Section 2. Conveyance in City and County of Philadelphia.
(a) Authorization.--The Department of General Services, with the approval of the Department of Military and Veterans Affairs and the Governor, is authorized on behalf of the Commonwealth of Pennsylvania to grant to Drexel University a permanent easement encumbering the following tract of land, being the southern half of Cuthbert Street (vacated), located between 32nd Street and 33rd Street in the City and County of Philadelphia, under terms and conditions to be established in an easement agreement, which agreement shall include Drexel University's provision to the Commonwealth of Pennsylvania, its successors and assigns, in perpetuity, of 35 parking spaces for the exclusive use of the Commonwealth of Pennsylvania, its successors and assigns, as fee title owner of the property known as 3205-51 Lancaster Avenue, Philadelphia, Pennsylvania.
(b) Property description.--The property to be encumbered by a permanent easement under subsection (a) consists of the following:
ALL THAT CERTAIN piece or parcel of land situate in the 24th Ward of the City of Philadelphia, County of Philadelphia, and Commonwealth of Pennsylvania, described according to a plan entitled "ALTA NSPS Land Title Survey" of property owned by land n/f Drexel University, prepared by Pennoni Associates, Inc., dated October 14, 2022, last revised June 5, 2023, Project GATDV21001,to wit:
BEGINNING at a point on the former centerline of the former Cuthbert Street (stricken from City Plan and vacated), said point being S 11 degrees 01 minutes 00 seconds W, a distance of 20.00 feet, from the intersection of the easterly line of lands n/f OPA 88-5498280 and the former northerly line of the aforementioned Cuthbert Street; thence, from said point of beginning; (1) through the bed of aforementioned Cuthbert Street, S 11 degrees 01 minutes 00 seconds W, a distance of 20.00', to a point in the northerly line of lands n/f of OPA 77-4520500, thence; (2) coincident with the same, N 78 degrees 59 minutes 00 seconds W, a distance of 283.00', to a point in the westerly line of lands of the same; thence; (3) departing said line through the bed of aforementioned Cuthbert Street, N 11 degrees 01 minutes 00 seconds E, a distance of 20.00', to a point on the former centerline of the aforementioned Cuthbert Street, thence; (4) coincident with the same, S 78 degrees 59 minutes 00 seconds E, a distance of 283.00', to the place and point of beginning. Said above described tract or parcel of land containing with said bounds 5,660 square feet, or 0.12994 acres of land (more or less).
BEING a portion of OPA Account Number 774520500, known as 3205-51 Lancaster Avenue, Philadelphia, 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 of conveyance.--The conveyance shall be made by easement agreement to be executed by the Secretary of General Services in the name of the Commonwealth of Pennsylvania.
(e) Expiration.--In the event that the conveyance authorized under subsection (a) is not completed within two years after the effective date of this subsection, the authority to convey the easement as specified under subsection (a) shall expire.
(f) Proceeds.--The proceeds from the easement conveyance under this section shall be deposited into the General Fund.