Section 1 Anchorage, Alaska, conveyance of reversionary interests
Definitions— In this section:
City— The term City means the Municipality of Anchorage, Alaska.
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:
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.
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.
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.
Secretary— The term Secretary means the Secretary of the Interior.
Conveyance of reversionary interests, Anchorage, Alaska—
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.
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.
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.