CHAPTER 492

FORMERLY

HOUSE BILL NO. 574

AN ACT TO AUTHORIZE AND APPROVE THE TRANSFER OF CERTAIN REAL PROPERTY IN NEW CASTLE COUNTY KNOWN AS THE BANCROFT LANES

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :

WHEREAS, certain property presently owned by the State, and used by the Division of Motor Vehicles as an inspection site, has been declared surplus by the State; and

WHEREAS, this parcel, known as the "Bancroft Lanes," has not been used since being discontinued as an inspection site; and

WHEREAS, there appears to be strong community interest in renovating the property for use as a community library, and the Wilmington Institute (Free Public Library) has agreed to assume ownership.

NOW, THEREFORE:

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Notwithstanding any provisions to the contrary, including those contained in Chapter 94, Title 29 of the Delaware Code, the transfer and conveyance of that certain parcel of land known as the Bancroft Lanes property to the Wilmington Institute (Free Public Library) hereinafter referred to as the "Wilmington Institute," for the consideration of one dollar ($1.00) is hereby specifically approved.

Section 2. The appropriate State agency is hereby authorized and empowered to execute and deliver to the Wilmington Institute a good and sufficient deed to the said real property.

Section 3. The Wilmington Institute agrees to accept the property, occupy the property, keep the property in good repair, and to convert the property into a community library.

Section 4. The Wilmington Institute shall have three (3) years from the effective date of this Act to begin the renovations set forth in Section 3. If such project is not started within three (3) years from the effective date of this Act, the deed shall become invalid; and ownership of the above-described real property, known as the Bancroft Lanes, shall revert to the State.

Approved October 23,2000