title
Resolution authorizing the Mayor and the Director of the Department of Finance 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 Block 25-P, Lots 11 and 12, in the 2nd Ward of the City of Pittsburgh (2608 Penn Avenue - Council District 1), to the Urban Redevelopment Authority of Pittsburgh ("URA") for consideration of $1.00, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements with the URA setting forth the rights and obligations of the City and the URA relating to these initial conveyances and further setting forth the rights and obligations of the City and the URA relating to the subsequent disposition of this property to a third party at no cost to the City.
body
Whereas, pursuant to the Urban Redevelopment Law, 35 P.S. ? 1701 et. seq. the URA is authorized to steward the development process, evaluate proposals, and ultimately sell property to promote the City's economic development; and
Whereas, pursuant to this authority and subject to the approval of its Board of Directors, the URA desires to acquire all of the City's right, title and interest, if any, in City-owned properties located in the 2nd Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County as Block 25-P, Lots 11 and 12 for consideration of $1.00, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements between the City and the URA setting forth the rights and obligations of the City and the URA relating to the conveyances; and
Whereas, the Council of the City of Pittsburgh now desires to approve the conveyances to the URA, subject to the conditions set forth below.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of t...
Click here for full text