Anchorage Land Conveyance Act of 2014

To provide for the unencumbering of title to non-Federal land owned by the city of Anchorage, Alaska, for purposes of economic development by conveyance of the Federal reversion interest to the City. 1. Short title This Act may be cited as the Anchorage Land Conveyance Act of 2013 2. Definitions In this Act: (1) City The term City (2) Non-federal land The term non-Federal land (A) Block 42, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 1.93 acres, commonly known as the Egan Center, Petrovich Park, and Old City Hall. (B) Lots 9, 10, and 11, Block 66, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.48 acres, commonly known as the parking lot at 7th Avenue and I Street. (C) Lot 13, Block 15, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.24 acres, an unimproved vacant lot located at H Street and Christensen Drive. (3) Secretary The term Secretary 3. Conveyance of reversionary interests, anchorage, alaska (a) In general Notwithstanding any other provision of law, the Secretary shall convey to the City, without consideration, the reversionary interests of the United States in and to the non-Federal land for the purpose of unencumbering the title to the non-Federal land to enable economic development of the non-Federal land. (b) Legal descriptions As soon as practicable after the date of enactment of this Act, the exact legal descriptions of the non-Federal land shall be determined in a manner satisfactory to the Secretary. (c) Additional terms and conditions The Secretary may require such additional terms and conditions to the conveyance under subsection (a) as the Secretary considers appropriate to protect the interests of the United States. (d) Costs The City shall pay all costs associated with the conveyance under subsection (a), including the costs of any surveys, recording costs, and other reasonable costs. 1. Short title This Act may be cited as the Anchorage Land Conveyance Act of 2014 2. Conveyance of Federal reversionary interest in land located in Anchorage, Alaska (a) Definitions In this section: (1) Municipality The term Municipality (2) Secretary The term Secretary (b) Conveyance required If, during the 1-year period beginning on the date of completion of the appraisal required by subsection (d), the Municipality submits to the Secretary an offer to acquire the Federal reversionary interest in all land described in subsection (c), the Secretary shall convey to the Municipality that reversionary interest by not later than 30 days after the date of receipt of the offer. (c) Description of land The land referred to in subsection (b) is described as follows: (1) Block 42, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 1.93 acres, commonly known as The Egan Center Petrovich Park Old City Hall (2) Lots 9, 10, and 11, Block 66, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.48 acres, commonly known as the parking lot at 7th Avenue and I Street (3) Lot 13, Block 15, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.24 acres of an unimproved vacant lot located at H Street and Christensen Drive. (d) Appraisal (1) In general Subject to paragraph (2), not later than 180 days after the date on which the Secretary selects an appraiser that is mutually acceptable to the Secretary and the Municipality under paragraph (2)(A), the Secretary shall complete an appraisal of the Federal reversionary interest in the land described in subsection (c). (2) Requirements The appraisal under paragraph (1) shall be— (A) conducted by an appraiser that is mutually acceptable to the Secretary and the Municipality; and (B) completed in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions and the Uniform Standards of Professional Appraisal Practice. (e) Consideration (1) In general As consideration for conveyance of the Federal reversionary interest under subsection (b), the Municipality shall pay to the Secretary an amount equal to the appraised value of the Federal reversionary interest, as determined by the appraisal under subsection (d). (2) Deadline The consideration under paragraph (1) shall be paid not later than 30 days after the date of the conveyance. (f) Costs of conveyance As a condition of the conveyance of the Federal reversionary interest under subsection (b), all costs associated with the conveyance, including the cost of the appraisal required by subsection (d), shall be paid by the Municipality. December 10, 2014 Reported with an amendment

Summary: Anchorage Land Conveyance Act of 2014 - Directs the Department of the Interior to convey to the municipality of Anchorage, Alaska, in response to its offer to acquire, the reversionary interests of the United States in 1.93-acre site known as the Egan Center, Petrovich Park, and Old City Hall; a 0.48 acre-site known as the parking lot at 7th Avenue and I Street; and a 0.24 acre-site of an unimproved vacant lot located at H Street and Christensen Drive. Requires the municipality to pay the appraised value of the federal reversionary interest and all costs associated with the conveyance.