Page:United States Statutes at Large Volume 70.djvu/1164

 1108

Atlanta, Ga.

PUBLIC LAW 1020-AUG. 7, 1966

[70 S T A T.

that any net revenues be applied by such city as advance payment on the last maturing installments of the purchase price. (d)(1) Notwithstanding any other provision of law, the Public Housing Commissioner is authorized and directed to sell and convey by quitclaim deed to the Georgia Institute of Technology, upon full payment in cash of the purchase price determined under paragraph (2), all of the right, title, and interest of the United States in and to that real property (including furniture, fixtures, and equipment located on the property on the date of the execution of the contract or sale under this subsection), situated in Atlanta, Georgia, known as the Tech wood Dormitory and more particularly described as follows: Commencing at the intersection of the south line of North Avenue with the east line of Tech wood Drive; thence running north 89 degrees 45 minutes east 94.47 feet along the south line of North Avenue to the east line of property formerly owned by Mrs. Emma L. Ellis; thence south 00 degrees 12.5 minutes east 155.0 feet more or less to the south line of an alley formerly known as Linden Alley and the north line of property formerly owned by Mildred W. Seydel; thence north 89 degrees 45 minutes east along the south line of said alley 170.0 feet more or less to a point in the south side of said alley which is distant 100.0 feet westerly from the west line of William Street; thence south 00 degrees 12.5 minutes east 290.0 feet more or less to a point on the south side of the former location of Linden Avenue, which point is 100.0 feet more or less west of the west line of Williams Street; thence running south 89 degrees 45 minutes west 281.57 feet more or less along the south side of the former location of Linden Avenue to its intersection with the east line of Tech wood Drive; thence north 00 degrees 02 minutes east 293.88 feet more or less along the east line of Tech wood Drive; thence north 6 degrees 06 minutes east 151.98 feet more or less along the east line of Tech wood Drive to its intersection with the south line of North Avenue and the point of beginning.

(2) The purchase price of the property referred to in paragraph (1) shall be the fair market value of the land described in such paragraph on the date of the execution of the contract of sale under this subsection, as determined by the Public Housing Commissioner, excluding for purposes of such determination the value of any buildings, furniture, fixtures, and equipment located on such land. (3) If the property referred to in paragraph (1) is not sold and conveyed to the Georgia Institute of Technology within six months after the date of the enactment of this Act, the Public Housing Commissioner shall dispose of such property at public sale to the highest competitive bidder. co°n" ****"*'"'^' (^) ^ ^ ^ ^^^^ proviso of subsection (c) of section 108 of the Housing 69 Stat. 638. Amendments or 1955 is amended by striking out "12" and inserting in lieu thereof "24". PAYMENTS IN LIEU OF TAXES

SEC. 408. Notwithstanding the provisions of any other law or any contract or rule of law, the Public Housing Commissioner shall approve payments in lieu of taxes for project fiscal years ending prior to April 1, 1956, by each of the following local public agencies in the following amounts: Housing Authority of the City of Houston (Texas), $200,324.82. Quincy Housing Authority (Illinois), $12,549.75. Housing Authority of the City of Fresno (California), $6,874.13. Reading Housing Authority (Pennsylvania), $11,106.59. Huntington, West Virginia, Housing Authority (West Virginia), $13,049.38.

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