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 the Pittsburgh Housing Development Corporation, or an entity to be formed, for the Sale of Block 26-P, Lot 120, in the 5th Ward of the City of Pittsburgh - Council District No. 6 (Residential Construction).
Body
Whereas, pursuant to Ordinance No. 417, approved October 12, 1972, and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, as amended, the Neighborhood Housing Fund Cooperation Agreement 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 the Pittsburgh Housing Development Corporation, or an entity to be formed, in connection with the sale of Block 26-P, Lot 120, said property being located in the 5th Ward of the City of Pittsburgh; and
Whereas, this property has been acquired by monies from the Neighborhood Housing Fund; 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.
Now, therefore, 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 the Pittsburgh Housing Development Corporation, or an entity to be formed, for the sale of Block 26-P, Lot 120, in the 5th Ward of the City of Pittsburgh, be and the same is hereby approved, said Contract being in conformity with the terms and conditions of the Neighborhood Housing Fund Cooperation Agreement.