Section 1. (a) The Department of Transportation, as successor in interest to the Pennsylvania Transportation Assistance Authority, a public corporation organized and existing under the act of January 22, 1968 (P.L.27, No.7), known as The Pennsylvania Transportation Assistance Authority Act of 1967, and dissolved by operation of the act of January 22, 1968 (P.L.42, No.8), known as the Pennsylvania Urban Mass Transportation Law, which was subsequently repealed by the act of August 5, 1991 (P.L.238, No.26), entitled "An act amending Titles 74 (Transportation) and 75 (Vehicles) of the Pennsylvania Consolidated Statutes, codifying provisions relating to public transportation; imposing certain fees and taxes; further providing for certain Pennsylvania Turnpike projects; defining "farm equipment"; further providing for the responsibilities of vehicle transferees, for exemptions from registration and certificates of title and for the use of dealer plates, multipurpose dealer plates and farm equipment plates; further providing for funeral processions; further providing for a restricted receipts fund and for registration for snowmobiles and ATV's; establishing the Snowmobile Trail Advisory Committee; further providing for the highway maintenance and construction tax; and making repeals," is the owner of a one-sixth interest in property more fully described in subsection (b) which was purchased in part with Commonwealth funds pursuant to an agreement dated June 16, 1977, between the Centre Area Transportation Authority and the Pennsylvania Transportation Assistance Authority.
(b) The Department of Transportation, as successor in interest to the Pennsylvania Transportation Assistance Authority, with the approval of the Governor, is hereby authorized and directed on behalf of the Commonwealth of Pennsylvania to sell and convey to the Borough of State College, Centre County, for the sum of $1, the Department's one-sixth interest in the property as a result of the contract of June 16, 1977. The property involved is more fully described as follows:
All that certain tract of land situate in the Borough of State College, Centre County, Pennsylvania, bounded and described as follows:
Beginning at a concrete monument at the southwesterly corner of a 6.696 acre tract of land of the Borough of State College as shown on a survey and map prepared for Sheesley Supply Company by J.R. Mattern, R.P.E., No. 8918, dated May 8, 1959, and being Drawing No. 1477 in the Offices of the Borough of State College; thence by premises now or formerly of E.G. Wasson (Glenview Development), north 28 degrees 20 minutes west, 192.5 feet to a point; thence by premises retained by the Borough of State College, north 61 degrees 25 minutes east, 380.0 feet to a point and south 28 degrees 20 minutes east, 192.5 feet to a point; thence by premises of Sheesley Supply Company, south 61 degrees 25 minutes west, 380.0 feet to the place of beginning.
Containing 1.6 acres.
Together with an easement for the purpose of ingress and egress from the described premises to Osmond Street, to be used in common and jointly with the Borough of State College, 32 feet in width, the center line of which is located approximately as follows:
Beginning at a point on the easterly boundary of the above described premises and located north 28 degrees 20 minutes west, 61 feet, more or less, from lands of Sheesley Supply Company; thence north 61 degrees 25 minutes east, 89 feet, more or less, to a point; thence 56 feet, more or less, by the arc of a curve to the right, whose radius is 86 feet; thence 44 feet, more or less, by the arc of a curve to the left, whose radius is 100 feet to a point on the westerly end or termination of Osmond Street, a 60-foot right-of-way, said point being north 28 degrees 20 minutes west, 25 feet, more or less, from the southeasterly corner of premises of the Borough of State College, said easement to lie 16 feet on either side of said center line as described.
(c) The conveyance shall be made under and subject to all easements, servitudes and rights of others, including, but not limited 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 be approved as provided by law and shall be executed by the Secretary of Transportation in the name of the Commonwealth of Pennsylvania.
(e) Costs and fees incidental to the conveyance shall be borne by the Centre Area Transportation Authority.