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Resolution amending Resolution 557 of 2016 to remove certain properties, designated as lot and blocks 2-P-110 and 2-P-120, from the transaction and cooperation agreement authorized therein.
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WHEREAS, Resolution 557 of 2016 authorized the conveyance of certain City property to the Urban Redevelopment Authority pursuant to a cooperation agreement also authorized therein; and
WHEREAS, City has determined that the best interests of the City are served by removal of certain properties, designated as lot and blocks 2-P-110 and 2-P-120, from this arrangement; and
Be it resolved by the Council of the City of Pittsburgh as follows:
Resolution 557 of 2016 at Section 1 and Exhibit A is hereby amended to remove references to parcels 2-P-110 and 2-P-120 as follows:
Section 1. The Mayor and the Director of the Department of Finance of the City of Pittsburgh are authorized to execute a quit claim deed or deeds, and any other necessary or appropriate documents, agreements, and instruments conveying AS IS all of the City's right, title and interest, if any, in City-owned properties located in the 1st Ward, 2nd Ward, 6th Ward, 10th Ward, and 15th Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County as [Block 2-P, Lot 110 and Lot 120,] Block 11-E, Lot 81, Lot 82, and Lot 85, Block 25-B, Lot 5 and Lot 15, Block 25-F, Lot 89-0000-02, Block 25-P, Lot 11 and Lot 12, Block 10-A, Lot 55, and Block 56-B, Lot 240 (each a "Property" collectively the "Properties"), for which a more detailed description is attached hereto and incorporated herein as Exhibit A, to Urban Redevelopment Authority of Pittsburgh (the "URA") for consideration of $1.00 each. Costs of closing of the Properties for these transfers from the City to the URA, including recording fees, and transfer taxes, will be split equally by the parties as further set forth in the Cooperation Agreement authorized in Section 2 herein.
Section 2. The aforementioned con...
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