Section 3. (a) The Department of General Services, with the approval of the Governor and the Department of Transportation, is hereby authorized on behalf of the Commonwealth of Pennsylvania to grant and convey to Oil City Community Development Corporation the Department of Transportation's Engineering District 1-0 Office Facility, land and buildings described in subsection (b) for fair market value as determined by independent appraisal.
(b) The property to be conveyed pursuant to subsection (a) consists of the Department of Transportation's Engineering District 1-0 Office Facility, bounded and more particularly described as all that certain piece or parcel of land situated in the First Ward of the City of Franklin, Venango County, Pennsylvania, bounded and described as follows:
PARCEL 1
Beginning at a post at the Southeast corner of Liberty Street and South Park Street; thence Southwardly along the Easterly side of Liberty Street a distance of 112.71 feet to the corner of lot conveyed by Valvoline Oil Company to Seth J. Cox by deed dated November 10, 1939, and recorded in the Recorder's Office of said County in Deed Book No. 472, Page 564; thence Eastwardly by land conveyed to Seth J. Cox as aforesaid, eighty-six (86) feet to land now owned by Helen Patterson Irwin; thence Northwardly by land of Helen Patterson Irwin, two and seventy- one one-hundredths (2.71) feet to a post; thence Eastwardly by the same four (4) feet to a post; thence Northwardly by the same one hundred ten (110) feet to the Southerly line of South Park Street; thence Westwardly by the Southerly line of said street, ninety (90) feet to the place of beginning. Being part of in- lots Nos. 460 and 461 as marked and numbered on the General Plan of the City of Franklin.
Being part of the same premises which Valvoline Oil Company, by deed dated April 3, 1944, and recorded in the Recorder's Office of Venango County in Deed Book 497, Page 383, conveyed to Commonwealth of Pennsylvania.
PARCEL 2
Beginning on the East Side of South Park Street, at a point ninety (90) feet from the corner of Liberty and South Park Streets; thence along the line of South Park Street North sixty- five degrees forty-eight minutes East sixty (60) feet; thence South twenty-four degrees twelve minutes East one hundred and ninety-two and seventy-one hundredths (192.71) feet; thence South sixty-five degrees forty-eight minutes West sixty-four (64) feet; thence North twenty-four degrees twelve minutes West eighty-two and seventy-one one-hundredths (82.71) feet; thence North sixty-five degrees forty-eight minutes East four (4) feet; thence North twenty-four degrees twelve minutes West one hundred and ten (110) feet to the place of beginning. Being part of In Lots four hundred and sixty-one (461), four hundred and sixty (460) and four hundred and fifty-seven (457) as surveyed by T.L. Kennerdell, City Engineer, April 2, 1897.
Being the same premises which was conveyed to the Commonwealth of Pennsylvania by Helen Patterson Irwin Estate, by Executor, by deed dated August 24, 1961, and recorded in the Recorder's Office of Venango County in Deed Book 655, Page 366.
The combined parcels contain a total of 0.5056 acres, more or less.
(c) 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, 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) The deed of conveyance shall be by special warranty deed and shall be executed by the Secretary of General Services in the name of the Commonwealth of Pennsylvania.
(e) Costs and fees incidental to this conveyance shall be borne by the grantee.
(f) The proceeds from the sale shall be deposited in the Capital Facilities Fund to pay for costs and fees incurred for the purchase of a new District 1-0 Office Facility, as set forth in the Lease with Option to Purchase Agreement between the Commonwealth of Pennsylvania and the Oil City Community Development Corporation dated September 5, 1997, as well as the costs and fees incurred by the Department of General Services as authorized under section 2406-A of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929. Any proceeds remaining after payment of the above said costs shall be transferred to the General Fund.
(g) In the event that this conveyance is not executed within 12 months of the Department of Transportation vacating the premises, the property may be disposed of, with the approval of the Department of Transportation, in accordance with Article 2406-A of the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929. The proceeds from the sale shall be deposited in accordance with subsection (f).