(Editor’s note: News releases are published unedited, unless they contain factual errors.)
PHOENIX – Three parcels totaling about 186 acres of State Trust Land will be auctioned by the Arizona State Land Department (ASLD) in early December, State Land Commissioner Lisa A. Atkins said today.
If all three are successfully auctioned, the appraised value of at least $28,815,000 would be invested in the State’s Permanent Land Endowment Trust Fund for the benefit of K-12 public education, Commissioner Atkins said.
Each of the three auctions is open to the public and will be held at 11 a.m. in the ASLD basement auditorium, 1616 W. Adams St., Phoenix.
The subject parcels, their auction dates and descriptions are as follows:
A parcel consisting of about 140 acres at the southwest corner of Dove Valley Road and Paloma Parkway in Phoenix will be auctioned on Tuesday, Dec. 4. The minimum bid for the subject parcel will be $22.575 million, its appraised value.
A parcel consisting of about 6 acres east of Butterfield Trail and south of State Route 85 in Gila Bend will be auctioned on Wednesday, Dec. 5. The minimum bid on the subject parcel will be its appraised value of $900,000.
A parcel consisting of about 40 acres west of the southwest corner of McKellips and Hawes roads, north of Loop 202, in Mesa, will be auctioned on Thursday, Dec. 6. The minimum bid on the subject parcel will be its appraised value of $5.34 million.
Official notices for each auction containing bidding information, as well as a schedule of upcoming auctions, is available at www.azland.gov/upcoming-auctions.
About State Trust land and auctions
K-12 public education is by far the largest of 13 Beneficiaries of Trust land managed by the Arizona State Land Department, whose mission since 1915 is to manage the assets of a multi-generational perpetual trust in alignment with the interests of the Beneficiaries and Arizona’s future.
All uses of the land and resources held in the Trust must benefit the Trust, a fact that distinguishes it from the way public land, such as parks or national forests, may be used or managed. While public use of Trust land is not prohibited, it is regulated to ensure protection of the land and its resources and compensation to the Beneficiaries for its use. Today the Arizona State Land Department pro-actively manages more than 9.2 million acres of Trust land, which is 13 percent of the land within the State of Arizona.