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File #: 2015-1863    Version: 1
Type: Resolution Status: Passed Finally
File created: 7/17/2015 In control: Committee on Intergovernmental Affairs
On agenda: 7/21/2015 Final action: 8/3/2015
Enactment date: 8/3/2015 Enactment #: 528
Effective date: 8/11/2015    
Title: Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and 8 to 8 LLC, for the sale of Block 50-G, Lots 7, 8 and 76 in the 10th Ward of the City of Pittsburgh - Council District No. 9 - Rosetta Street (residential construction).
Indexes: URA DISPOSITION OF CONTRACTS

Title

Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and 8 to 8 LLC, for the sale of Block 50-G, Lots 7, 8 and 76 in the 10th Ward of the City of Pittsburgh - Council District No. 9 - Rosetta Street (residential construction).

 

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 8 to 8 LLC, in connection with the sale of Block 50-G, Lots 7, 8 and 76, for $6,000.00 plus costs, said property being located in the 10th Ward of the City of Pittsburgh; and

 

Whereas, these properties were 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.

 

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 8 to 8 LLC, in connection with the sale of Block 50-G, Lots 7, 8 and 76, for $6,000.00 plus costs, 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.