For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ABSTRACT OF TITLE. A condensed history of the title to land together with a statement of all liens, charges, or liabilities to which the land may be subject.
APPRAISAL. An estimation of value of property by a qualified appraiser.
CASUAL USE. The temporary, safe, non-exclusive and nonsurface-disturbing use of city land includes but is not limited to such uses as: hiking, hunting, fishing, short term camping, picnicking, skiing, snow-machining or berry picking.
CITY BOUNDARIES. The city limits, established when the city is incorporated, inside which all city ordinances are enforceable.
COMPETITIVE DISPOSAL. A disposal of property wherein no preference is shown to any prospective bidder or group of bidders.
CONDITION SUBSEQUENT. An event that occurs after transfer of title which will act to restore title to the maker of the condition.
CONTRACT OF SALE. A contract between a willing seller and a willing buyer to transfer title to property.
DEED OF TRUST. An instrument, taking the place and serving the uses of a mortgage, by which legal title to real property is placed in a trust, to secure the repayment of a sum of money of the performance of other conditions.
DISPOSAL. The act of giving away or selling; the transfer of interest in property.
DISPUTED CLAIMS. Claim for property that is protested by another, or for property which is also claimed by another.
DOMICILED RESIDENT. One who has resided in the city for at least the 30 days previous, maintains an address in the city, and intends to make the city his/her permanent residence.
EASEMENT. A right or privilege in another's land, such as the right to cross for a specific purpose. EASEMENTS allow passage across real property without granting any other ownership rights in that property.
ECONOMIC DEVELOPMENT. To promote the growth of the local economy; increase income of residents.
EMINENT DOMAIN. The power of a municipality to convert private property to a public use.
EQUITABLE INTEREST. A claim (in property or other) which should be recognized in the interest of fairness or equity.
EVALUATE. To judge the quality of.
FEDERAL ENTITY. The federal government or an agency thereof.
HAZARDOUS USE. A use involving danger; perilous; risky to human health and well-being.
INTEREST. In property: a right, claim, title, or legal share in that property. Refers to the "bundle of rights," which may be transferred or conveyed separately or in total. Methods of transfer include deed, lease, or easement.
INVENTORY. A list of property, containing a description of each article or property.
LEASE. LEASES are used to dispose of specific interests in real property without transferring ownership of that property; a contract for exclusive possession of lands or tenements for a determinate period.
LEGAL DESCRIPTION. That part of a conveyance document which identifies the land or premises intended to be affected by that conveyance.
LITIGATION. Contest in a court of justice for the purpose of establishing a right.
LOTTERY. A plan whereby the right to obtain interest in property, either by purchase of gift, is decided by luck or chance through some type of drawing of names.
MUNICIPALITY. A unit of local government organized under the laws of the State of Alaska.
NON-CODE ORDINANCE. An ordinance that is not part of the permanent city code.
NON-PROFIT CORPORATION. An organization formed under the laws of the State of Alaska not to obtain a profit, but to supply an essential service to its constituents.
OBNOXIOUS USE. A use which people may find objectionable; disagreeable; offensive; displeasing.
PUBLIC INTEREST. Something in which the public, the community at large, has some pecuniary interest (have to do with money), or some interest by which their legal rights or liabilities are affected.
PUBLIC OUTCRY AUCTION. Sale of property to the highest bidder, at a public auction, where each prospective buyer has the right to enter successive bids until a price is reached at which no higher subsequent bid is made.
PUBLIC SERVICE. Activities and enterprises which specially serve the needs of the general public.
REFERENDUM. A method of submitting an important measure to the direct vote of the whole people.
REVERT. With respect to property, title to go back to and lodge in former owner.
SEALED BID. A written offer purchase property, placed in an envelope, and opened along with all other bids (if any) at a public bid opening.
STATE. The state of Alaska or an agency thereof.
SUBSTANTIAL IMPROVEMENT. A major change or addition to land or real property that makes it more valuable.
TEMPORARY USES. An exclusive use of city land which has a duration of one year or less, involves minimal disturbance to the land, and does not allow permanent structures or improvements.
VALID CLAIM. A legally enforceable claim by a third party.
Ord. 2019-01, passed 3-12-19)