Section 2. Conveyance in Lower Oxford Township, Chester County.
(a) Authorization.--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 Willow Creek, LLC, the following tract of land, together with all improvements thereon, situate in Lower Oxford Township, Chester County, for $1,500 and under terms and conditions to be established in an agreement of sale.
(b) Property description.--The property to be conveyed under subsection (a) consists of approximately .030 acres of land and improvements located thereon, bounded and more particularly described as follows:
ALL THAT CERTAIN tract of land with small pump house building thereon erected, situate in Lower Oxford Township, Chester County, Pennsylvania, being more particularly described as follows, to wit:
BEGINNING at a point set at the southwesterly corner of this about-to be-described lease boundary, said point being formed by the intersection of lines being 10 feet South and parallel to the south wall of the building hereon erected and also by a line being 10 feet West of the west wall of the building, said point being set the following two courses and distances from a point set in the centerline of Public Road T-331 marking a corner of land of Arthur Wichart and a corner of Lincoln University: south 05 degrees 16 minutes West 764.85 feet to a concrete monument, North 19 degrees 50 minutes 49 seconds East, 50.96 feet to a point being the Place of BEGINNING; thence leaving said Point and by other land of Lincoln University, of which this was a part, the following courses and distances to wit:
North 12 degrees 17 minutes East 32.00 feet to a point
South 77 degrees 43 minutes East 42.00 feet to a point
South 12 degrees 17 minutes West 32.00 feet to a point
North 77 degrees 43 minutes West 42.00 feet to a point being the Place of BEGINNING.
CONTAINING .030 acres or 1,344 square feet of land being the same more or less;
BEING PART OF THE SAME PREMISES which Lincoln University, a Corporation, by Deed dated March 23, 1971, and recorded in the Office of the Recorder of Deeds in and for Chester County, Pennsylvania in Book V-39, Page 767, granted and conveyed unto The General State Authority. The Department of General Services being the legal successor to the General State Authority pursuant to Act 45 of 1975.
(c) Easements.--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) Covenant.--The deed of conveyance shall contain the following covenant:
"Under and subject to the condition, that no portion of the property conveyed shall be used as a licensed facility, as defined in 4 Pa.C.S. § 1103 (relating to definitions), or any other similar type of facility authorized under State law. The condition shall be a covenant running with the land and shall be binding upon the Buyer (Grantee), its successors and assigns. Should the Buyer (Grantee), its successors or assigns, permit any portion of the property to be used in violation of this restriction, the title shall immediately revert to and revest in the Seller (Grantor)."
(e) 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.
(f) Proceeds.--The proceeds from the sale shall be deposited in the General Fund.