Section 1. 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 for consideration of a price reflecting the property's fair market value, negotiated by the Commonwealth and Medford's, Inc., to Medford's, Inc., the following tract of land with buildings and improvements thereon erected:
All that certain tract of land situate in the City of Chester, County of Delaware and Commonwealth of Pennsylvania, described according to a plan of property for the Redevelopment Authority of the City of Chester, Pennsylvania, made by Damon and Foster, Civil Engineers, Sharon Hill, Pennsylvania, dated December 21, 1962, as follows, to wit:
Beginning at a point as set forth by the following course and distance from the northwesterly intersection of the right-of-way of Market Street, as laid out 50 feet wide, and Second Street, as laid out 60 feet wide, north 25 degrees 13 minutes 51 seconds west 272.40 feet to a point of beginning, being also a corner of land of Medford's, Inc.; thence from said beginning point along said land south 64 degrees 46 minutes 9 seconds west 241.63 feet to a point; thence south 69 degrees 12 minutes 54 seconds west 168.04 feet to a point; thence north 21 degrees 2 minutes 51 seconds west 120 feet to a point; thence north 69 degrees 12 minutes 54 seconds east 163.93 feet to a point; thence north 64 degrees 46 minutes 9 seconds east 236.97 feet to a point on the northwest side of Market Street; thence 25 degrees 13 minutes 51 seconds east along the westerly side of Market Street 120 feet to the first-mentioned point or place of beginning.
Containing 48,623 square feet (1.16 acres), more or less.