Presenter
Presented by Ms. Carlisle
Title
Resolution approving Execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and J. Christopher Enterprises, Inc., or an entity to be formed, for the Sale of Parcel 4A, Subdistrict 2 East in the Fourth Ward of the City of Pittsburgh - Part of Block 29F, Lot 80 - Technology Drive - Council District No. 6 - in Pittsburgh Technology Center (construction of wet laboratories and office building).
Body
Whereas, pursuant to Ordinance No. 52 approved August 29,1988, and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, as amended, the Redevelopment Proposal for Redevelopment Area No. 50 in the Fourth Ward of the City of Pittsburgh was approved; and
Whereas, the Urban Redevelopment Authority of Pittsburgh has requested authorization to execute a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and J. Christopher Enterprises, Inc., or an entity to be formed, in connection with the sale of Parcel 4A, Subdistrict 2 East for $300,000.00 per acre, said property being located in the Fourth Ward of the City of Pittsburgh in Redevelopment Area No. 50 and
Whereas, the Council of the City of Pittsburgh believes that the proposed Contract is in the best interest of the City of Pittsburgh and the desires to give its approval in accordance with the provisions of the Urban Redevelopment Law.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. That execution of the Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and J. Christopher Enterprises, Inc., or an entity to be formed, in connection with the sale of Parcel 4A, Subdistrict 2 East, for $300,000.00 per acre, said property being located in the Fourth Ward of the City of Pittsburgh, be and the same is hereby approved, said Contract being in conformity with the Redevelopment Proposal for Redevelopment Area No. 50 in the Fourth Ward of the City of Pittsburgh.