TRANSFER OF RAILROAD LAND TO WHITTIER, the official text

Enrolled HB 216 
 Approving the transfer of land owned by the Alaska Railroad Corporation to the City of 
 Whittier; and providing for an effective date. 
 _______________ 
 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 
 to read: 
 APPROVAL OF THE TRANSFER OF REAL PROPERTY TO THE CITY OF 
 WHITTIER. (a) The Alaska Railroad Corporation is authorized to convey the corporation's 
 interest in the surface estate of approximately 84.8 acres of rail land located within five areas 
 of interest within the City of Whittier to the City of Whittier for fair market value, subject to 
 valid existing rights. The five areas of interest are generally described as follows: 
 (1) approximately 0.8 acres located within Section 23 of Township 8 North, 
 Range 4 East, Seward Meridian that consists of a portion of Parcel B of U.S. Survey No. 
 2559, according to the plat of survey officially filed December 14, 1994, together with a 
 portion of Lot 8 of U.S. Survey 9008, according to the plat of survey officially filed

October 12, 1995; 
 (2) approximately 36 acres located within Section 23 of Township 8 North, 
 Range 4 East, Seward Meridian that consists of a portion of Lot 8 of U.S. Survey No. 9008, 
 according to the plat of survey officially filed October 12, 1995, together with a portion of 
 Parcel A of U.S. Survey No. 2559 according to the plat of survey officially filed 
 December 14, 1994, in the land records of the federal Bureau of Land Management, 
 Anchorage Field Office; 
 (3) approximately 10.2 acres located within Sections 13, 14, 23, and 24 of 
 Township 8 North, Range 4 East, Seward Meridian that consists of Parcels I, J, and H, 
 together with Lot 11 and a portion of Lot 8 of U.S. Survey No. 9008, according to the plat of 
 survey officially filed October 12, 1995, in the land records of the federal Bureau of Land 
 Management, Anchorage Field Office; 
 (4) approximately 22.3 acres located within Sections 14, 15, 22, and 23 of 
 Township 8 North, Range 4 East, Seward Meridian that consists of Lot 2, Lot 4, and a portion 
 of Lot 8 of U.S. Survey No. 9008, according to the plat of survey officially filed October 12, 
 1995, in the land records of the federal Bureau of Land Management, Anchorage Field Office; 
 (5) approximately 15.5 acres located within Section 15 of Township 8 North, 
 Range 4 East, Seward Meridian that consists of a portion of Lot 1, U.S. Survey No. 9008, 
 according to the plat of survey officially filed October 12, 1995, in the land records of the 
 federal Bureau of Land Management, Anchorage Field Office. 
 (b) The legislature recognizes that the real property in the areas of interest described 
 in (a) of this section includes portions of existing lots, which are not currently discrete and 
 separate parcels, and that surveying and platting actions necessary to convey the real property 
 in the areas of interest described in (a) of this section will change the legal description of the 
 real property. It is the intent of the legislature that the land transfer approved in this Act 
 include any land described by a reasonable modification to the legal description of the real 
 property described in (a) of this section to the extent that the transfer of that land is approved 
 by the board of directors of the Alaska Railroad Corporation under AS 42.40. The Alaska 
 Railroad Corporation and the City of Whittier shall make and execute an agreement to 
 conduct any necessary surveying and platting actions. 
 (c) In consideration for the conveyance authorized in (a) of this section, the Alaska

Railroad Corporation may accept cash equivalent to the fair market value of the land being 
 conveyed, conveyance of land of equivalent fair market value, or a combination of land and 
 cash sufficient to equalize the value of assets being exchanged. Land conveyed under this 
 section to the Alaska Railroad Corporation shall be held and managed by the Alaska Railroad 
 Corporation in accordance with AS 42.40. 
 (d) This section constitutes legislative approval under AS 42.40.285(1) for the Alaska 
 Railroad Corporation to convey its entire interest in the land described in (a) of this section. 
 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).