Section 3. Conveyance in Collegeville Borough, Montgomery County.
(a) Authorization.--The Department of Transportation, with the approval of the Governor, is hereby authorized on behalf of the Commonwealth of Pennsylvania to enter into a land transfer with Two Farms, Inc., on certain land situate in the Collegeville Borough, Montgomery County, as described in subsection (b) for fair market value based on an appraisal or based on other agency policies pertaining to dispositions and under terms and conditions to be established in an Agreement of Sale.
(b) Property description.--The property to be conveyed to Two Farms, Inc., includes the following two parcels:
(1) A parcel containing a calculated area of 11,252 square feet or 0.2583 acres of land, more or less that is subject to easements and restrictions of record, if any, and begins at a point along the southwesterly right of way of Main Street (Width Varies) (SR 4031), said point being located 52.85 feet from the PennDOT right of way baseline, said point being along the common dividing line between lands now or formerly of PennDOT (Block 6 Unit 27) and lands now or formerly of PennDOT (Block 6 Unit 28);
THENCE, from said point of beginning, along the southwesterly right of way of said Main Street, North 61 degrees 00 minutes 43 seconds West, a distance of 99.31 feet to a point;
Thence along the lands now or formerly of Keybank NA (Block 6 Unit 26), North 28 degrees 12 minutes 38 seconds East, a distance of 110.60 feet to a point;
Thence along the lands now or formerly of Harleysville National Bank (Block 6 Unit 22), the following two (2) courses and distances:
1. South 66 degrees 44 minutes 53 seconds East, a distance of 31.91 feet to a point;
2. South 61 degrees 05 minutes 00 seconds East, a distance of 67.51 feet to a point;
Thence along the lands now or formerly of PennDOT (Block 6 Unit 28), South 28 degrees 12 minutes 38 seconds West, a distance of 113.88 feet to a point, said point being the first mentioned point and place of beginning.
(2) A parcel containing a calculated area of 4,067 square feet or 0.0934 acres of land, more or less that is subject to easements and restrictions of record, if any, and begins at a point along the southwesterly right of way line of Main Street (Width Varies) ultimate)(SR 0029), said point being located 52.85 feet from the PennDOT right of way baseline, said point being along the common dividing line between lands now or formerly of PennDOT (Block 6 Unit 27) and lands now or formerly of PennDOT (Block 6 Unit 28);
THENCE, from said point of beginning, along the lands of said PennDOT (Block 6 Unit 27), North 28 degrees 12 minutes 38 seconds East, a distance of 113.88 feet to a point;
Thence along the lands now or formerly of Keybank NA (Block 6 Unit 22), South 61 degrees 05 minutes 00 seconds East, a distance of 42.25 feet to a point;
Thence through the lands of said PennDOT (Block 6 Unit 28), the following three (3) courses and distances:
1. South 28 degrees 53 minutes 46 seconds West, a distance of 70.41 feet to a point;
2. South 64 degrees 06 minutes 37 seconds West, a distance of 53.19 feet to a point;
3. North 61 degrees 00 minutes 43 seconds West, a distance of 10.22 feet to a point, said point being the first mentioned point and place of beginning.
(c) Conditions.--The conveyance shall be made under and subject to all lawful and enforceable easements, servitudes and rights of others, including, but not confined to, streets and roadways, and rights of any telephone, telegraph, water, electric, gas or pipeline companies, as well as under and subject to any lawful and enforceable estates or tenancies vested in third persons appearing of record, for any portion of the land or improvements erected thereon.
(d) Restriction.--The conveyance shall be made under and subject to the condition, which shall be contained in the deed of conveyance, that no portion of the property conveyed shall be used as a licensed facility, as defined in 4 Pa.C.S. § 1103 (relating to definitions), or any other similar type of facility authorized under the laws of this Commonwealth. The condition shall be a covenant running with the land and shall be binding upon the grantee, its successors and assigns. Should the grantee, its successors or assigns, permit any portion of the property authorized to be conveyed in this section to be used in violation of this subsection, the title shall immediately revert to and revest in the grantor.
(e) Deed.--The deed of conveyance shall be by quit claim deed and shall be executed by the Secretary of Transportation in the name of the Commonwealth of Pennsylvania.
(f) Costs and fees.--Costs and fees incidental to this conveyance shall be borne by the grantee.
(g) Deposit of proceeds.--Proceeds from the sale shall be deposited into the Motor License Fund.