Presenter
Presented by Mrs. Harris
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Smithfield Oliver Partners, LP for the sale of Block 2-A, Lots124 & 127 and Block 2-E, Lot 4, situated in the 2nd Ward of the City of Pittsburgh in the 2nd Ward of the City of Pittsburgh, Council District No.6 (Commercial Development).
Body
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 Smithfield Oliver Partners, LP in connection with the sale of Block 2-A, Lots124 & 127 and Block 2-E, Lot 4, for $2,225,000.00, said property being located in the 2nd Ward of the City of Pittsburgh in the 2nd 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 desires to give its approval in accordance with the provisions of the Urban Redevelopment Law.
Now, Therefore, 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 Smithfield Oliver Partners, LP in connection with the sale of Block 2-A, Lots124 & 127 and Block 2-E, Lot 4, for $2,225,000.00, said property being located in the 2nd Ward of the City of Pittsburgh, be and the same is hereby approved.
SEE ATTACHMENT
Attachment
FACT SHEET
Resolution approving execution of a Disposition Contract-Smithfield Oliver Partnership, LP
PROPERTY: 339 & 347 5th Avenue and 513 Smithfield Street
Block 2-A, Lots 124 & 127 and Block 2-E, Lot 4
TYPE/SIZE: Commercial Structure
Land Area = Approx. 59,240 sq. ft.
PURCHASE PRICE: $2,225,000.00
COUNCIL DISTRICT: 6th Council Dis...
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