56 | 32 | | * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 4 |
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57 | 33 | | to read: 5 |
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58 | 34 | | APPROVAL OF THE TRANSFER OF REAL PROPERTY TO THE CITY OF 6 |
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59 | 35 | | NENANA. (a) The Alaska Railroad Corporation is authorized to convey the corporation's 7 |
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60 | 36 | | interest in the surface estate of approximately 188 acres of rail land, described as follows, to 8 |
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61 | 37 | | the City of Nenana for fair market value, subject to valid existing rights: 9 |
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62 | 38 | | (1) an approximately 170-acre portion of Lot 2, U.S. Survey No. 1138, within 10 |
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63 | 39 | | Sections 14 and 23 of Township 4 South, Range 8 West, Fairbanks Meridian, according to the 11 |
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64 | 40 | | plat of survey officially filed April 10, 1998; 12 |
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65 | 41 | | (2) lots 1 and 2 of Block 1, Lots 23 and 24 of Block 2, Lots 4 and 5 of Block 13 |
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68 | 46 | | South, Range 8 West, Fairbanks Meridian, according to the plat of survey approved 1 |
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69 | 47 | | February 3, 1917; 2 |
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70 | 48 | | (3) an approximately 14-acre portion of the Railroad Reserve Lot, U.S. Survey 3 |
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71 | 49 | | No. 1127, within Sections 13 and 14 of Township 4 South, Range 8 West, Fairbanks 4 |
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72 | 50 | | Meridian, according to the plat of survey approved February 3, 1917. 5 |
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73 | 51 | | (b) The legislature recognizes that the real property described in (a) of this section 6 |
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74 | 52 | | includes portions of existing lots, which are not currently discrete and separate parcels, and 7 |
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75 | 53 | | that surveying and platting actions necessary to convey the real property described in (a) of 8 |
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76 | 54 | | this section will change the legal description of the real property. It is the intent of the 9 |
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77 | 55 | | legislature that the land transfer approved in this Act include any land described by a 10 |
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78 | 56 | | modification to the legal description of the real property described in (a) of this section. The 11 |
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79 | 57 | | Alaska Railroad Corporation and the City of Nenana shall make and execute an agreement to 12 |
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80 | 58 | | conduct any necessary surveying and platting actions. 13 |
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81 | 59 | | (c) In consideration for the conveyance authorized in (a) of this section, the Alaska 14 |
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82 | 60 | | Railroad Corporation may accept cash equivalent to the fair market value of the land being 15 |
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83 | 61 | | conveyed. 16 |
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84 | 62 | | (d) This section constitutes legislative approval under AS 42.40.285(1) for the Alaska 17 |
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85 | 63 | | Railroad Corporation to convey its entire interest in the land described in (a) of this section. 18 |
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86 | 64 | | * Sec. 2. This Act takes effect immediately under AS 01.10.070(c). 19 |
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