Pennsylvania Act 1992-63 — CONVEYANCE - COMMONWEALTH PROPERTY IN LACKAWANNA COUNTY

Act text

CONVEYANCE - COMMONWEALTH PROPERTY IN LACKAWANNA COUNTY
                  Act of Jun. 25, 1992, P.L. 320, No. 63              Cl. 85
                                  AN ACT

     Authorizing the Department of Transportation, with the approval
        of the Governor, to sell and convey to the Borough of
        Olyphant certain land situate in the Borough of Olyphant,
        Lackawanna County.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

     Section 1.  Conveyance authorization.
        The Department of Transportation, with the approval of the
     Governor, is hereby authorized and directed on behalf of the
     Commonwealth of Pennsylvania to grant, sell and convey to the
     Borough of Olyphant for consideration equal to one-half the fair
     market value as determined by an independent appraiser appointed
     by the Department of Transportation the tract of land described
     in section 2.
     Section 2.  Property description.
        The property to be conveyed pursuant to section 1 is the
     following tract of land situate in the Borough of Olyphant,
     Lackawanna County, Pennsylvania, bounded and described as
     follows:
        Beginning at an iron pin corner on the southwesterly right-
     of-way line of State Route 0347, said corner being the common
     corner of land of Pawnee Pants Manufacturing Company and land of
     Pennsylvania Department of Transportation; thence along the
     division line of said land south 48 degrees 30 minutes west a
     distance of 140 feet to an iron pin corner; thence south 87
     degrees 19 minutes 36 seconds west a distance of 4.91 feet to a
     corner of a two-story block warehouse; thence along said
     warehouse south 54 degrees 40 minutes 8 seconds west a distance
     of 25.09 feet to a point; thence along said warehouse south 46
     degrees 8 minutes 21 seconds west a distance of 61.27 feet to a
     corner; thence along the back of said warehouse north 41 degrees
     42 minutes 23 seconds west a distance of 30.21 feet to an iron
     pin corner on the southerly bank of the Lackawanna River; thence
     along the bank of said river north 33 degrees 31 minutes 47
     seconds east a distance of 89.68 feet to a wood stake corner;
     thence along bank of said river north 50 degrees 4 minutes 38
     seconds east a distance of 114.03 feet to a drill hole; thence
     south 39 degrees 37 minutes 51 seconds east a distance of 8.69
     feet to an iron pin; thence north 66 degrees 34 minutes 2
     seconds east a distance of 31.61 feet to an iron pin corner on
     the southwesterly right-of-way line of State Route 0347; thence
     along said right-of-way line south 41 degrees east a distance of
     35 feet to an iron pin corner, the place of beginning.
        Containing 10,963 square feet, more or less.
     Section 3.  Easements, etc.
        The conveyance shall be made under and subject to all
     easements, servitudes and rights of others, including, but not
     confined to, streets, roadways and rights of any telephone,
     telegraph, water, electric, sewer, gas or pipeline companies, as
     well as under and subject to any interest, estates or tenancies
     vested in third persons, whether or not appearing of record, for
     any portion of the land or improvements erected thereon.
     Section 4.  Deposit of proceeds.
        The proceeds of this sale shall be paid into the State
     Treasury and deposited in the Motor License Fund.
     Section 5.  Reversion.
        The deed of conveyance shall contain a provision that if the
     grantee or its successors or assigns fail to use the land
     described in section 2 for municipal purposes the title to the
     land shall immediately revert to the Department of
     Transportation.
     Section 6.  Approval and execution of deed.
        The deed of conveyance shall be approved as provided by law
     and shall be executed by the Secretary of Transportation in the
     name of the Commonwealth of Pennsylvania.
     Section 7.  Costs and fees.
        Costs and fees incidental to the conveyance shall be borne by
     the grantee.
     Section 8.  Effective date.
        This act shall take effect immediately.