or a fair market value determination based onappraisal or other comparisons.

FINANCIAL/REVENUEAPPLICATION FEE: $250.00 PROCESSING FEE: $700.00 ADVERTISING REIMBURSEMENT: $184.88 TOTAL SUBMITTED: $1,134.88

The above payments were receipted appropriately.


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APPROVAL OF SULA 1912 - INDUSTRIAL (Continued)

BONDING: The lease will have a minimum $15,000.00 reclamation bond in place to protect the Trust from various risks. Theterms of the lease allow the Trust to increase the bond amount if needed.

INSURANCE: The lease requires liability insurance coverage of not less than $2,500,000.00

SUMMARYThe lease has been approved for a term of 30 years. The beginning date will be determined when the contract is signed. Thecontract will be reviewed every five (5) years.

The annual rental for the first five years is $15,000.00 and there is a water disposal fee of $0.15 per barrel. A bond in theamount of $15,000.00 will be required.



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APPROVAL - RIP 816 - RANGE IMPROVEMENTSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Chamberlain, ScottDrafted By: 3280ID:

CONTRACT DETAILSName: UDWR (KENDALL BAGLEY)

Address: 1470 N. AIRPORT RDCEDAR CITY, UT 84720

Administrator: Chamberlain, Scott County: Sevier Total acres: 80.00

Beneficiary: Reservoirs

LAND PARCELS (GIS Review of Description: 08/28/2019)T25S, R1E, SLB&M Section 18: W2SE4 80.00 acres

BACKGROUNDREQUESTED/PROPOSED ACTION:The applicant proposes to aerially apply herbicide in order to thin sagebrush. RELEVANT FACTUAL BACKGROUND:The applicant submitted a proposal for this range improvement project on August 27, 2019. The applicant is doing the projectwith the assistance of the Bureau of Land Management ("BLM"). The project is exempt from Resource Development Coordinating Committee ("RDCC"). Because the project does not disturb any soil cultural clearance is not needed. A search of the Trust's records was made to determine the status of the areas involved. Contracts, leases, and permits in theproject areas are: GP 23151-16. Due to the nature of the project the grazing permit will not be affected.

NARRATIVEThis range improvement is in compliance with R850-50-1100(5)(a) and (b). The project does enhance the value of the resourcespursuant to R850-50-1100(5)(c).

FINANCIAL/REVENUEThe project cost on trust lands is valued at $5,200.00. Because the applicant is not the permittee of record, the project will notbe eligible for amortization. Note: the life of the project (the benefit) is 10 years.

SUMMARYRange improvement project RIP 816 is to thin sagebrush by applying herbicide.



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APPROVAL - RIP 813 - RANGE IMPROVEMENTSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Hallows, EthanDrafted By: 3236ID:

CONTRACT DETAILSName: BARBWIRE, LLC

Address: (STEVEN HUFFAKER)2121 SOUTH DESERET ROADWOODRUFF, UT 84086

Administrator: Hallows, Ethan County: Rich Total acres: 160.00

Beneficiary: School

LAND PARCELS (GIS Review of Description: 07/19/2019)T8N, R6E, SLB&M Section 16: NE4 160.00 acres

BACKGROUNDREQUESTED/PROPOSED ACTION:The applicant proposes to install a new pipeline and trough on trust lands. Water will be pumped to the trough through the newpipeline from an existing spring and pipeline. RELEVANT FACTUAL BACKGROUND:The applicant submitted a proposal for this range improvement project on July 8, 2019. The applicant is doing the project withthe assistance of the Grazing Improvement Program ("GIP") and the Watershed Restoration Initiative ("WRI"). The project was submitted to the Resource Development Coordinating Committee ("RDCC") (RDCC project #64703). Nocomments were received. The Trust's archaeological staff has verified that clearance was completed. A search of the Trust's records was made to determine the status of the areas involved. Contracts, leases, and permits in theproject areas are: GP 21894-17 and ML 53252. Due to the nature of the project the grazing permits will benefit from theproposed project.

NARRATIVEThis range improvement is in compliance with R850-50-1100(5)(a) and (b). The project does enhance the value of the resourcespursuant to R850-50-1100(5)(c).

FINANCIAL/REVENUEEstimated cost/value of the project is $8,417.00 with $1,041.66 being provided by the applicant and the remaining portionprovided by WRI and GIP. The applicant’s portion will be amortized as shown below. Following is a flat-rate amortizationschedule using the Natural Resources Conservation Service ("NRCS") schedule for this project, should the School andInstitutional Trust Lands Administration cancel the grazing permit before these improvements are fully amortized. If thepermittee sells or allows the permit to expire or to be canceled due to his own actions, then the amortization schedule will becanceled. Only the applicant’s contributions towards the associated project costs will be amortized.

PROJECT: Trough and pipelinePROJECT COST: $1,041.00PROJECT LIFE: 20 yearsYEAR COMPLETED: 2019YEARLY AMORTIZED DEDUCTION: $52.08YEAR FULLY AMORTIZED: 2039

SUMMARYState of Utah School and Institutional Trust Lands Administration Page 1 of 2Form 1

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APPROVAL - RIP 813 - RANGE IMPROVEMENT (Continued)Range improvement project RIP 813 is to install a pipeline and trough with the associated amortization schedule.



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ROE 6758 - RIGHT OF ENTRYSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Campbell, WendyDrafted By: 3273ID:

CONTRACT DETAILSName: NATHAN DOWNEY

Address: P.O. BOX 5800 MAIL STOP 0404ALBUQUERQUE, NM 871850404

Administrator: Torgerson, Ron County: Sanpete; Sevier Total acres: 15.00

Beneficiary: Normal School 2.00 ac (13.33%);Reservoirs 1.00 ac (6.67%);School 10.00 ac (66.66%);University of Utah 1.00 ac (6.67%);Utah State University 1.00 ac (6.67%)

LAND PARCELS (GIS Review of Description: 09/11/2019)T18S, R1W, SLB&M Section 26: NWSW (WITHIN) 1.00 acres

T19S, R1W, SLB&M Section 16: NESW (WITHIN) 1.00 acres

T19S, R1W, SLB&M Section 32: SESW (WITHIN) 1.00 acres

T20S, R1W, SLB&M Section 11: SESE (WITHIN) 1.00 acres

T20S, R1W, SLB&M Section 16: NESE (WITHIN) 1.00 acres

T20S, R1.5W, SLB&M Section 36: NENE (WITHIN) 1.00 acres

T21S, R1W, SLB&M Section 10: NESW (WITHIN) 1.00 acres

T22S, R2W, SLB&M Section 2: SWSW (WITHIN) 1.00 acres

T18S, R1E, SLB&M Section 32: SWNE (WITHIN) 1.00 acres

T19S, R2E, SLB&M Section 19: NWNW (WITHIN) 1.00 acres

T19S, R2E, SLB&M Section 36: SESW (WITHIN) 1.00 acres

T20S, R1E, SLB&M Section 22: NESW (WITHIN) 1.00 acres

T20S, R2E, SLB&M Section 20: NENW (WITHIN) 1.00 acres

T21S, R1E, SLB&M Section 16: SESE (WITHIN) 1.00 acres

T22S, R3E, SLB&M Section 16: NWSW (WITHIN) 1.00 acres

SUMMARYOn September 1, 2019, an application was received for a right-of-entry permit for seismometers and infrasound sensors with abeginning date of September 1, 2019 and an ending date of August 31, 2020. The rental assessment is $300.00, plus a $50.00application fee and a $50.00 processing fee.



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FIVE-YEAR REVIEW - SULA 1795 - RESIDENTIALSurfaceStatus:09/30/2019 Approved by Kim Christy Department:DA Date:

Torgerson, BryanDrafted By: 3270ID:

CONTRACT DETAILSName: TIMOTHY, BRAD

Address: PO BOX 584WELLINGTON, UT 84542

Administrator: Torgerson, Bryan County: Garfield Total acres: 10.00



LAND PARCELS (GIS Review of Description: 04/29/2014)T31S, R10E, SLB&M Section 36: N2NE4NW4NE4, SE4NE4NW4NE4, SW4NW4NE4NE4 10.00 acres

BACKGROUNDThe authorized use of the subject parcel is for one residential cabin site. The review date is October 1, 2019.

NARRATIVEDUE DILIGENCE AND PROPER USE:The development allowed by the lease has occurred. However, there was a old cabin associated with a previous lessee andgrazing permittee. At the request of Trust staff, the current lessee demolished and removed the old cabin and the property iscurrently vacant. The lessee plans to build a new cabin in the near future. 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 torequire additional bonding as may be in the best interest of the beneficiary. There is currently no bond in place, and it has beendetermined that amount is adequate for the current risks associated with the lessee’s current uses.

WATER RIGHTS AND WELLS:There are no Trust-owned water rights associated with this lease. However, there is a nearby spring which is associated withthe lease but the Trust hasn't yet filed an application for a new water right appropriation.

ENVIRONMENTAL COMPLIANCE:The property was inspected and reviewed for environmental compliance on August 21, 2019. The lease inspection indicated itwould be rated as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, orsolid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. Thecomplete environmental report is in the lease file.

FINANCIAL/REVENUEThe lease agreement provides for periodic increases in the annual base rental amount. Pursuant to the lease agreement, it isrecommended that the annual base rental be increased from $1,050.00 per year to $1,070.00 per year, effective October 1,2019.

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 beenestimated to be approximately $1,200.00 per acre. Based on this analysis, it has been determined that an appraisal is notwarranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or othermethods as provided for in the lease agreement. The existing lease is currently considered the highest and best use of a parcelof this type of land.


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FIVE-YEAR REVIEW - SULA 1795 - RESIDENTIAL (Continued)

SUMMARYThe annual rental has been increased from $1,050.00 to $1,070.00, effective October 1, 2019. The next five-year review will becompleted by October 1, 2024.



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FIVE-YEAR REVIEW - SULA 1791 - RESIDENTIALSurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:

Torgerson, BryanDrafted By: 3269ID:

CONTRACT DETAILSName: HUNT, TERRY W

Address: 107 E. 200 N.PO BOX 266LOA, UT 84747

Administrator: Torgerson, Bryan County: Garfield Total acres: 10.06



LAND PARCELS (GIS Review of Description: 02/26/2014)T32S, R10E, SLB&M Section 2: NW4NE4NE4 10.06 acres

BACKGROUNDThe authorized use of the subject parcel is for residential cabin sites and ancillary facilities. The review date is October 1, 2019.

NARRATIVEDUE 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 torequire additional bonding as may be in the best interest of the beneficiary. There is no bond currently in place, and it has beendetermined that amount is adequate for the current risks associated with the lessee’s current uses.

WATER RIGHTS AND WELLS:Water Right 95-5296 is associated with this lease. The water right is for .81 acre feet. It is current and in the name of the Trust. ENVIRONMENTAL COMPLIANCE:The property was inspected and reviewed for environmental compliance on August 21, 2019. The lease inspection indicated itwould be rated as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, orsolid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. Thecomplete environmental report is in the lease file.

FINANCIAL/REVENUEThe lease agreement provides for periodic increases in the annual base rental amount. Pursuant to the lease agreement, it isrecommended that the annual base rental be increased from $1,300.00 per year to $1,320.00 per year, effective October 1,2019.


After a preliminary analysis pursuant to Board policy, the value of comparable, unimproved properties in the area has beenestimated to be approximately $1,500.00 per acre. Based on this analysis, it has been determined that an appraisal is notwarranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or othermethods as provided for in the lease agreement. The existing lease is currently considered the highest and best use of a parcelof this type of land.


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FIVE-YEAR REVIEW - SULA 1791 - RESIDENTIAL (Continued)SUMMARYThe annual rental has been increased from $1,300.00 to $1,320.00, effective October 1, 2019. The next five-year review will becompleted by October 1, 2024.



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FIVE-YEAR REVIEW - SULA 646 - AGRICULTURESurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT DETAILSName: HOLT FARMS LLC

Address: 95 EAST MAIN STPO BOX 130ENTERPRISE, UT 84725

Administrator: Chamberlain, Scott County: Iron Total acres: 480.00



LAND PARCELS (GIS Review of Description: 09/10/2019)T35S, R17W, SLB&M Section 20: NW4 160.00 acres

T35S, R17W, SLB&M Section 20: SW4 160.00 acres

T35S, R18W, SLB&M Section 2: SE4 160.00 acres

BACKGROUNDThe authorized use of the subject parcel is irrigated crops. The review date is January 1, 2020.

NARRATIVEDUE 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 been asked to provide proof of adequate insurance coverage. The lease allows the Trust to require a bond atany time, or to require additional bonding as may be in the best interest of the beneficiary. There is no bond currently in placeand it has been determined that a bond is not required for the current risks associated with the lessee’s current uses.

WATER RIGHTS AND WELLS:There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE:The property was inspected and reviewed for environmental compliance on September 1, 2016. The lease inspection indicatedit would be rated as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, orsolid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. Thecomplete environmental report is in the lease file.

FINANCIAL/REVENUEThe lease agreement provides for periodic increases in the annual base rental amount. Pursuant to the lease agreement, it isrecommended that the annual base rental be increased from $3,690.00 per year to $4,130.00 per year, effective January 1,2020.


After a preliminary analysis pursuant to Board policy, the value of comparable, unimproved properties in the area has beenestimated to be approximately $425.00 per acre. Based on this analysis, it has been determined that an appraisal is notwarranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or othermethods as provided for in the lease agreement. The existing lease is currently considered the highest and best use of a parcel


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FIVE-YEAR REVIEW - SULA 646 - AGRICULTURE (Continued)of this type of land.

SUMMARYThe annual rental has been increased from $3,690.00 to $4,130.00, effective January 1, 2020. The next five-year review will becompleted by January 1, 2025.



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THREE-YEAR REVIEW - SULA 710 - AGRICULTURESurfaceStatus:09/30/2019 Approved by Kim Christy Department:DA Date:


CONTRACT DETAILSName: ROBERT HOLT FARMS INC

Address: PO BOX 130ENTERPRISE, UT 847250130

Administrator: Chamberlain, Scott County: Iron Total acres: 160.00



LAND PARCELS (GIS Review of Description: 09/10/2019)T35S, R18W, SLB&M Section 2: SW4 160.00 acres

BACKGROUNDThe authorized use of the subject parcel is growing irrigated crops. The review date is December 1, 2019.

NARRATIVEDUE 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 been asked to provided proof of adequate insurance coverage. The lease allows the Trust to require a bond atany time, or to require additional bonding as may be in the best interest of the beneficiary. There is not currently a bond in placeand it has been determined no bond is necessary for the current risks associated with the lessee’s current uses.

WATER RIGHTS AND WELLS:There are no Trust-owned water rights associated with this lease. ENVIRONMENTAL COMPLIANCE:The property was inspected and reviewed for environmental compliance on September 16, 2019. The lease inspection indicatedit would be rated as low risk. There is no evidence of underground petroleum storage tanks, stained soil, unauthorized uses, orsolid waste on the premises. All oil and gas containers are being properly stored. The site appears clean and orderly. Thecomplete environmental report is in the lease file.

FINANCIAL/REVENUEThe lease agreement provides for periodic increases in the annual base rental amount. Pursuant to the lease agreement, it isrecommended that the annual base rental be increased from $1,440.00 per year to $1,570.00 per year, effective December 1,2019.


After a preliminary analysis pursuant to Board policy, the value of comparable, unimproved properties in the area has beenestimated to be approximately $425.00 per acre. Based on this analysis, it has been determined that an appraisal is notwarranted, and that any rental increase should be tied to comparable lease rentals, published federal price indices, or othermethods as provided for in the lease agreement. The existing lease is currently considered the highest and best use of a parcelof this type of land.


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THREE-YEAR REVIEW - SULA 710 - AGRICULTURE (Continued)SUMMARYThe annual rental has been increased from $1,440.00 to $1,570.00, effective December 1, 2019. The next three-year review willbe completed by December 1, 2022.



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CORRECTION OF AGENCY RECORDS - ROW 1008 - RIGHT OF WAY (CONVEYANCE)SurfaceStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT DETAILSName: UTAH DEPARTMENT OF TRANSPORTATION (UDOT)

Address: 4501 SOUTH 2700 WESTSALT LAKE CITY, UT 84119

Administrator: Bartlett, Scott County: Sanpete Total acres: 2.38



LAND PARCELS (GIS Review of Description: 09/19/2019)T17S, R1W, SLB&M Section 26: SW4NW4 (WITHIN) 2.38 acres

BACKGROUNDThis right of way was issued to the State Road Commission of Utah, for an expressway, for the sum of $75.00 on October 18,1965.

NARRATIVEThis right of way has been considered as an easement to date, but all right, title and interest in and to the parcel of land thereindescribed were actually conveyed to the State Road Commission of Utah via quit claim deed.

The right of way has been assigned Quit Claim Deed No. 2018. The Trust's ownership and right-of-way contract records shouldbe corrected to reflect the conveyance of this parcel out of Trust ownership.

RESERVATIONS: Any and all water rights.

SUMMARYConveyance and correction of Trust records: lands conveyed to the State Road Commission of Utah via quit claim deedQCD002018, dated October 18, 1965, for the sum of $75.00.

TYPE OF RECORD: RECORD KEEPING


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LAND PARCELS (GIS Review of Description: 09/19/2019)T17S, R1W, SLB&M Section 22: SE4NE4, E2SE4 (WITHIN) 13.67 acres








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LAND PARCELS (GIS Review of Description: 09/19/2019)T17S, R1W, SLB&M Section 26: SE4SW4 (WITHIN) 2.66 acres








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APPROVAL OF ROE 6750 - DEVELOPMENT RIGHT OF ENTRY - ZION HELICOPTERDevelopmentStatus:09/30/2019 Approved by David Ure Department:DA Date:

Beal, JamyDrafted By: 3266ID:

CONTRACT DETAILSName: ZION HELICOPTERS LLC

Address: PO BOX 790352VIRGIN, UT 84779

Administrator: Langston, Aaron County: Washington Total acres: 3.56



Project Code: MISCE 000 00 000 000 Project Name: Miscellaneous Parcels

LAND PARCELS (GIS Review of Description: 08/01/2019)T41S, R11W, SLB&M Section 32: WITHIN N2NE4, NE4NW4 2.18 acres

T42S, R12W, SLB&M Section 2: WITHIN NE4NE4, SE4NW4 1.38 acres

FINANCIAL/REVENUEIn addition to the $350.00 application fee and $50.00 processing fee, the permittee will pay 3% of gross receipts or $5.00 perperson per day (whichever is greater) upon the completion of the race.

SUMMARYROE 6750 grants access to Zion Outback Safari, Inc. and Zion Helicopters LLC for the term of one (1) year for the followingauthorized activities:(a) using the designated areas for helicopter landing zones;(b) using existing roads and trails within the permitted property for motorized vehicle tours; and(c) using existing roads and trails within the permitted property to access property owned by one (1) or more permittee that isadjacent to the permitted property.



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APPROVAL OF ROE 6754 - DEVELOPMENT RIGHT OF ENTRY- EPIC ADVENTURERIDES

DevelopmentStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT DETAILSName: EPIC ADVENTURE RIDES, LLC

Address: PO BOX 410093BIG WATER, UT 84741

Administrator: Beal, Jamy County: Kane Total acres: 28.27



Project Code: BGWAT 000 00 000 Project Name: Big Water

LAND PARCELS (GIS Review of Description: 08/23/2019)T43S, R1E, SLB&M Section 24: WITHIN 0.45 acres

T43S, R1E, SLB&M Section 25: WITHIN 1.09 acres






















FINANCIAL/REVENUEIn addition to the $350.00 application fee and $50.00 processing fee, the permittee will pay 3% of gross receipts or $5.00 perperson per day (whichever is greater) upon the completion of the race.

SUMMARY


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APPROVAL OF ROE 6754 - DEVELOPMENT RIGHT OF ENTRY- EPIC ADVENTURERIDES

(Continued)

ROE 6754 grants access to Epic Adventure Rides LLC for the term of one (1) year for guided utility task vehicle ("UTV") andJeep 4X4 tours on existing roads and trails only in the Big Water area.



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APPROVAL OF ROE 6747 - DEVELOPMENT RIGHT OF ENTRY - RED BULL RAMPAGEDevelopmentStatus:09/30/2019 Approved by David Ure Department:DA Date:


CONTRACT DETAILSName: DRAGONFLI MEDIA TECHNOLOGIES

Address: 1435 S. STATE STREETSALT LAKE CITY, UT 84115

Administrator: Langston, Aaron County: Washington Total acres: 640.00



Project Code: MISCE 000 00 000 000 Project Name: Miscellaneous Parcels

LAND PARCELS (GIS Review of Description: 09/13/2019)T41S, R12W, SLB&M Section 36: ALL (WITHIN) 640.00 acres

FINANCIAL/REVENUEThe participant has paid the standard $400.00 right-of-entry fee. Instead of the usual reconciliation payment based on thenumber of participants, the grantee will pay a fixed fee of $12,211.68, on October 1, 2019.

SUMMARYROE 6747 grants access to Mountain Sports International dba Dragonfli Media Technologies from September 14, 2019 toNovember 15, 2019 for the purpose of hosting a mountain bike free riding event and film project. The entire event, will beconducted within trust lands.



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APPROVAL OF C 26848 - DEVELOPMENT SALE - MEADOW VALLEY LAST SALEDevelopmentStatus:09/30/2019 Approved by David Ure Department:DA Date:

Roe, AlanDrafted By: 3214ID:

CONTRACT DETAILSName: QUALITY DEVELOPMENT, LLC

Address: 113 EAST 200 NORTHSUITE 2ST. GEORGE, UT 84770

Administrator: Pasley, Kyle County: Washington Total acres: 64.44

Start Date: 09/11/2019 Beneficiary: School 59.87 ac (92.91%);University of Utah 4.57 ac (7.09%)

Patent Number: P-20633 Patent Date: 09/12/2019

Project Code: SOBLK 002 02 001 000 Project Name: Little Valley

LAND PARCELS (GIS Review of Description: 09/17/2019)T43S, R15W, SLB&M Section 11: DEVELOPABLE PARCEL 18.16 acres

T43S, R15W, SLB&M Section 11: UNDEVELOPABLE PARCEL 9.17 acres

T43S, R15W, SLB&M Section 14: UNDEVELOPABLE PARCEL 14.87 acres

T43S, R15W, SLB&M Section 15: WITHIN S2 AND S2NE4 22.24 acres

BACKGROUNDThe Board of Trustees approved a lease modification, which established this takedown price on January 9, 2013.

SUMMARYThe property is sold for the sum of $3,269,348.66, pursuant to the terms of Development Lease No. 874. The purchase price iscalculated as follows: 38.233 acres of developable land multiplied by $81,195.56 per acre, resulting in payment of$3,104,349.85 for developable land. The remaining portion of the purchase price is calculated as follows: 26.207 acresmultiplied by $5,970.26 per acre, resulting in a payment of $156,462.60 for open space land. In addition, the purchaser paid TheSchool and Institutional Trust Lands Administration a reimbursement of $8,536.21 for payments made to the WashingtonCounty Water Conservancy.



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SUBDIVISION LOT SALE - SUBD 55 - LOT B122DevelopmentStatus:09/30/2019 Approved by David Ure Department:DA Date:

Roe, AlanDrafted By: 3267ID:

CONTRACT DETAILSName: IVORY HOMES LTD.

Address: ATTN. EAGLE MTN PROJECT978 EAST WOODOAK LANESALT LAKE CITY, UT 84117

Administrator: Erler, Elise County: Utah Total acres: 20.24

Beneficiary: School

Project Code: EGLMT 003 00 000 000 Project Name: Eagle Mountain / Mid Valley

Developer: Ivory Homes, Ltd. Subdivision: Overland Phase "B", Plat 1

SUBDIVISION LOCATION (GIS Review of Description: 07/19/2018)T5S, R2W, SLB&M Section 36: WITHIN PARCEL 36-E ACCORDING TO LOCAL SURVEY 118 20.24 acres

LOTS SOLDLOT B122 0.21 acres Certificate of Sale: C-26634-55-B122 Patent: P-20391-55-B122

Beneficiary: School Certificate Date: 09/20/2019 Patent Date: 01/16/2019

Lot Price: $4,963.40 Fees: $0.00

NARRATIVEThis transaction has been executed pursuant to Development Lease DEVL 1074, which allows the lessee to build and sellhomes, and sell parcels for related purposes, on the lease premises. The Board of Trustees approved this lease on November19, 2015. At the sale of each home to a third-party purchaser, the lessee will pay the School and Institutional Trust LandsAdministration ("SITLA") 4% of the gross sales price for every home. The percentage will increase by two (2) percentage pointsevery three (3) years, for the first time in 2020, until it reaches 12% in 2029. It will remain at 12% for the remainder of the term ofthe lease. The lot price includes a credit to the lessee for water rights needed to develop the lot.

SUMMARYLot B122 has been sold.



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INTEREST RATEAccountingStatus:09/30/2019 Approved by David Ure Department:DA Date:

Babinsky, MichaelDrafted By: 3286ID:

FINANCIAL/REVENUEFollowing are the current and past year prime rates:

CURRENT YEAR: 5.00% ONE YEAR AGO: 5.00%

Separately, a late penalty of 6% or $30.00, whichever is greater, shall be charged after failure to pay any financial obligation,excluding royalties as provided in R850-5-300(2), within the time limit under which such payment is due.

Interest on delinquent royalties shall be based on the prime rate of interest at the beginning of each month, plus 4%.



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