Section 1 Transfer of reversionary interest to certain land in Flagstaff, Arizona
Definitions— In this section:
City— The term City means the city of Flagstaff, Arizona.
City parcel— The term City parcel means the parcel of land conveyed to the City, that is located in the City, south of United States Route 66 and north of the relocated Burlington Northern and Santa Fe Railway Company right-of-way, as described in the deed recorded in Coconino County, Arizona, on October 6, 2014, as document number 3703647.
Railroad parcel— The term railroad parcel means the parcel of land conveyed to the Burlington Northern and Santa Fe Railway Company, as described in the deed recorded in Coconino County, Arizona, on June 2, 2006, as document number 3386576.
Transfer—
In general— On the request of the owners of the City parcel and the railroad parcel, any reversionary interest of the United States pursuant to the Act of July 27, 1866 (14 Stat. 292, chapter 278), in and to the City parcel shall be transferred to the railroad parcel.
Required documentation— The transfer of the reversionary interest under paragraph (1) shall be documented in an instrument that—
is suitable for recording in the records of Coconino County, Arizona;
is executed by the Burlington Northern and Santa Fe Railway Company and the City; and
references this Act and any prior instruments relating to the reversionary interest transferred.
Release— On transfer of the reversionary interest under paragraph (1), the City parcel shall no longer be subject to the reversionary interest described in that paragraph.