Presenter
Presented by Mr. Dowd
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and S & A Homes, or an entity to be formed, for the sale of Block 50-K, Lot 166 and Block 50-F, Lot 35 in the 10th Ward of the City of Pittsburgh - Council District No. 9 - 5012 Broad Street and 5021 Kincaid Street.
Body
Whereas, pursuant to Ordinance No. 393, approved September 15, 1967, and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P. L. 991, as amended, the Residential Land Reserve 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 S & A Homes, or an entity to be formed, in connection with the sale of Block 50-K, Lot 166 and Block 50-F, Lot 35, for $3,000.00 plus costs, said property being located in the 10th Ward of the City of Pittsburgh; and
Whereas, this property is being acquired by monies from the Residential Land Reserve 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 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 a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and S & A Homes, or an entity to be formed, in connection with the sale of Block 50-K, Lot 166 and Block 50-F, Lot 35, for $3,000.00 plus costs, be and the same is hereby approved, said Contract being in conformity with the terms and conditions of the Residential Land Reserve Fund Cooperation Agreement.