Title
Resolution to rescind amend Resolution 648 of 2018 and to authorize the City of Pittsburgh to alternately execute and record a Declaration of Condominium along with the Housing Authority of the City of Pittsburgh and the Urban Redevelopment Authority of Pittsburgh as Declarants for the condominium to be known as the "Pittsburgh Governmental Center, a Condominium" a condominium or other ownership structure at the property located at 412 Boulevard of the Allies ("the Property"); and further authorizing the execution and filing, as may be required, of all related instruments or documents necessary enter into a tenancy in common agreement; or to convert the Property into units and to ensure compliance with the Pennsylvania Uniform Condominium Act, 68 Pa.C.S.A. ??3101 et seq., or the Pennsylvania Planned Community Development Act, 68 Pa. C.S. ?? 5101 et seq.; or enter a lease agreement(s) with the City as landlord and either, or both, the URA and HACP as tenants in the event they do not fulfill their obligations in consideration of their respective ownership interest in the Property; and further authorizing the City to organize and operate, or otherwise participate in an owners' organization to be organized in compliance with applicable law.
Body
WHEREAS, pursuant to that certain Purchase and Sale Agreement dated as of July 11, 2018, between 420 Allies, LLC, a Delaware limited liability company and the City of Pittsburgh ("City") Housing Authority of the City of Pittsburgh ("HACP") and Urban Redevelopment Authority of Pittsburgh ("URA") (also referred to herein as "the Parties") acquired as tenants-in-common designated undivided interests in the property located at 412 Boulevard of the Allies (formerly 420 Boulevard of the Allie), Block 1-M, Lot 150 in the 1st Ward, City of Pittsburgh, Commonwealth of Pennsylvania, (the "Property") together with the improvements thereon and certain fixtures, equipment and personal property related thereto; and
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