(a)The state board of regents, for and on behalf of Wichita state university, is hereby authorized to exchange and convey the real property described in subsection (b) in consideration for the real property described in subsection (c) along with other good and valuable consideration negotiated between the parties.
(b)In accordance with the provisions of this section, the state board of regents is hereby authorized to exchange and convey the following described real property located in Sedgwick county, Kansas:
A parcel of land in the Northeast Quarter of Section 11, Township 27 South, Range 1 East of the Sixth Principal Meridian, Wichita, Sedgwick County, Kansas described as follows:
Beginning at the Southwest corner of Lot 1, Wheatshocker Addition to Wichita, Sedgwick County, Kansas; the
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(a) The state board of regents, for and on behalf of Wichita state university, is hereby authorized to exchange and convey the real property described in subsection (b) in consideration for the real property described in subsection (c) along with other good and valuable consideration negotiated between the parties.
(b) In accordance with the provisions of this section, the state board of regents is hereby authorized to exchange and convey the following described real property located in Sedgwick county, Kansas:
A parcel of land in the Northeast Quarter of Section 11, Township 27 South, Range 1 East of the Sixth Principal Meridian, Wichita, Sedgwick County, Kansas described as follows:
Beginning at the Southwest corner of Lot 1, Wheatshocker Addition to Wichita, Sedgwick County, Kansas; thence bearing North 00 degrees 00 minutes 00 seconds East along the West line of said Lot 1 for a distance of 160.00 feet; thence bearing North 89 degrees 39 minutes 30 seconds East, parallel with the South line of said Lot 1, for a distance of 80.00 feet; thence bearing North 00 degrees 00 minutes 00 seconds East parallel with the West line of said Lot 1 for a distance of 6.00 feet; thence bearing North 89 degrees 39 minutes 30 seconds East, parallel with the South line of said Lot 1, for a distance of 62.00 feet; thence bearing South 00 degrees 00 minutes 00 seconds West, parallel with the West line of said Lot 1, for a distance of 166.00 feet to the South line of said Lot 1; thence bearing South 89 degrees 39 minutes 30 seconds West, along the South line of said Lot 1, for a distance of 142.00 feet to the Point of Beginning; said Parcel encompassing 0.53 acres, more or less (23,092 square feet, more or less).
(c) In accordance with the provisions of this section, Wichita state university is hereby authorized to accept title to the following described real property located in Sedgwick county, Kansas to be conveyed to Wichita state university: Beginning at a point 200 feet north of the SW corner of the NE/4 of Section 11, Township 27 South, Range 1 East, thence north 150 feet; thence east 80 feet; thence south 150 feet; thence west to the point of beginning, together with the right of ingress and egress to and from the same. LESS: The Southernmost 6 feet of the above described property.
(d) The exchange and conveyance of real property by the state board of regents under this section shall be executed in the name of the state board of regents by its chairperson and executive officer. The deed for such conveyance may be by warranty deed or by quitclaim deed as determined to be in the best interests of the state by the state board of regents in consultation with the attorney general. No exchange and conveyance of real estate and improvements thereon as authorized by this section shall be made by the state board of regents until the deeds and conveyances have been reviewed and approved by the attorney general and, if warranty deeds are to be the instruments of conveyance, title reviews have been performed or title insurance has been obtained and the title opinion or the certificates of title insurance, as the case may be, have been approved by the attorney general. In the event that the state board of regents determines that the legal description of the real estate described in this section is incorrect, the state board of regents may convey the property utilizing the correct legal description but the deed conveying the property shall be subject to the approval of the attorney general. The conveyance authorized by this section shall not be subject to the provisions of K.S.A. 75-6609, and amendments thereto.