Section 4. Conewango Township, Warren County.
(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, sell and convey to the Warren County Commissioners for consideration equal to $1 the tract of land described in subsection (b).
(b) The property to be conveyed pursuant to subsection (a) is described as follows:
All that certain piece or parcel of land situated in Conewango Township, Warren County, Pennsylvania, and more particularly bounded and described as follows:
Beginning at a point on the westerly right-of-way line of the Warren-Jamestown Road (United States Route 62), approximately 0.7 miles north of the intersection of United States Route 62 with Hatch Run Road (State Route 1008), said point also being the intersection of the southerly property line of the subject property with the westerly right-of-way line of the Warren-Jamestown Road (United States Route 62); thence north 89 degrees 08 minutes 16 seconds west along the northerly property lines of those residential lots of the Conewango Park Site Subdivision fronting on Elm Boulevard a distance of 313.92 feet to a 1 1/2-inch iron pipe; thence continuing north 89 degrees 08 minutes 16 seconds west along the same northerly line of the Conewango Park Site Subdivision a distance of 109.25 feet to a one-inch iron pipe; thence along lands of the County of Warren by the following courses:
north 07 degrees 49 minutes 26 seconds west a distance of 687.84 feet to a set one-inch iron pipe;
north 60 degrees 05 minutes 20 seconds east a distance of 200.74 feet to a one-inch iron pipe;
north 15 degrees 02 minutes 19 seconds west a distance of 233.30 feet to a one-inch iron pipe;
north 07 degrees 48 minutes 53 seconds west a distance of 433.74 feet to a one-inch iron pipe on the southerly property line of the Conewango Valley Country Club; thence south 88 degrees 38 minutes 48 seconds east along the southerly property line of the Conewango Valley Country Club a distance of 534 feet to a one-inch iron pipe on the westerly right-of-way line of the Warren-Jamestown Road (United States Route 62); thence continuing south 88 degrees 38 minutes 48 seconds east, crossing the connection rights-of-way of United States Route 62 and the former Penn Central Railroad, respectively, a total distance of 124.72 feet to a one-inch iron pipe, on the easterly right-of-way line of the Penn Central Railroad; thence continuing south 66 degrees 38 minutes 48 seconds east along the southerly property line of the Conewango Valley Country Club a distance of 281.64 feet to a two-inch iron pipe on the westerly bank of the Conewango Creek; thence continuing south 88 degrees 38 minutes 48 seconds east along the southerly property line of the Conewango Valley Country Club a distance of 18.75 feet to a point on the westerly water's edge of the Conewango Creek; thence along the westerly water's edge of the Conewango Creek by the following courses:
south 06 degrees 00 minutes 13 seconds west a distance of 465.60 feet to a point;
south 00 degrees 23 minutes 00 seconds west a distance of 673.75 feet to a point;
south 09 degrees 17 minutes 26 seconds east a distance of 294.74 feet to a point; thence north 89 degrees 08 minutes 16 seconds west along the northerly property line of the Warren Mall property owned by George Zamias a distance of 24.82 feet to a two-inch iron pipe on the westerly bank of the Conewango Creek; thence continuing north 89 degrees 08 minutes 16 seconds west along the northerly property line of the Warren Mall a distance of 346.39 feet to a one-inch iron pipe on the easterly right-of-way line of the property now or formerly owned by the Penn Central Railroad; thence continuing north 89 degrees 08 minutes 16 seconds west, crossing the connecting rights-of-way of the former Penn Central Railroad and United States Route 62, respectively, a total distance of 120.18 feet to a one-inch iron pipe on the westerly right-of-way line of United States Route 62, said point being the point of beginning.
Containing an area of 671,095 square feet or 15.41 acres lying west of the United States Route 62 right-of-way and also containing an area of 440,929 square feet or 10.12 acres lying east of the right-of-way now or formerly belonging to Penn Central Railroad.
(c) 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.
(d) The deed of conveyance shall contain a clause that the property conveyed shall be used for economic and community development purposes by the Warren County Commissioners who shall ensure a return of the Commonwealth's investment on the residual value of the property over a five-year period. If the Warren County Commissioners do not return the Commonwealth's investment of the property in the specified period or if the property is used for any purpose other than those specified in this section, the title to the property shall immediately revert to and revest in the Commonwealth of Pennsylvania.
(e) The proceeds of this sale shall be paid into the State Treasury and deposited in the General Fund.
(f) 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.
(g) Costs and fees incidental to the conveyance shall be borne by the grantee.