To authorize the Board of Trustees of Bowling Green State University to convey state-owned real estate located in Wood County, and to authorize the Governor to convey state-owned real estate located in Wood County.

SECTION 1 .  (A) The Board of Trustees of Bowling Green State University is hereby authorized to execute deeds in the name of the Board of Trustees conveying to purchasers and the purchasers' heirs and assigns or successors and assigns all of the Board's right, title, and interest in any portion of the following described real estate:

Parcel No. 1

Situated in the County of Wood, State of Ohio, and Township of Center, and bounded and described as follows:

Commencing at the northeast corner of the southeast quarter of the northeast quarter of Section 20, Town 5 North, Range 11 East, thence west along the center of a ditch 19 chains, 26 links to a ditch; then south along the last named ditch 22 chains, 80 links thence east to the east line of said section to a point 42 chains, 27 links south of the northeast corner thereof; thence north 22 chains, 80 links to the place of beginning, containing 44 acres more or less, all in Center Township, Wood County, Ohio.

Parcel No. 2

The North three-fourths (3/4) of the East one-half (1/2) of Section 20, Town Five North, Range Eleven (11) East, Center Township, Wood County, Ohio, less the following described parcels, to-wit:

Parcel A. Commencing 20 11/100 chains east of the center of the southwest quarter of Section 20, Town 5 North, Range 11 East, Wood County, Ohio, thence north 39 78/100 chains to a stone, thence west 11 71/100 links, thence north on the half section line to a stone in the Poe Road, thence East 2 71/100 chains, thence southerly 59 50/100 chains to the Meeker Road, thence west 77 1/2 links to the place of beginning, containing 11 acres.

Parcel B. The east 74.28 acres, more or less, of the North one-half (1/2) of the Northeast quarter (1/4) of said Section 20, being all that portion thereof which lies east of the eleven (11) acre tract hereinbefore described heretofore conveyed to Joseph H. Mitchell.

Parcel C. Commencing at the northeast corner of the southeast quarter of the northeast quarter of said section 20, thence west along the center of a ditch, 19 chains 26 links to a ditch, thence south along the last named ditch 22 chains 80 links, thence east to the east line of said section at a point 42 chains 27 links south of the northeast corner thereof, thence north 22 chains 80 links to the place of beginning, containing 44 acres, more or less.

Parcel D. Commencing 78 feet north of the east quarter post of the southeast quarter of said Section 20, thence west 131 feet, thence north 76 feet, thence East 131 feet, thence south 76 feet to the place of beginning, containing one-fourth (1/4) of an acre more or less.

Parcel E. All lands in the right-of-way of Interstate 75 conveyed to the State of Ohio, Department of Highways in a deed recorded in Volume 445, page 829 in the records of Wood County, Ohio.

(B) Prior to executing a deed to convey any portion of the real estate described in division (A) of this section, the Board of Trustees of Bowling Green State University shall have the parcel to be conveyed surveyed, prepare a legal description to the parcel, and deliver the description to the Auditor of State for preparation of the deed.

(C) The consideration for the real estate described in division (A) of this section, or any portion thereof, shall be a purchase price acceptable to the Board of Trustees of Bowling Green State University following a survey by a licensed surveyor and an appraisal by one or more disinterested persons.

(D) The real estate described in division (A) of this section, or any portion thereof, shall be conveyed only to persons whose intended use of the real estate is consistent with the purposes of Bowling Green State University, which include facilitating the broadening of the economic base of Wood County and the City of Bowling Green.

(E) Any offer to purchase shall be accompanied by a deposit of up to ten per cent of the purchase price as determined appropriate by the Board of Trustees of Bowling Green State University, in money order or bank draft. The balance of the purchase price shall be paid within sixty days after notification of acceptance of the offer has been sent by the Board of Trustees to the offeror, or at such later time as is specified in the contract of sale. If an offer has been accepted and the offeror does not pay the balance within the time limits provided in this division, the offeror shall forfeit the deposit to the Board of Trustees as liquidated damages.

(F) Upon payment of the purchase price by the purchaser, the Auditor of State, with the assistance of the Attorney General, shall prepare a deed to the real estate described in division (A) of this section. The deed shall state the consideration and shall be executed by the Board of Trustees of Bowling Green State University and presented in the office of the Auditor of State for recording, and delivered to the purchaser. The purchaser shall present the deed for recording in the office of the Wood County Recorder.

(G) Advertising costs, appraisal fees, and all other costs of the sale of the real estate described in division (A) of this section shall be paid by the Board of Trustees of Bowling Green State University unless otherwise specified in the contract of sale.

(H) The net proceeds of sales of the real estate described in division (A) of this section, or any portion thereof, shall be paid to Bowling Green State University and deposited in the appropriate University accounts for purposes to be determined by the Board of Trustees of Bowling Green State University.

SECTION 2 .  (A) The Governor is hereby authorized to execute deeds in the name of the state conveying to purchasers and the purchasers' heirs and assigns or successors and assigns all of the state's right, title, and interest in any portion of the following described real estate:

Parcel No. 1

Situated in the County of Wood, in the State of Ohio, and in the Township of Center, Town 5 North, Range 11 East in the South half of Section 17, and being a part of that land conveyed to the State of Ohio, Department of Highways in a deed recorded in Volume 445, Page 879, in the records of Wood County, described as follows:

Beginning at a point in the South line of the Southwest quarter of Section 17, Town 5 North, Range 11 East in Poe Road, 1986.60 feet East from the Southwest corner of said Section 17, said point being in the Southwest corner of lands owned by the State of Ohio Department of Highways; thence North 1 degree 08 minutes 46 seconds West along the East property line of lands owned by Bowling Green State University, a distance of 2630.76 feet to a point in the East-West half section line of said Section 17, said point being in the Northwest corner of property herein described, and being 1986.60 feet East of the Northwest corner of said Southwest quarter of said section; thence South 89 degrees 06 minutes 35 seconds East along said East-West half section line, a distance of 1702.14 feet to a point in the West Limited Access right-of-way line of I.R. 75, Section 14.91, in Wood County; thence South 1 degree 01 minutes 10 seconds East along said right-of-way line a distance of 775.89 feet to a point; thence South 0 degrees 18 minutes 37 seconds West, along said right-of-way line, a distance of 1749.76 feet to a point; thence South 88 degrees 11 minutes 55 seconds West, a distance of 1127.42 feet to a point; thence South 0 degrees 46 minutes 18 seconds West, a distance of 50.00 feet to a point in the South line of the Southwest quarter of Section 17, 172.78 feet West of the Southeast corner of the Southwest quarter of Section 17; thence North 89 degrees 13 minutes 42 seconds West, a distance of 526.16 feet along the South line of the Southwest quarter of Section 17 and Poe Road, to the point of beginning, containing 100.95 acres, more or less.

Parcel No. 2

Situated in the County of Wood in the State of Ohio, and in the Township of Center, Town 5 North, Range 11 East in the North half of Section 17, and being a part of that land conveyed to the State of Ohio, Department of Highways in a deed recorded in Volume 445, Page 888, in the records of Wood County, Ohio, described as follows:

Beginning at a point in the North line of the Northeast quarter of Section 17 in Newton Road, at the intersection of the West Limited Access right-of-way line of I.R. 75, Section 14.91 in Wood County, 1002.83 feet East from the Northwest corner of the Northeast quarter of said Section 17, and 1660.48 feet west from the Northeast corner of the Northeast quarter of said Section 17; thence South 0 degrees 18 minutes 37 seconds West along said right-of-way line, a distance of 2632.20 feet to a point in the East-West half section line of Section 17, 1675.46 feet from the Southeast corner of the Northeast quarter of Section 17; thence North 89 degrees 06 minutes 35 seconds West along said East-West half section line, a distance of 1356.90 feet to a point in the Southwest corner of the parcel herein described; thence North 0 degrees 46 minutes 52 seconds East along the West property line of said parcel, a distance of 2621.39 feet to a point in the North line of the Northwest quarter of Section 17 and in Newton Road, 332.48 feet West of the Northeast corner of said Northwest quarter of Section 17; thence South 89 degrees 34 minutes 40 seconds East, a distance of 332.48 feet to the Northeast corner of said Northeast quarter, thence South 89 degrees 33 minutes 53 seconds East along the North line of the Northeast quarter of Section 17, a distance of 1002.83 feet to the place of beginning, containing 81.17 acres, more or less.

Parcel No. 3

All that part of the North three-quarters of Section 20, Center Township, Wood County, Ohio, lying east of the East line of Interstate 75 (lands for Interstate 75 conveyed to the State of Ohio, Department of Highways, by instrument recorded in Volume 453, Page 861, Deed Records, Wood County, Ohio), excepting therefrom the following described two parcels of real estate, to wit:

Parcel A: Commencing 75 feet north of the east quarter post of the Southeast quarter of Section 20, Center Township, Wood County, Ohio, thence West 131 feet; thence North 76 feet; thence East 131 feet; thence South 76 feet to the place of beginning, containing about one-quarter of an acre, more or less; and

Parcel B: Beginning at the Northeast Corner of Section 20, Town 5 North, Range 11 East, Center Township, Wood County, Ohio, said point being the intersection of the center lines of Dunbridge and Poe Roads; thence Southerly along the center line of Dunbridge Road and East line of Section 20, a distance of twelve hundred and eighty five and 02/100 (1,285.02) feet to the South line of the North one-half (1/2) of the Northeast one-quarter (1/4) of Section 20; thence Westerly along the last described line a distance of fourteen hundred thirty four (1,434) feet, more or less, to the Eastern right-of-way line of I-75; thence Northerly and along said right-of-way line a distance of thirteen hundred five (1,305) feet, more or less, to the North line of Section 20 and center line of Poe Road; thence Easterly along last described line a distance of fourteen hundred one and 26/100 (1,401.26) feet to the place of beginning. Subject, however, to all legal highways, rights-of-way, easements and appurtenances thereunto included. Containing 42 acres, more or less.

(B) Prior to the Governor executing a deed to convey any portion of the real estate described in division (A) of this section, the Board of Trustees of Bowling Green State University shall have the parcel to be conveyed surveyed, prepare a legal description to the parcel, and deliver the description to the Auditor of State for preparation of the deed.

(C) The consideration for the real estate described in division (A) of this section, or any portion thereof, shall be a purchase price acceptable to the Board of Trustees of Bowling Green State University following a survey by a licensed surveyor and an appraisal by one or more disinterested persons.

(D) The real estate described in division (A) of this section, or any portion thereof, shall be conveyed only to persons whose intended use of the real estate is consistent with the purposes of Bowling Green State University, which include facilitating the broadening of the economic base of Wood County and the City of Bowling Green.

(E) Any offer to purchase shall be accompanied by a deposit of up to ten per cent of the purchase price as determined appropriate by the Board of Trustees of Bowling Green State University, in money order or bank draft. The balance of the purchase price shall be paid within sixty days after notification of acceptance of the offer has been sent by the Board of Trustees to the offeror, or at such later time as is specified in the contract of sale. If an offer has been accepted and the offeror does not pay the balance within the time limits provided in this division, the offeror shall forfeit the deposit to the Board of Trustees as liquidated damages.

(F) Upon payment of the purchase price by the purchaser, the Auditor of State, with the assistance of the Attorney General, shall prepare a deed to the real estate described in division (A) of this section. The deed shall state the consideration. The deed shall be executed by the Governor in the name of the state, countersigned by the Secretary of State, sealed with the Great Seal of the State, presented in the office of the Auditor of State for recording, and delivered to the purchaser. The purchaser shall present the deed for recording in the office of the Wood County Recorder.

(G) Advertising costs, appraisal fees, and all other costs of the sale of the real estate described in division (A) of this section shall be paid by the Board of Trustees of Bowling Green State University unless otherwise specified in the contract of sale.

(H) The net proceeds of sales of the real estate described in division (A) of this section, or any portion thereof, shall be paid to Bowling Green State University and deposited in the appropriate University accounts for purposes to be determined by the Board of Trustees of Bowling Green State University.

SECTION 3 .  This act shall expire ten years after its effective date.