(A) The city may acquire, own and hold real property by warranty or quitclaim deed, easement, grant, permit, license deed of trust, mortgage contract of sale of real property, plat dedication, lease, tax deed, will, or any other lawful method or mode of conveyance or grant. Real property shall be held in the name of “The City of Unalaska.” Any conveyance document, other than a plat in which a property owner other than the city dedicates an easement or right-of-way to the city or to the public, requiring execution by the city shall be signed by the City Manager and attested by the City Clerk or notarized by any notary commissioned in Alaska.
(B) Except as set forth in subsection (C) below, all acquisitions of any interest in real property shall be approved by the City Council by resolution. The resolution shall set forth the terms, conditions and manner of acquisition.
(C) Council approval is not required to acquire any easement, permit, license, or other interest in real property dedicated to the public's use through the platting action.
(D) Prior to approval of any acquisition of real property for which City Council approval is required, the City Manager is to furnish the City Council with an abstract of title, the value assessed by the city tax assessor, or other appraisal of the real property. The failure to furnish the Council any such material shall not affect the validity of any acquisition or purchase of real property.
(E) Unless otherwise provided by Council, the city shall purchase marketable title. Unless otherwise provided by ordinance or resolution, upon Council approval of an acquisition, the City Manager is authorized to obtain title insurance, to execute any instruments necessary to complete the acquisition.