Section 1. Conveyance in City of Harrisburg, Dauphin County.
(a) Conveyance authorized.--The Department of General Services, with the approval of the Governor, is hereby authorized on behalf of the Commonwealth of Pennsylvania to grant and convey to the Capital Region Economic Development Corporation, on terms acceptable to the Department of General Services to be established in an agreement of sale, certain lands and improvements thereon situate in the seventh ward of the City of Harrisburg described in subsection (b) for a consideration equal to fair market value as determined by independent appraisal.
(b) Property description.--The property to be conveyed pursuant to subsection (a) consists of 20.838 acres, bounded and more particularly described as follows:
ALL THAT CERTAIN PARCEL OF LAND containing 20.838 acres and known as Lot 1 on the Final Subdivision Plan for the Commonwealth of Pennsylvania prepared by C.W. Junkins Associates, Inc., dated January 13, 2000, recorded in the Dauphin County Recorder of Deeds Office in Plan Book M, Volume 7, and Page 25.
BEING a portion of the same premises which the Reconstruction Financial Corporation by its deed dated April 4, 1947, and recorded with the Dauphin County Recorder of Deeds Office in Deed Book K, Volume 32, Page 272, granted and conveyed unto the Commonwealth of Pennsylvania.
(c) Conditions.--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) Deed.--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.--Costs and fees incidental to this conveyance shall be borne by the grantee.
(f) Legal effect.--If the agreement of sale cannot be executed as referenced in subsection (a), the Department of General Services shall publish notice in the Pennsylvania Bulletin and this section shall expire as of the date of publication.