Section 3. Conveyance to Dyott Corp.
The Department of General Services, with the approval of the Governor, is authorized and directed on behalf of the Commonwealth of Pennsylvania to release, quitclaim, grant and convey to Dyott Corp., a Pennsylvania corporation, its successors and assigns, for a consideration of $28,850, that tract of land situated in the bed of the Delaware River in the City and County of Philadelphia, Pennsylvania, between the bulkhead and pierhead lines, established by the Secretary of War on September 10, 1940, in the City and County of Philadelphia, Pennsylvania, consisting of all the muds and land currently or previously under the waters of the Delaware River and contained within the metes and bounds description set forth in paragraph (1) and all riparian rights appertaining thereto, which tract of land is adjacent to and has a common boundary with the lands presently owned by the said Dyott Corp.
(1) Beginning at a point on the northerly pierhead line
of the Delaware River where the same is intersected by the
easterly street line of Dyott Street (100 feet wide R.O.W) as
shown on a plan entitled "Parcels A, B & C, Overall Plan"
prepared by Plum & Associates, Project No. 92-066 dated
September 14, 1992, and from said beginning point running
thence
(i) along the easterly street line of Dyott Street
north 30 degrees 02 minutes 52 seconds west a distance of
494 feet 9-3/8 inches to a point; thence
(ii) crossing through parcel B and running along the
northerly bulkhead line of the Delaware River as approved
by the Secretary of War on September 10, 1940, north 64
degrees 18 minutes 09 seconds east a distance of 663 feet
4-1/2 inches to a point; thence
(iii) along the dividing line between parcel B and
parcel A as shown on the above referenced plan, south 50
degrees 38 minutes 49 seconds east a distance of 318 feet
5/8 inches to a rebar set; thence
(iv) continuing along the dividing line between
parcel B and parcel A, south 48 degrees 25 minutes 37
seconds east a distance of 113 feet 6 inches to a rebar
set; thence
(v) continuing along the dividing line between
parcel B and parcel A, south 25 degrees 43 minutes 08
seconds east a distance of 100 feet 0 inches to a point;
thence
(vi) along the northerly pierhead line of the
Delaware River, south 64 degrees 16 minutes 52 seconds
west a distance of 803 feet 10-3/4 inches to a point and
place of beginning.
(2) The deed of conveyance shall be approved as provided
by law and shall be executed by the Secretary of General
Services in the name of the Commonwealth of Pennsylvania.