U.S. DEPARTMENT OF THE INTERIORBUREAU OF LAND MANAGEMENT
 
Elko Field Office
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DATE: August 27, 2004
CONTACT: Mike Brown (775) 753-0386
e-mail: Mike_Brown@nv.blm.gov
ELKO FIELD OFFICE: 2004-55 

BLM LAND SALE/AUCTION SCHEDULED

Five parcels comprising 648 acres of BLM-administered public lands in Elko and Lander
Counties will be auctioned on September 15, 2004, 10:00 a.m., at the BLM Elko Field Office,
3900 East Idaho Street, Elko, Nevada 89801.
The parcels range in size from 40 acres to 250 acres and will be sold competitively to the
highest bidder. The minimum bid will begin at the appraised fair market value. No bids lower
than the appraised value will be accepted. Fair market values range from $90 per acre to about
$3500 per acre based on the individuals parcels.
People may bid on the parcels with either a sealed bid or attend the oral auction. To
submit a bid, people need to get a copy of the land sale booklet which contains the bid
instructions, maps of the parcels, legal descriptions, fair market valuations, list of encumbrances,
and the required Sale Bid & Certificate of Eligibility form.
Sealed bids will be accepted at the BLM Elko Field Office from now until the close of
business (4:30 p.m.) on September 8, 2004. A deposit of ten percent of the amount bid must
accompany the bid. Deposits will be refunded to unsuccessful bidders.
Registration for the oral auction will begin at 8:30 a.m. on September 15, 2004 and will
continue until 9:45 a.m. The oral auction of the five parcels will begin at 10:00 a.m. with the
opening price being the appraised fair market value or the amount bid by sealed bid, whichever
is higher.
Interested people are encouraged to get a copy of the land sale booklet and inspect the
parcels prior to the auction. The booklets are available at the BLM Elko Field Office, on the
internet at http://www.nv.blm.gov/Elko/nepa.htm, or contact Jason Allen at (775) 753-0235.
BLM Elko Field Office began meeting with local governments more than a year ago to
discuss plans for land sales.
“The Federal Land Policy and Management Act (FLPMA) provides for sale authority for
public lands that are uneconomic or difficult parcels to manage,” said BLM Elko Field Manager
Helen Hankins. “The lands have been identified for disposal in the BLM’s approved land use
plan. There has also been an increasing interest in selling federally managed land in Elko
County.”
The five parcels are also eligible under the Federal Land Transaction Facilitation Act of
2000 (FLTFA), commonly known as the “Baca Act”, which established a funding mechanism to
pay BLM’s administrative costs. When public land sales are conducted under FLFTA, the
proceeds from the sale of public lands in Nevada mostly stay in Nevada. A portion of the total
proceeds are paid to the Nevada state school fund. The remaining portion proceeds may be used
by BLM Nevada to fund sale activities or to purchase lands or interests in lands such as
conservation easements.

-blm-


 
Last updated: 03-14-2008