Section 1. (a) Pursuant to the requirements of subsection (b) of section 20 of the act of June 22, 1964 (Sp.Sess., P.L.131, No.8), known as the Project 70 Land Acquisition and Borrowing Act, the General Assembly hereby authorizes the City of Wilkes-Barre to convey a certain parcel of land containing 2.13 acres more or less situated in the City of Wilkes-Barre, County of Luzerne and Commonwealth of Pennsylvania.
(b) Said land shall be free of restriction on use and alienation prescribed by section 20 of the Project 70 Land Acquisition and Borrowing Act, provided:
(1) The property shall be appraised by an independent appraisal paid for by the City of Wilkes-Barre.
(2) Fifty percent of the fair market value of said property or $5,857.50, whichever is greater, shall be returned to the Commonwealth through deposit into the Project 70 Land Acquisition Sinking Fund upon approval of the Department of Community Affairs.
(c) The City of Wilkes-Barre shall not be required to purchase additional recreational land to replace the Project 70 land disposed of under this act as the recreational needs of the City of Wilkes-Barre are adequately addressed through other recreational lands and facilities of the City of Wilkes-Barre.
Compiler's Note: The Department of Community Affairs, referred to in subsec. (b), was abolished by Act 58 of 1996 and its functions were transferred to the Department of Community and Economic Development.