[Congressional Record Volume 153, Number 89 (Tuesday, June 5, 2007)]
[Senate]
[Pages S7076-S7077]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Ms. MURKOWSKI:
  S. 1552. A bill to authorize the Administrator of General Services to 
convey a parcel of real property to the Alaska Railroad Corporation; to 
the Committee on Environment and Public Works.
  Ms. MURKOWSKI. Mr. President, today I am introducing a bill that will 
authorize the Administrator of General Services to convey a parcel of 
real property to the Alaska Railroad Corporation. This parcel of land 
is used by GSA for a fleet management center at 2nd and Christensen 
avenue in downtown Anchorage. The site is approximately 78,000 sq. feet 
and is surrounded on two sides by Alaska Railroad property. This 
property was owned by the Alaska Railroad during the period of Federal 
ownership and was leased to the General Services administration. At the 
time the railroad was transferred from Federal to State ownership, the 
parcel of land where the fleet center is located was successfully 
obtained by GSA for its motor pool function due to its close proximity 
to downtown Anchorage and other Federal agencies.
  This parcel of land is a key transportation component for the 
redevelopment of Ship Creek. Allowing the Alaska Railroad to get the 
property back, either through a land exchange or fair market purchase, 
will allow the Railroad to make additional improvements in the area. 
GSA has indicated a desire

[[Page S7077]]

to move from its present location to a location closer to the military 
bases in Anchorage as most of their business has become the management 
of a motor pool for the bases.
  As consideration for the property, the administrator shall require 
the AKRR Corporation to either convey a replacement facility to GSA or 
pay the fair market value of the property based on the highest and best 
use as determined by an independent appraisal commissioned by the 
administrator and paid for by the Alaska Railroad Corporation. All 
proceeds derived from any payment for the property shall be deposited 
in the Federal buildings fund.
  The GSA supports this legislation to expedite their move from the 
present location to one that will allow them to better serve the 
military bases.
  I ask unanimous consent that the text of the bill be printed in the 
Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 1552

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. CONVEYANCE OF GSA FLEET MANAGEMENT CENTER TO 
                   ALASKA RAILROAD CORPORATION.

       (a) In General.--Subject to the requirements of this 
     section, the Administrator of General Services shall convey, 
     not later than 2 years after the date of enactment of this 
     Act, by quitclaim deed, to the Alaska Railroad Corporation, 
     an entity of the State of Alaska (in this section referred to 
     as the ``Corporation''), all right, title, and interest of 
     the United States in and to the parcel of real property 
     described in subsection (b), known as the GSA Fleet 
     Management Center.
       (b) GSA Fleet Management Center.--The parcel to be conveyed 
     under subsection (a) is the parcel located at the 
     intersection of 2nd Avenue and Christensen Avenue in 
     Anchorage, Alaska, consisting of approximately 78,000 square 
     feet of land and the improvements thereon.
       (c) Consideration.--
       (1) In general.--As consideration for the parcel to be 
     conveyed under subsection (a), the Administrator shall 
     require the Corporation to--
       (A) convey replacement property in accordance with 
     paragraph (2); or
       (B) pay the purchase price for the parcel in accordance 
     with paragraph (3).
       (2) Replacement property.--If the Administrator requires 
     the Corporation to provide consideration under paragraph 
     (1)(A), the Corporation shall--
       (A) convey, and pay the cost of conveying, to the United 
     States, acting by and through the Administrator, fee simple 
     title to real property, including a building, that the 
     Administrator determines to be suitable as a replacement 
     facility for the parcel to be conveyed under subsection (a); 
     and
       (B) provide such other consideration as the Administrator 
     and the Corporation may agree, including payment of the costs 
     of relocating the occupants vacating the parcel to be 
     conveyed under subsection (a).
       (3) Purchase price.--If the Administrator requires the 
     Corporation to provide consideration under paragraph (1)(B), 
     the Corporation shall pay to the Administrator the fair 
     market value of the parcel to be conveyed under subsection 
     (a) based on its highest and best use as determined by an 
     independent appraisal commissioned by the Administrator and 
     paid for by the Corporation.
       (d) Appraisal.--In the case of an appraisal under 
     subsection (c)(3)--
       (1) the appraisal shall be performed by an appraiser 
     mutually acceptable to the Administrator and the Corporation; 
     and
       (2) the assumptions, scope of work, and other terms and 
     conditions related to the appraisal assignment shall be 
     mutually acceptable to the Administrator and the Corporation.
       (e) Proceeds.--
       (1) Deposit.--Any proceeds received under subsection (c) 
     shall be paid into the Federal Buildings Fund established 
     under section 592 of title 40, United States Code.
       (2) Expenditure.--Amounts paid into the Federal Buildings 
     Fund under paragraph (1) shall be available to the 
     Administrator upon deposit for expenditure for any lawful 
     purpose consistent with existing authorities granted to the 
     Administrator; except that the Administrator shall provide to 
     the Committee on Transportation and Infrastructure of the 
     House of Representatives and the Committee on Environment and 
     Public Works of the Senate 30 days advance written notice of 
     any expenditure of the proceeds.
       (f) Additional Terms and Conditions.--The Administrator may 
     require such additional terms and conditions to the 
     conveyance under subsection (a) as the Administrator 
     considers appropriate to protect the interests of the United 
     States.
       (g) Description of Property and Survey.--The exact acreage 
     and legal description of the parcels to be conveyed under 
     subsections (a) and (c)(2) shall be determined by surveys 
     satisfactory to the Administrator and the Corporation.

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