Presenter
Presented by Ms. Carlisle
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and AC/DC Electrical Technology Group, Inc., or an entity to be formed, for the sale of Block 56-F, Lot 109, in the 15th Ward of the City of Pittsburgh, in Redevelopment Area No. 40 - 4831 Second Avenue --Council District No. 5 (commercial/residential rehabilitation).
Body
Whereas, pursuant to Ordinance No. 320, approved June 25, 1973, and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, as amended, the Redevelopment Proposal for Redevelopment Area No. 40 in the 15th Ward of the City of Pittsburgh 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 AC/DC Electrical Technology Group, Inc., or an entity to be formed, in connection with the sale of Block 56-F, Lot 109, for $60,000.00, said property being located in Redevelopment Area No. 40 in the 15th Ward of the City of Pittsburgh; 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 the 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 a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and AC/DC Electrical Technology Group, Inc., or an entity to be formed, in connection with the sale of Block 56-F, Lot 109, for $60,000.00, said property being located in the 15th Ward of the City of Pittsburgh, be and the same is hereby approved, said Contract being in conformity with the Redevelopment Proposal for Redevelopment Area No. 40 ...
Click here for full text