Presented
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 Artice Coleman for the Sale of Block 22-K, Lot 287, in the 21st Ward of the City of Pittsburgh - Council District No. 6 (1422 N. Franklin Street - Sideyard)
Body
Whereas, pursuant to Ordinance No. 393, approved September 15, 1967, and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, 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 Artice Coleman in connection with the sale of Block 22-K, Lot 287, for $500.00, said property being located in the 21st Ward of the City of Pittsburgh; 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 Artice Coleman for the sale of Block 22-K, Lot 287, in the 21st Ward of the City of Pittsburgh for $500.00, be and the same is hereby approved, said Contract being in conformity with the terms and conditions of the Residential Land Reserve Fund Cooperation Agreement.
FACT SHEET
Resolution approving execution of a Disposition Contract for the sale of land--Residential Land Reserve Fund
PROPERTY: Block 22-K, Lot 287
1422 N. Franklin Street
TYPE/SIZE: Vacant Land - Approx. 1,557 sq. ft.
PURCHASE PRICE: $500.00
COUNCIL DISTRICT: # 6 - 21st Ward
ADJOINING PROPERTIES: The subject property is a vacant lot located on N. Franklin Street in a residential neighborhood in the North Side area of the City. The redeveloper is the adjacent owner of Block 22-K, Lot 288, which contains a residential structure having a Fair Market Value of $35,800.00 for tax-assessment purposes. The subject property is also adjoined by Block 22-K, Lots 283 and 286 having Fair Market Values of $400.00 and $33,100.00, respectively. (See attached printouts from County records). The subject lot is level. There is no view of the City from the site.
REDEVELOPER: Artice Coleman
1424 N. Franklin Street
Pittsburgh, PA 15212
ZONING: R2-H
INTENDED USE: Sideyard
MAP: A Block and Lot Map of the immediate area is attached.