Board Discusses Valar Atomics Carbon County Land Lease
Utah School and Institutional Trust Lands Administration Board of Trustees | State of UtahState · Salt Lake City, UT- Disclosed value
- $400,000 upfront bonus; Years 1-5 rent of $30 per acre; Year 6 rent of $206.25 per acre; Year 7 rent of $418.75 per acre; Years 8-10 rent of $625 per acre; CPI-based increases beginning in Year 11
- From agendapacket
- Document date
- Aug 20, 2026
The 30-second brief
Trust Lands Administration discussed a proposed 50-year special-use lease with Valar Atomics Inc. for up to 640 acres in Carbon County. The proposal includes a $400,000 upfront bonus, phased per-acre rents, purchase options, and two possible 25-year extensions.
Valar Atomics Inc holds this contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah. Its other public contracts on record include work for Utah GOED Business Development Board | State of Utah.
Term as filed: 50-year initial term with two optional 25-year extensions.
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Contract details
- Amount
- $400,000 upfront bonus; Years 1-5 rent of $30 per acre; Year 6 rent of $206.25 per acre; Year 7 rent of $418.75 per acre; Years 8-10 rent of $625 per acre; CPI-based increases beginning in Year 11
- Document date
- August 20, 2026
- Term
- 50-year initial term with two optional 25-year extensions
- Vendor
- Valar Atomics Inc
- Source document
- Trust Lands Administration AgendaPacket Board Meeting Materials 2026-08-20 (AgendaPacket)
Valar Atomics Inc's other public contracts
More Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah contracts
Questions about this contract
Who was awarded the government contract by Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah?
Valar Atomics Inc was awarded this government contract by Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah, as recorded on August 20, 2026. The contract value is $400,000 upfront bonus; Years 1-5 rent of $30 per acre; Year 6 rent of $206.25 per acre; Year 7 rent of $418.75 per acre; Years 8-10 rent of $625 per acre; CPI-based increases beginning in Year 11.
How much is the Valar Atomics Inc contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah worth?
The Valar Atomics Inc contract with Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah is valued at $400,000 upfront bonus; Years 1-5 rent of $30 per acre; Year 6 rent of $206.25 per acre; Year 7 rent of $418.75 per acre; Years 8-10 rent of $625 per acre; CPI-based increases beginning in Year 11.
What type of contract is this?
This is a government contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Trust Lands Administration AgendaPacket Board Meeting Materials 2026-08-20 (AgendaPacket), dated August 20, 2026 from Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Valar Atomics Inc hold?
Valar Atomics Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah currently buying?
Explore Utah School and Institutional Trust Lands Administration Board of Trustees | State of Utah's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.