Uic Shareholder Homesite Lots Right Of First Refusal For Gift Deeds printable pdf download

UIC Shareholder Homesite Lots

Right of First Refusal for Gift Deeds

Ukpeagvik Inupiat Corporation retains the Right of First Refusal for all properties conveyed

through the UIC Shareholder Homesite Program. The Right of First Refusal continues with each

new grantee on the property. Gifting a property will require an approved Waiver of Right of

First Refusal.

The UIC Amended and Restated Land Use Policy (Aug. 2, 2013) defines how a gift deed is

conducted. Gifts conducted outside of these definitions will require additional scrutiny and

review.



“Gift” shall mean a conveyance of real property for no consideration or compensation.



“Voluntary” means the person does it out of their own free will without influence or

request.



“Gratuitous” means absolutely free without any promise to pay in the future or as an

exchange for payment or services in the past.



“Immediate Family” is defined as legal spouse, as well as the following relatives by

either blood or adoption: brother, sister, lineal ancestor or lineal descendant, niece, or

nephew.

The attached request form will need to be completed, signed and notarized and returned to the

UIC Lands Department. A signed and notarized Gift Deed must accompany your request form

to be deemed complete. We can assist you with typing up the Gift Deed document.

According to the UIC Shareholder Homesite Covenants, Conditions, and Restrictions (CCR),

Section 6 “Right of First Refusal”, it is the policy of UIC to have sixty (60) days to complete its

due diligence review to either accept or waive your offer. The sixty (60) day period does not

begin until UIC has received all applicable documents.

Please submit documents to the UIC Lands Department at P.O. Box 890, Barrow, Alaska 99723.

Scanned copies are acceptable and may be emailed to Miriam Aiken, Lands Technical Manager,

The property owner and/or proposed recipient will need to pay the recording fees that are

associated with the State of Alaska District Recorder’s Office recording fee schedule. The current

fees to record a Gift Deed (1‐page) and Waiver (1‐page) is $40.00 total.

If you have any questions, please contact our office at (907) 852‐4460. Thank you.

PO Box 890

Barrow, AK 99723

P 907.852.4460

F 907.852.4459

Corporate Headquarters |

Anchorage Office | 3201 C Street, Ste 801 |

Anchorage, AK 99503

| P 907.677.5201 |

F 907.677.5280

Updated April 11, 2016

Uic Shareholder Homesite Lots Right Of First Refusal For Gift Deeds