Presenter
Presented by Mr. Udin
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and John Hancock for the sale of Block 22-L, Lot 162 in the 21st ward of the City of Pittsburgh in Redevelopment Area No. 27 (Council District No. 6 – 1529 Bidwell Street – Residential Rehabilitation).
Body
Whereas, pursuant to Ordinance No. 469, approved October 22, 1970, 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. 27 in the 21st 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 John Hancock in connection with the sale of Block 22-L, Lot 162, for $21,000.00, said property being located in Redevelopment Area No. 27 in the 21st 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 the desire to give its approval in accordance with the provisions of the Urban Redevelopment Law.
Be it resolved that the Council of the City of Pittsburgh hereby enacts 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 John Hancock in connection with the sale of Block 22-L, Lot 162,f or $21,000.00, said property being located in the 21st 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. 27 in the 21st Ward of the City of Pittsburgh.