Section 1. (a) Pursuant to the requirements of section 20(b) of the act of June 22, 1964 (Sp.Sess., P.L.131, No.8), known as the Project 70 Land Acquisition and Borrowing Act, the General Assembly hereby authorizes the Township of Independence, with the approval of the Department of Community Affairs, to convey a certain tract of land situated in the Township of Independence, Washington County, Pennsylvania, to Michael D. Klem and Deborah B. Klem, his wife, for a consideration equal to the fair market value as determined by an independent appraiser selected by the Department of Community Affairs.
(b) The land shall be free of restrictions on use and alienation prescribed by section 20 of the Project 70 Land Acquisition and Borrowing Act, upon the payment of the amount of the aforesaid fair market value into the Project 70 Land Acquisition Sinking Fund.
Compiler's Note: The Department of Community Affairs,
referred to in subsec. (a), was abolished by Act 58 of
1996 and its functions were transferred to the Department
of Community and Economic Development.