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 by quitclaim deed to the City of Erie, Erie County, Pennsylvania, for a consideration of $3,500, the amount equal to one-half of the fair market value, a tract of land situate in the City of Erie, County of Erie, Commonwealth of Pennsylvania, bounded and described as follows:
All that certain land or property situated in the City of Erie and more particularly bounded and described as follows to wit:
Beginning at a point on the east line of Peach Street, the said point being 120.5 feet from the intersection of the east line of Peach Street with the north line of West Second Street; thence north 28 degrees 32 minutes west 295.01 feet to a point; thence north 57 degrees 30 minutes 10 seconds east 331.92 feet to a point on the west line of State Street; thence south 28 degrees 32 minutes east 234.1 feet along the east line of State Street to a point; thence south 47 degrees 15 minutes 49 seconds west 340.47 feet to the point of beginning.
Containing 2.008 acres, more or less.
The conveyance shall be made under and subject to all easements, servitudes and rights of others, including, but not confined to, streets, roadways and right 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.