Title
Resolution Approving Execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and AHI Development, Inc., or an entity to be formed, with respect to the sale of Block 56-F, Lots 111, 113, 114, 115 and 325, situated in the 15th Ward of the City of Pittsburgh - Council District No. 5 (4847-4835 2nd Avenue).
Body
Whereas, pursuant to Ordinance No. 320, approved June 25, 1973, 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. 40, in the 15th 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 AHI Development, Inc., in connection with the sale of Block 56-F, Lots 111, 113, 114, 115 and 325, for $80,000.00, said property being located in the 15th Ward of the City of Pittsburgh; 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 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 AHI Development Inc., for the sale of Block 56-F, Lots 111, 113, 114, 115 and 325, in the 15th Ward of the City of Pittsburgh for $80,000.00, be and the same is hereby approved, said Contract being in conformity with the Redevelopment Proposal for Redevelopment Area No. 40 in the 15th Ward of the City of Pittsburgh.
Finally, that any Ordinance or Resolution or part thereof conflicting with the provisions of this Resolution, is hereby repealed so far as the same affects this Resolution.