Presenter
Presented by Mr. Deasy
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Downtown Streets Pittsburgh, L.P. for the sale of Block 1D, Lots 266, 268, 273, 274, 276, 278, 279 & 280, in the 2nd Ward of the City of Pittsburgh for $2,310,000.00 - Council District No. 6, 212-236 Fifth Avenue, 225 Forbes Avenue & 12-16 McMasters Way (residential and commercial rehabilitation).
Body
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 Downtown Streets Pittsburgh, L.P., in connection with the sale of Block 1D, Lots 266, 268, 273, 274, 276, 278, 279 & 280, for $2,310,000.00, said property being located in the 2nd 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 a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Downtown Streets Pittsburgh, L.P., in connection with the sale of Block 1D, Lots 266, 268, 273, 274, 276, 278, 279 & 280, for $2,310,000.00, said property being located in the 2nd Ward of the City of Pittsburgh, be and the same is hereby approved.