ANCHORAGE, ALASKA, CONVEYANCE OF REVERSIONARY INTERESTS.

SEC. 3082. 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) 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” 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.