Pitkin County Land Exchange Act of 2005 - Directs the Secretary of Agriculture (the Secretary) and the Secretary of the Interior, upon receipt of title to certain lands located in Pitkin County, Colorado, and certain lands located on Smuggler Mountain in the County, to convey to the County or to the Aspen Valley Land Trust, if the County so requests, all right, title, and interest of the United States in and to certain National Forest and Bureau of Land Management lands located in the County.
Prohibits the conveyance of a specified parcel to the County unless and until specified conditions are met, including that the County grants to the Aspen Valley Land Trust, the Roaring Fork Conservancy, or to another entity mutually agreeable to the County and the Secretary of the Interior, a permanent conservation easement which provides public access to the parcel and limits future use of the parcel to recreational, fish, and wildlife conservation, and open space purposes.
States that lands acquired by the Secretary pursuant to this Act shall become part of White River National Forest.