Sample Document
This sample deed was designed to be used with Example #2 from Chapter Six of the Alaska Municipal Land Management Handbook for the disposal of municipal land for residential development.
QUITCLAIM DEED
THE GRANTOR, City of ______, a municipal corporation in the State of Alaska, pursuant to authorization of Ordinance ______approved by the City Council on ______, 20____, for the sum of ______and other valuable consideration, conveys and quitclaims to ______, all interest which it has, if any, in the following described property:
In the event the property described herein is not used for residential purposes for a period of
______years following the date on this deed, the title to this property and the improvements thereon shall revert to the City of ______at the City’s option.
The GRANTEE shall build, within ______years of the date of this deed, a dwelling of at least ______square feet upon the real property described herein. Furthermore, the GRANTEE shall also live within this dwelling. If these conditions are not met, the title to this property and the improvements thereon shall revert to the City of ______.
This transfer is subject to all valid existing rights, including easements, rights-of-way, reservations, or other interests in land, in existence on the date of transfer.
Dated: CITY OF ______
______
Mayor
STATE OF ALASKA )
)ss
______Judicial District. )
THIS IS TO CERTIFY that on this _____day of ______20____ before me the undersigned a Notary Public for the State of Alaska personally appeared ______known to me to be the Mayor for the City of ______, and executed the foregoing document upon acknowledging that his act was duly authorized by ordinance of the City Council for the City of ______.
WITNESS my hand and official seal this _____day of ______20 ____ at ______, Alaska.
______
NOTARY PUBLIC FOR ALASKA
My Commission Expires: ______