As Passed by the House                        1            

122nd General Assembly                                             4            

   Regular Session                              Sub. S. B. No. 90  5            

      1997-1998                                                    6            


    SENATORS FURNEY-LATTA-BLESSING-GAETH-HERINGTON-DiDONATO-       8            

  FINAN-LATELL-ESPY-HAGAN-REPRESENTATIVES GARCIA-BRITTON-PERZ-     9            

      GARDNER-LOGAN-LEWIS-FORD-BRADING-OPFER-O'BRIEN-OLMAN         10           


                                                                   12           

                           A   B I L L                                          

             To authorize the Board of Trustees of the Medical     14           

                College of Ohio at Toledo to convey two parcels    15           

                of real estate or portions of two parcels of real  16           

                estate located in Lucas County, to authorize the   17           

                Governor to convey a parcel of real estate or                   

                portions of a parcel of real estate located in     18           

                Lucas County and owned by the Medical College of   19           

                Ohio at Toledo Foundation, to authorize the        20           

                Governor to convey two parcels of state-owned      21           

                real estate in Columbiana County to George W.      22           

                Morris, and to declare an emergency.               23           




BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:        25           

      Section 1.  (A)  The Board of Trustees of the Medical        27           

College of Ohio at Toledo is hereby authorized to execute deeds    28           

in the name of the Board of Trustees conveying to purchasers and   29           

the purchasers' heirs and assigns or successors and assigns all    30           

of the Board of Trustees' right, title, and interest in any        31           

portion of the following described parcels of real estate,         32           

located in an area known as The Advanced Technology Park of        33           

Northwest Ohio:                                                                 

      Parcel 1.  Northerly Parcel                                  35           

      A parcel of land being part of Section Nine (9), in Town     37           

Three (3) in the United States Reserve, in the City of Toledo,     38           

Lucas County, Ohio, said parcel of land being bounded and          39           

                                                          2      

                                                                 
described as follows:                                                           

      Beginning at the intersection of the centerline of Detroit   41           

Avenue, as it now exists, with the centerline of Arlington         42           

Avenue, as it now exists; thence in a westerly direction along     43           

said centerline of Arlington Avenue, as it now exists, having an   45           

assumed bearing of North eighty-two (82) degrees, forty-seven                   

(47) minutes, fifty-eight (58) seconds West, a distance of one     46           

thousand three hundred thirty-eight and ninety hundredths          47           

(1,338.90') feet to an angle point in said centerline of           48           

Arlington Avenue, as it now exists; thence North eighty-one (81)   49           

degrees, twenty-three (23) minutes, zero (00) seconds West along   50           

said centerline of Arlington Avenue, as it now exists, a distance  51           

of one hundred sixty-eight and seventy-four hundredths (168.74')   52           

feet to the intersection of a line drawn one thousand one hundred  53           

sixty and zero hundredths (1,160.00') feet easterly of and         55           

parallel with the West line of the Southwest quarter (1/4) of      56           

said Section Nine (9); thence North eight (08) degrees, nine (09)  57           

minutes, twelve (12) seconds East along said line drawn one        58           

thousand one hundred sixty and zero hundredths (1,160.00') feet    59           

easterly of and parallel with the West line of the Southwest                    

quarter (1/4) of Section Nine (9), a distance of four hundred      60           

forty-eight and fifty-three hundredths (448.53') feet to the       61           

intersection of the centerline of Swan Creek, as it now exists,    62           

the following six (6) courses follow on and along said centerline  63           

of Swan Creek, as it now exists; thence North fifty-four (54)      64           

degrees, thirty-four (34) minutes, forty-two (42) seconds East, a               

distance of three hundred ninety-four and ninety-six hundredths    65           

(394.96') feet; thence North thirty-six (36) degrees,              66           

thirty-eight (38) minutes, fifty-one (51) seconds East, a          67           

distance of three hundred forty-four and forty-seven hundredths    68           

(344.47') feet; thence South seventy-four (74) degrees,                         

twenty-seven (27) minutes, fifty (50) seconds East, a distance of  69           

four hundred fourteen and thirty-seven hundredths (414.37') feet;  70           

thence North forty-two (42) degrees, two (02) minutes, six (06)    71           

                                                          3      

                                                                 
seconds East, a distance of eight hundred forty and fifty-four     72           

hundredths (840.54') feet; thence South eighty (80) degrees,       73           

eleven (11) minutes, thirteen (13) seconds East, a distance of     74           

four hundred forty and forty-five hundredths (440.45') feet;       75           

thence South fifty-two (52) degrees, forty-one (41) minutes,                    

twenty-five (25) seconds East, a distance of four hundred          76           

eighty-seven and sixty-seven hundredths (487.67') feet to the      77           

intersection of said centerline of Detroit Avenue as it now        78           

exists; thence South thirty-four (34) degrees, twenty-three (23)   79           

minutes, fifty-four (54) seconds West along said centerline of     80           

Detroit Avenue, as it now exists, a distance of one thousand five               

hundred fifty-seven and thirty-eight hundredths (1,557.38') feet   81           

to the Point of Beginning.                                         82           

      Said parcel of land containing an area of 50.87 acres of     84           

land, more or less.  Less and excepting therefrom, those lands     85           

described in a Transfer of Jurisdiction from the Medical College   86           

of Ohio at Toledo to the Ohio Department of Transportation,        87           

containing 0.193 Acres, more or less, and further defined as       88           

being File No. 5016, on file in the records of the Ohio            89           

Department of Administrative Services, General Services Division,  90           

Real Estate Services, 4200 Surface Road, Columbus, Ohio            91           

43228-1395.  Subject to legal highways.                            92           

      Parcel 2.  Southerly Parcel                                  94           

      A parcel of land being part of Sections Eight (8), Nine      96           

(9), Sixteen (16) and Seventeen (17), all being in Town Three (3)  97           

in the United States Reserve, in the City of Toledo, Lucas         98           

County, Ohio, said parcel of land being bounded and described as   99           

follows:                                                                        

      Commencing at the intersection of the centerline of          101          

Arlington Avenue, as it now exists, with the centerline of         102          

Detroit Avenue, as it now exists; thence in a southwesterly        103          

direction along said centerline of Detroit Avenue, as it now                    

exists, having an assumed bearing of South thirty-four (34)        104          

degrees, eighteen (18) minutes, twenty (20) seconds West, a        105          

                                                          4      

                                                                 
distance of one thousand five hundred fifty-eight and fifteen      106          

hundredths (1,558.15') feet to the True Point of Beginning;        107          

thence continuing South thirty-four (34) degrees, eighteen (18)                 

minutes, twenty (20) seconds West along said centerline of         108          

Detroit Avenue, as it now exists, a distance of eight hundred one  109          

and seventy-nine hundredths (801.79') feet to an angle point in    110          

said centerline of Detroit Avenue, as it now exists; thence South  111          

twenty-nine (29) degrees, fifty-five (55) minutes, thirty-nine     112          

(39) seconds West along said centerline of Detroit Avenue, as it                

now exists, a distance of one thousand three hundred seventeen     113          

and fifty-six hundredths (1,317.56') feet to the intersection of   115          

the North line of a parcel of land as described in Microfiche      116          

80-495B12, Lucas County Deed Records, said northerly line of a     117          

parcel of land as described in Microfiche 80-495B12, Lucas County               

Deed Records, also being a line drawn seven hundred thirty-seven   118          

and seven hundredths (737.07') feet northerly of and parallel      119          

with the centerline of Glendale Avenue, as it now exists; thence   120          

North eighty (80) degrees, thirty-three (33) minutes, two (02)     121          

seconds West along said northerly line of a parcel of land as      122          

described in Microfiche 80-495B12, Lucas County Deed Records, a    123          

distance of one thousand one hundred thirty-five and thirty-eight               

hundredths (1,135.38') feet to the intersection of the West line   124          

of the Northwest quarter (1/4) of the Southwest quarter (1/4) of   125          

said Section Sixteen (16) thence North eight (08) degrees, one     126          

(01) minute, twenty-four (24) seconds East along said West line    127          

of the Northwest quarter (1/4) of the Southwest quarter (1/4) of   128          

Section Sixteen (16), a distance of five hundred ninety-four and   129          

thirty-seven hundredths (594.37') feet to the Intersection of the  130          

South line of the Northeast quarter (1/4) of said Section                       

Seventeen (17); thence North seventy-nine (79) degrees,            131          

fifty-seven (57) minutes, twenty-six (26) seconds West along said  132          

South line of the Northeast quarter (1/4) of Section Seventeen     133          

(17), a distance of one thousand three hundred twenty-nine and     134          

seventy-three hundredths (1,329.73') feet to the intersection of   135          

                                                          5      

                                                                 
the West line of the East half (1/2) of said Northeast quarter                  

(1/4) of Section Seventeen (17); thence North eight (08) degrees,  136          

one (01) minute, thirty-four (34) seconds East along said West     137          

line of the East half (1/2) of the Northeast quarter (1/4) of      138          

Section Seventeen (17), a distance of two thousand one hundred     139          

nine and twenty-one hundredths (2,109.21') feet to the             140          

intersection of said centerline of Arlington Avenue, as it now                  

exists, the following six (6) courses follow on and along said     141          

centerline of Arlington Avenue, as it now exists; thence South     142          

eighty-nine (89) degrees, zero (00) minutes, nine (09) seconds     143          

East, a distance of ninety-two and sixty-three hundredths          144          

(92.63') feet to a point of curve; thence along an arc of curve    145          

to the left, an arc distance of three hundred fifty-three and      146          

fifteen hundredths (353.15') feet to a point of tangency, said                  

arc of curve to the left having a radius of seven hundred sixteen  147          

and twenty hundredths (716.20') feet, a central angle of           148          

twenty-eight (28) degrees, fifteen (15) minutes, seven (07)        149          

seconds, a chord distance of three hundred forty-nine and          150          

fifty-eight hundredths (349.58') feet and a chord bearing of                    

North seventy-six (76) degrees, fifty-two (52) minutes, seventeen  151          

(17) seconds East; thence North sixty-two (62) degrees,            152          

forty-four (44) minutes, forty-four (44) seconds East, a distance  153          

of four hundred twenty-nine and fifty-two hundredths (429.52')     154          

feet to a point of curve; thence along an arc of curve to the      156          

right, an arc distance of three hundred eighty seven and                        

seventy-one hundredths (387.71') feet to a point of tangency,      157          

said arc of curve to the right having a radius of seven hundred    158          

sixteen and twenty hundredths (716.20') feet, a central angle of   159          

thirty-one (31) degrees, one (01) minute, one (01) second, a       160          

chord distance of three hundred eighty-three and zero hundredths   161          

(383.00') feet and a chord bearing of North seventy-eight (78)     162          

degrees, fifteen (15) minutes, fourteen (14) seconds East; thence               

South eighty-six (86) degrees, fourteen (14) minutes, fifteen      163          

(15) seconds East, a distance of four hundred eighty-seven and     164          

                                                          6      

                                                                 
seventy-eight hundredths (487.78') feet; thence South eighty-one   165          

(81) degrees, twenty-three (23) minutes, zero (00) seconds East,   166          

a distance of nine hundred seventy-five and twenty-nine                         

hundredths (975.29') feet; thence South nineteen (19) degrees,     167          

fifty-nine (59) minutes, thirty-six (36) seconds West along a      168          

line, a distance of nine hundred ninety-three and fifty-one        169          

hundredths (993.51') feet to a point; thence South fifty-eight     170          

(58) degrees, fifteen (15) minutes, forty-one (41) seconds east                 

along a line, a distance of one thousand eleven and twelve         171          

hundredths (1,011.12') feet to the True Point of Beginning.        172          

      Said parcel of land containing an area of 182.19 acres of    174          

land, more or less.  Subject to legal highways,                    175          

Less and excepting the following described:                        177          

      Commencing at the intersection of the North line of the      178          

Northwest quarter of Section 16 with the centerline of Detroit     179          

Avenue, said North line of the Northwest quarter of Section 16     180          

also being the centerline of Old Arlington Avenue, said point of   181          

intersection being marked with a cross on a manhole rim; thence    182          

southwesterly along the centerline of Detroit Avenue having an                  

assumed bearing of S 34° 18'20" W, a distance of 1535.53 feet to   183          

the True Point of Beginning; thence continuing S 34° 18' 20" W     184          

along the centerline of Detroit Avenue a distance of 801.79 feet   185          

to a point of deflection in the centerline of Detroit Avenue,      186          

said deflection point being marked by a cross cut in a brass       187          

plate; thence S 29° 55' 39" W continuing along the centerline of   188          

Detroit Avenue a distance of 100.00 feet to a point; thence N      189          

60°04'21" W and perpendicular to the centerline of Detroit Avenue               

a distance of 489.06 feet to a point; thence S 52°03'57" W a       190          

distance 394.29 feet to a point; thence S 65°48'40" W a distance   192          

of 350.00 feet; thence N 24° 11' 20" W a distance of 588.00 feet   193          

to a point of curvature; thence northwesterly along a curve to     194          

the right having a radius of 1839.86 feet an arc distance of       195          

327.00 feet to a point, said arc having a chord distance of                     

326.57 feet and a chord bearing of N 19°05'50" W; thence N         196          

                                                          7      

                                                                 
65°48'40" E a distance of 375.00 feet; thence N 8°23'00" E a       197          

distance of 212.00 feet; thence N 81° 23'00" W a distance of       198          

437.88 feet; thence N 4° 30' 16" W a distance of 61.06 feet to a   199          

point of curvature; thence northwesterly along a curve to the      200          

left having a radius of 1979.86 feet an arc distance of 786.13     201          

feet to a point of tangency, said arc having a chord distance of   202          

780.97 feet and a chord bearing of N 15° 52' 46" W; thence N 27°   203          

15' 16" W a distance of 340.00 feet to a point on the existing                  

southerly right of way line of Relocated Arlington Avenue; thence  204          

N 62° 44' 44" E along said southerly right of way line a distance  205          

of 23.06 to a point; thence N 67° 00' 46" E along said southerly   206          

right of way line distance of 97.15 feet to a point; thence N 75°  207          

17' 26" E along said southerly right of way line a distance of     208          

90.85 feet to a point; thence N 88° 15' 40" E along said           209          

southerly right of way line a distance of 163.38 feet to a point;  210          

thence S 86° 14' 52" E along said southerly right of way line a    211          

distance of 119.37 feet to a point; thence S 78° 22' 26" E along                

said southerly right of way line a distance of 109.64 feet to a    212          

point; thence S 86° 14' 15" E along said southerly right of way    213          

line a distance of 141.39 feet to a point; thence S 88° 22' 31" E  214          

along said southerly right of way line a distance of 244.11 feet   215          

to a point; thence S 81° 23' 00" E along said southerly right of   216          

way line a distance of 697.67 feet to a point; thence N 86° 53'    217          

49" E along said southerly right of way line a distance of 25.81   218          

feet to a point; thence S 82° 47' 58" E along said southerly                    

right of way line a distance of 109.40 feet to a point on the      219          

easterly property line; thence S 19° 59' 36" W along said          220          

easterly property line a distance of 935.31 feet to a point;       221          

thence S 58° 15' 41" E along a northeasterly property line a       222          

distance of 1011.12 feet to the True Point of Beginning.           223          

      Said parcel of land contains an area of 72.25 acres, more    225          

or less.                                                                        

      (B)  Prior to executing a deed to convey the real estate     227          

described in division (A) of this section or any portion of that   229          

                                                          8      

                                                                 
real estate, the Board of Trustees of the Medical College of Ohio               

at Toledo shall survey the real estate to be conveyed, prepare a   230          

legal description of that real estate, and deliver the             231          

description to the Auditor of State for preparation of the deed.   232          

      (C)  The consideration for the real estate described in      234          

division (A) of this section or any portion of that real estate    235          

shall be a purchase price acceptable to the Board of Trustees of   236          

the Medical College of Ohio at Toledo following a survey, or a     237          

review of a legal description, by a licensed surveyor and an       238          

appraisal by one or more disinterested persons.                    240          

      (D)  The real estate described in division (A) of this       242          

section or any portion of that real estate shall be conveyed only  243          

to persons whose intended use of the real estate is consistent     244          

with the purposes of The Advanced Technology Park of Northwest     245          

Ohio.  Those purposes are to facilitate the commercialization and  246          

adoption of inventions and innovations of the faculty and staff    247          

of the Medical College of Ohio at Toledo; to create an             248          

environment where biomedical and other technology-oriented         249          

enterprises would enjoy higher levels of creativity,               250          

productivity, and efficiency; and to facilitate the broadening of  251          

the economic base and creation of jobs for the city of Toledo and  252          

Northwest Ohio.  Each offeror shall demonstrate that the proposed  253          

use of the real estate is consistent with the purposes of The      254          

Advanced Technology Park of Northwest Ohio.                        255          

      (E)  Any offer to purchase the real estate described in      257          

division (A) of this section or any portion of that real estate    258          

must be accompanied by a deposit of one per cent of the purchase   259          

price in money order, bank draft, or certified check.  The         260          

balance of the purchase price must be paid within sixty days       261          

after the Board of Trustees of the Medical College of Ohio at      263          

Toledo has sent to the offeror notification that the offer has     264          

been accepted, or at such later time as is specified in the        266          

contract of sale.  If an offer has been accepted and the offeror   267          

does not pay the balance within the time limits provided in this   268          

                                                          9      

                                                                 
division, the offeror shall forfeit the one-per-cent deposit to    269          

the Board of Trustees as liquidated damages.                       270          

      (F)  Upon payment of the purchase price by a purchaser, the  272          

Auditor of State, with the assistance of the Attorney General,     273          

shall prepare a deed to the real estate described pursuant to      274          

division (B) of this section.  The deed shall state the            276          

consideration, be executed by the Board of Trustees of the                      

Medical College of Ohio at Toledo, be presented in the Office of   278          

the Auditor of State for recording, and be delivered to the        279          

purchaser.  The purchaser shall present the deed for recording in  280          

the Office of the Lucas County Recorder.                           281          

      (G)  Advertising costs, appraisal fees, and all other costs  283          

of the conveyance of the real estate described in division (A) of  284          

this section or any portion of that real estate shall be paid by   285          

the Board of Trustees of the Medical College of Ohio at Toledo     286          

unless otherwise specified in the contract of sale.                287          

      (H)  The net proceeds of the conveyance of the real estate   289          

described in division (A) of this section or any portion of that   291          

real estate shall be deposited in the appropriate accounts for                  

purposes determined by the Board of Trustees of the Medical        292          

College of Ohio at Toledo.                                         293          

      Section 2.  (A)  The Governor and the Board of Trustees of   295          

the Medical College of Ohio at Toledo Foundation (the Foundation)  297          

are hereby authorized to execute deeds in the name of the          299          

Foundation conveying to purchasers and the purchasers' heirs and   300          

assigns or successors and assigns all of the Foundation's and the  301          

State's right, title, and interest in any portion of the           303          

following described real estate located in an area known as                     

Foundation Park:                                                   304          

      Lots 2, 3, 4, 5, 6, 7-A, and 7-B in Foundation Park, a       306          

Subdivision in the City of Toledo, Lucas County as per plat        307          

thereof recorded in Volume 76 of Plats, Page 45, Lucas County      308          

Records; containing 31.8034 acres more or less.                    309          

      (B)  Prior to executing a deed to convey the real estate     311          

                                                          10     

                                                                 
described in division (A) of this section or any portion of that   313          

real estate, the Board of Trustees of the Foundation shall survey  314          

the real estate to be conveyed, prepare a legal description of     315          

that real estate, and deliver the description to the Auditor of    316          

State for preparation of the deed.                                              

      (C)  The consideration for the real estate described in      318          

division (A) of this section or any portion of that real estate    319          

shall be a purchase price acceptable to the Board of Trustees of   320          

the Foundation following a survey, or a review of a legal          321          

description, by a licensed surveyor and an appraisal by one or     322          

more disinterested persons.                                        323          

      (D)  Any offer to purchase the real estate described in      325          

division (A) of this section or any portion of that real estate    326          

must be accompanied by a deposit of not less than one per cent of  327          

the purchase price in money order, bank draft, certified check,    328          

or wire transfer.  The balance of the purchase price must be paid  329          

within sixty days after notification of acceptance of the offer    330          

has been sent by the Foundation's Board of Trustees to the         331          

offeror, or at such later time as is specified in the contract of  332          

sale.  If an offer has been accepted and the offeror does not pay  333          

the balance within the time limits provided in this division, the  334          

offeror shall forfeit the deposit to the Board of Trustees as      335          

liquidated damages, in addition to other remedies that may be      336          

contained in the contract of sale.                                 337          

      (E)  After acceptance of a contract of sale by the           339          

Foundation's Board of Trustees, the Auditor of State, with the     341          

assistance of the Attorney General, shall prepare a deed to the    342          

real estate described pursuant to division (B) of this section.    343          

The deed shall state the consideration, be executed by the         344          

Governor and the Foundation's Board of Trustees, be presented in   345          

the Office of the Auditor of State for recording, and be           346          

delivered to the purchaser.  The purchaser shall present the deed  347          

for recording in the Office of the Lucas County Recorder.          348          

      (F)  Advertising costs, appraisal fees, and all other costs  350          

                                                          11     

                                                                 
of the conveyance of the real estate described in division (A) of  351          

this section or any portion of that real estate shall be paid by   352          

the Board of Trustees of the Foundation unless otherwise           353          

specified in the contract of sale.                                 354          

      (G)  The net proceeds of the conveyance of the real estate   356          

described in division (A) of this section or any portion of that   358          

real estate shall be deposited in the appropriate Foundation                    

accounts as determined by the Foundation's Board of Trustees for   359          

the charitable and educational purposes of the Foundation.         360          

      (H)  Each deed signed by the Governor and the Board of       362          

Trustees of the Foundation pursuant to division (E) of this        363          

section shall contain the following recital:                       364          

      "By the Governor's signature hereon, the State of Ohio       366          

hereby releases its reversionary interest and any other            367          

restrictions set forth in the Governor's Deed recorded at Volume   368          

2458, Page 244 of the Lucas County, Ohio Records, and in Am. S.B.  369          

410 of the 110th General Assembly, effective September 30, 1974."               

      Section 3.  (A)  The Governor is hereby authorized to        371          

execute a deed in the name of the state conveying to George W.     372          

Morris and his heirs and assigns all of the state's right, title,  373          

and interest in the following described two parcels of real        374          

estate:                                                                         

      Parcel 1                                                     376          

      Situated in the City of Salem, County of Columbiana and      377          

State of Ohio, and being those lands conveyed to the State of      379          

Ohio, Department of Public Works by Deed of Record in Deed Book    380          

1276, Page 538, Recorder's Office, County of Columbiana, State of  381          

Ohio, and being more particularly described as follows:  Being     383          

Lot No. 127 in the Tolerton and Kidd Addition to the said City of  384          

Salem, fronting 50 feet on the East side of Penn Avenue with an    385          

even depth of 150 feet.                                                         

      Parcel 2                                                     387          

      Situated in the City of Salem, County of Columbiana and      388          

State of Ohio, and being those lands conveyed to the State of      389          

                                                          12     

                                                                 
Ohio, Department of Public Works by Deed of Record in Deed Book    390          

1276, page 536, Recorder's Office, County of Columbiana, State of  391          

Ohio, and being more particularly described as follows:  Known as  393          

and being Lot No. One Hundred Twenty-two (122) in Tolerton and                  

Kidd's Addition of Lots to the City of Salem, Ohio.                394          

      (B)  Consideration for the conveyance of the two parcels of  396          

real estate described in division (A) of this section is a         397          

purchase price of two hundred five thousand dollars and no cents   398          

($205,000).                                                                     

      (C)  The proceeds of the conveyance of the real estate       400          

described in division (A) of this section shall be deposited into  401          

the Building Consolidation Fund in the state treasury, which is    403          

hereby created in the state treasury.  At the request of the       404          

Administrator of the Ohio Bureau of Employment Services, the                    

Treasurer of State shall transfer funds from the Building          405          

Consolidation Fund to the OBES Building Enhancement Fund, which    406          

is hereby created in the state treasury.  The proceeds of the      407          

conveyance, less any amount that may be deducted pursuant to this  409          

section for the costs of the conveyance, shall be used to enhance               

other facilities owned by the Ohio Bureau of Employment Services   410          

in which the United States Department of Labor has full equity.    411          

If any amount of the proceeds cannot be used for this purpose,     412          

the Administrator shall return that unusable portion of the        413          

proceeds, less any amount deducted pursuant to this section for                 

the costs of the conveyance, to the United States Department of    414          

Labor.  An amount may be deducted from the proceeds to cover the   415          

costs of the conveyance. The amount of the proceeds that is        416          

deducted for that purpose shall be credited to the Unemployment    417          

Compensation Special Administration Fund created under section     418          

4141.11 of the Revised Code.                                                    

      (D)  Upon the payment of the purchase price by George W.     420          

Morris, the Auditor of State, with the assistance of the Attorney  421          

General, shall prepare a deed to the real estate described in      422          

division (A) of this section.  The deed shall state the            423          

                                                          13     

                                                                 
consideration.  The deed shall be executed by the Governor in the               

name of the state, countersigned by the Secretary of State,        424          

sealed with the Great Seal of the State, presented in the Office   425          

of the Auditor of State for recording, and delivered to George W.  426          

Morris.  George W. Morris shall present the deed for recording in  427          

the Office of the Columbiana County Recorder.                                   

      (E)  George W. Morris shall pay the costs of the conveyance  429          

of the property described in division (A) of this section.         430          

      (F)  Divisions (A), (B), (D), and (E) of this section        432          

expire one year after the effective date of this act.              433          

      Section 4.  This act is hereby declared to be an emergency   435          

measure necessary for the immediate preservation of the public     436          

peace, health, and safety.  The reason for such necessity is to    437          

enable the development of The Advanced Technology Park of          438          

Northwest Ohio, described in Section 1 of this act, and to         439          

maximize the proceeds of the sale of real estate described in      440          

Section 2 of this act by enabling the conveyances to take place    441          

in a manner competitive with other real estate transactions as     442          

soon as willing and able purchasers make offers, which will        443          

result, at the earliest possible times, in the availability of     444          

revenues for support of the academic institution's teaching and    445          

research programs and the development of The Advanced Technology   446          

Park of Northwest Ohio; and to enable the conveyance described in  447          

Section 3 of this act to take place as soon as practicable so      448          

that the grantee can make urgently needed repairs in the roof of   449          

the building located on the property so that the property will     450          

not incur additional damage while under state control.             451          

Therefore, this act shall go into immediate effect.                452