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Resolution authorizing the Mayor and the Director of the Department of Finance, to enter, on behalf of the City of Pittsburgh, into an Agreement of Sale with Smith & Bowen, and all documents necessary, to purchase 80 Wabash St. for a total amount not to exceed $374,000, which includes the purchase price of $344,000 plus acquisition costs, for the purpose of continued operation of the City's West End Healthy Active Living Center (Senior Center).
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WHEREAS, for many years the property located at 80 Wabash St. ("property") has been leased by the City from Smith & Bowen for operation of the City's West End Healthy Active Living Center (Senior Center); and
WHEREAS, the City has determined that it is in the best interests of the community and itself to purchase the property; and
WHEREAS, Smith & Bowen has agreed to sell said property to the City; and
WHEREAS, the City wishes to enter into an agreement with Smith & Bowen in order to acquire said property.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. Resolution authorizing the Mayor and the Director of the Department of Finance, to enter, on behalf of the City of Pittsburgh, into an Agreement of Sale and all related documents necessary to effect the purchase by the City of 80 Wabash St. in the 20th Ward of the City of Pittsburgh, County of Allegheny, Commonwealth of Pennsylvania, identified as Block and Lot Number 0019-H-00197, with the current property owner of said parcel, Smith & Bowen, and to accept a deed for the properties. All documents must be approved as to form by the City Solicitor.
The purchase price of $344,000.00, closing costs, and other associated auxiliary costs as stipulated in said Agreement of Sale (collectively the "Acquisition Costs"), shall not exceed THREE HUNDRED SEVENTY-FOUR THOUSAND ($374,000.00) DOLLARS. Monies allocated for the Acquisition Costs shall be authorized for appropriation from the following code account:
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