Pennsylvania Act 2002-73 — PROJECT 70 LANDS - COMMONWEALTH PROPERTY IN WARREN COUNTY

Act text

PROJECT 70 LANDS - COMMONWEALTH PROPERTY IN WARREN COUNTY
                  Act of Jun. 25, 2002, P.L. 463, No. 73              Cl. 85
                                  AN ACT

     Authorizing the City of Warren, Warren County, to sell and
        convey certain Project 70 lands free of restrictions imposed
        by the Project 70 Land Acquisition and Borrowing Act.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  (a)  Authorization.--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 release of
     Project 70 restrictions and sale of the lands owned by the City
     of Warren which are more particularly described in subsection
     (c) for a consideration of $123,500, which sum represents the
     fair market value of the property as determined by an appraisal.
        (b)  Freedom of restrictions.--The lands described in
     subsection (c) shall be free of restrictions on use and
     alienation imposed by the Project 70 Land Acquisition and
     Borrowing Act upon conveyance of said lands to Warren General
     Hospital.
        (c)  Lands to be released from restrictions.--The parcel of
     land to be released from Project 70 restrictions is situated in
     the City of Warren, Warren County, and more particularly
     described as follows:
        All that certain piece or parcel of land being lots 39, 40,
     43 and 44 as numbered on the map of Richlands which is recorded
     in the Recorders Office of Warren County in Deed Book 52 at page
     162, said lots lying between Lee Street and Wayne Street.
     Containing 0.81 acres, more or less as shown on a survey plan
     prepared for Warren General Hospital by David See Surveyors and
     dated October 2, 2001.
        (d)  Use of proceeds.--The $123,500 consideration from the
     sale of the land shall be deposited in a special account
     established by the City of Warren for acquisition or development
     of park land to include a ballfield, parking lot and access
     road. Use of funds from the special account must be approved by
     the Department of Conservation and Natural Resources. Any funds
     remaining in the special account after five years of the date of
     deposit by the City of Warren shall be paid to the Commonwealth
     for deposit into the Project 70 Land Acquisition Sinking Fund.
        Section 2.  This act shall take effect immediately.