Presenter
Presented by Mr. Peduto
Title
Resolution authorizing the execution of an Easement Agreement between the City of Pittsburgh, a municipal corporation of the Commonwealth of Pennsylvania and HOLDINGS ACQUISITION CO., L.P., a Delaware limited partnership for real property abutting the north shore of the Ohio River to be made part of the “Casino Property”.
Body
WHEREAS, Holdings is the owner of certain real property abutting the north shore of the Ohio River, located in the 21st Ward of the City of Pittsburgh, Allegheny County, Pennsylvania, which is more particularly described on Exhibit A attached hereto and made a part hereof (the "Casino Property");
WHEREAS, the City is the owner of certain real property contiguous to the western boundary of the Casino Property, which is more particularly described on Exhibit B attached hereto and made a part hereof (the "City Property");
WHEREAS, Holdings desires to perform certain work on the Casino Property and/or in the Ohio River, including, but not limited to, erecting an amphitheatre and stage, demolishing a river dock, stabilizing the riverbank and installing landscaping (collectively, the "Casino Property Improvements");
WHEREAS, Holdings desires to make certain improvements to the City Property in connection with the Casino Property Improvements, including, but not limited to, construction of a sheet pile wall along a portion of the Ohio River, filling and grading, installation of landscaping, stabilization of slopes and the construction and/or reconstruction of the pedestrian walkway/bike trail existing on the City Property (collectively, the "City Property Improvements"); and
WHEREAS, the City has agreed to grant Holdings (a) an easement, in, upon, under and across the portion of the City Property legally described on Exhibit C and graphically depicted on Exhibit D, attached hereto and made a part hereof (the "Easement Area") and (b) the right to use certain of the City's riparian rights, on t...
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