Presenter
Presented by Mr. Udin
Title
Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to Acquire all of the City's Right, Title and Interest, if any, in and to the Publicly-Owned Property in the 5th Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County, as Block 10-K, Lot 40, under the Industrial Land Reserve Fund (Council District No 6 - 2211 Mahon Street).
Body
Whereas, by Ordinance No. 427 of 1964, as amended, the Council of the City of Pittsburgh authorized the Mayor and the Director of the Department of Lands and Buildings to enter into a Cooperation Agreement with the Urban Redevelopment Authority of Pittsburgh providing for the establishment of an Industrial Land Reserve Fund and specifying the purposes, amount, and source of said Fund; and
Whereas, in accordance with the terms and provisions of said Ordinance No. 427 of 1964, as amended, the Mayor and the Director of the Department of Lands and Buildings of the City of Pittsburgh entered into a Cooperation Agreement with the Urban Redevelopment Authority of Pittsburgh dated December 14, 1964, as amended; and
Whereas, in accordance with the terms and provisions of said Industrial Land Reserve Fund Cooperation Agreement, the Urban Redevelopment Authority of Pittsburgh must obtain the approval of the Council of the City of Pittsburgh prior to the acquisition of any vacant and improved real property; and
Whereas, the Urban Redevelopment Authority of Pittsburgh, in accordance with the terms and conditions of said Cooperation Agreement desires to acquire all of the City's right, title and interest, if any, in and to the publicly-owned property in the 5th Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County as Block 10-K, Lot 40, for the sum of $1.00 plus all necessary and incidental expenses in connection with such acquisition; and
Whereas, the Council of the City of Pittsburgh believes that the aforesaid acquisition of said publicly-owned property by Urban Redevelopment Authority of Pittsburgh will effectuate the purposes and provisions of the said Industrial Land Reserve Fund Cooperation Agreement and desires to give approval to the acquisition by Urban Redevelopment Authority of Pittsburgh.
Be it resolved that the Council of the City of Pittsburgh hereby enacts as follows:
Section 1. That the Urban Redevelopment Authority of Pittsburgh, in accordance with the purposes and provisions of the Industrial Land Reserve Fund Cooperation Agreement dated December 14, 1964, between said Authority and the City of Pittsburgh, be and is hereby authorized to acquire, for the sum of $1.00 plus all necessary and incidental expenses in connection with such acquisition, all of the City's right, title and interest, if any, in and to the publicly-owned property in the 5th Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County as follows:
WARD BLOCK & LOT ADDRESS
5th 10-K-40 2211 Mahon Street
Section 2. That the Urban Redevelopment Authority of Pittsburgh is authorized to incur said necessary and incidental expenses in connection with said acquisition as allowed under the Industrial Land Reserve Fund Cooperation Agreement, all of which sums shall be paid out of the monies of the Industrial Land Reserve Fund.