A bill to remove reversionary clauses on property owned by the municipality of Anchorage, Alaska.

Bill: 114-s-3098
Sponsor: full_name: Sen. Sullivan, Dan [R-AK]
Introduced: 2016-06-23
Policy area: Public Lands and Natural Resources
Subjects: Alaska

Economic development

Land transfers
Latest action: action_date: 2016-06-23
text: Read twice and referred to the Committee on Energy and Natural Resources.

Summaries:
action_date: 2016-06-23
action_desc: Introduced in Senate
text: <p>This bill directs the Department of the Interior to convey, without consideration, to the Municipality of Anchorage, Alaska, the reversionary interests of the United States in and to specified nonfederal land in Anchorage for the purpose of unencumbering its title and enabling its economic development.</p>

tv_txt: II 114th CONGRESS 2d Session S. 3098 IN THE SENATE OF THE UNITED STATES June 23, 2016 Mr. Sullivan introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To remove reversionary clauses on property owned by the municipality of Anchorage, Alaska.

1. Anchorage, Alaska, conveyance of reversionary interests (a) Definitions In this section: (1) City The term City means the Municipality of Anchorage, Alaska. (2) Non-Federal land The term non-Federal land means certain parcels of land located in the City and owned by the City, which are more particularly described as follows: (A) Tracts 4 and 6, Tudor Municipal Campus, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 7.9 acres in Tract 4 and 19.8 acres in Tract 6, located along Dr. Martin Luther King Jr. Avenue. (B) Lot 18A Less W20′, Block 16, Original Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.16 acres, commonly known as Cottage 25, located at 646 West 3rd Avenue. (C) Lots 1, 2, and 3, Block K, North Addition #4 to Townsite of Anchorage, Anchorage Recording District, Third Judicial District, State of Alaska, consisting of approximately 0.482 acres, commonly known as Wireless Station located on Manor Avenue in Government Hill. (3) Secretary The term Secretary means the Secretary of the Interior. (b) Conveyance of reversionary interests, Anchorage, Alaska (1) 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. (2) 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. (3) Costs The City shall pay all costs associated with the conveyance under paragraph (1), including the costs of any surveys, recording costs, and other reasonable costs.