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20.12.010 Methods of real property acquisition.
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A. The primary methods the Borough may use to acquire lands or improvements inside or outside the Borough boundaries are:

1. Negotiated purchase or lease; each lease shall incorporate or is deemed to have incorporated the following clause: “Unless the Assembly by resolution provides otherwise, this lease shall automatically terminate without penalty on June 30th of any year during which the Fairbanks North Star Borough Assembly fails to appropriate funds sufficient to make the lease payments on the leased property for the following fiscal year”;

2. Negotiated exchange involving Borough land;

3. Dedication, grant or gift;

4. Deed in full or partial satisfaction or settlement of a debt owed to the Borough, legal action with the Borough, or judgment in favor of the Borough; and

5. Exercise of the powers of eminent domain and declaration of taking in accordance with AS 29.35 and FNSBC 20.12.050.

B. This section does not prohibit the Borough from acquiring lands or improvements by any other lawful means. (Ord. 2016-40 § 101, 2016; Ord. 2005-67 § 2, 2005; Ord. 86-056 § 2, 1986. 2004 Code § 25.05.010.)