Section 7. (a) The Department of General Services, with the approval of the Governor, is hereby authorized and directed on behalf of the Commonwealth of Pennsylvania to grant and convey to the Potter County Housing and Redevelopment Authority, for a consideration of one-half of the fair market value less the cost of improvements made as lessee as reviewed and approved by the Department of General Services, the following tract of land situate in the First Ward, Borough of Coudersport, Potter County, Pennsylvania, bounded and described as follows:
Beginning at a stake corner, said corner is the northeast corner of the parcel of land herein described; said corner is the intersection of the south right-of-way line of Seventh Street with the west easement line of the Coudersport Flood Control on the Allegheny River; thence along the west easement line of the Coudersport Flood Control Project; said easement line being 10 feet from the top inside edge of the west concrete retaining wall on the bank of the Allegheny River, south 1 degree 7 minutes west 100.6 feet to a stake corner, said corner being a common corner with that of land belonging to Harold Bradley; thence along the line of Harold Bradley, of which this parcel is a part, north 82 degrees 30 minutes west 141.1 feet to a stake corner, said corner being on the line of land belonging to Mrs. Kathryn Ives; thence along the land of Mrs. Kathryn Ives, north 7 degrees 30 minutes east 100 feet to a stake corner, said corner is a common corner with that of land belonging to Mrs. Kathryn Ives, said corner is on the south right-of-way line of Seventh Street, said right-of-way line being 33 feet from the center line thereof; thence along the south right-of-way line of Seventh Street, south 82 degrees 30 minutes east 129.9 feet to the place of beginning.
Containing 0.31 acres more or less.
Being part of the same premises which Monroe L. Peffer, his wife and others by deed dated December 27, 1947, recorded in Potter County Deed Book 140 at Page 45, granted and conveyed to Harold H. Bradley and Ethel, his wife.
(b) This 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 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.
(c) The land and buildings shall only be used for county housing and redevelopment purposes and, if at any time the property is used for other purposes, the title thereto shall immediately revert to and revest in the Commonwealth of Pennsylvania.
(d) The deed of conveyance shall be approved as provided by law and shall be executed by the Secretary of General Services in the name of the Commonwealth of Pennsylvania.
(e) Costs and fees incidental to this conveyance shall be borne by the grantee.