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Resolution approving execution of a Contract for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Allegheny Land Trust for the sale of Block 75-L, Lots 270, 275, 276, 277, and 314, and Block 75-M, Lot 83, in the 27th Ward of the City of Pittsburgh (Council District No. 1).
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Whereas, pursuant to Ordinance No. 393, approved September 15, 1967, and in the manner prescribed by the Urban Redevelopment Law, 35 P.S. § 1701 et seq., as amended, the Residential Land Reserve Fund Cooperation Agreement was approved; and
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 Allegheny Land Trust for the sale of Block 75-L, Lots 270, 275, 276, 277, and 314, and Block 75-M, Lot 83, in the 27th Ward of the City of Pittsburgh, for the sum of $106,900.00 plus costs; and
Whereas, this property has been acquired by monies from the Residential Land Reserve Fund; 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 the Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Allegheny Land Trust for the sale of Block 75-L, Lots 270, 275, 276, 277, and 314, and Block 75-M, Lot 83, in the 27th Ward of the City of Pittsburgh for the sum of $106,900.00 plus costs, be and the same is hereby approved.