Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and MidPoint Group of Companies, Inc., for the sale of Block 2-H, Lot 108 (Lot 1 in the Midpoint-Colwell Street Plan of Lots) situated in the 3rd Ward of the City of Pittsburgh-Council District No. 6 (Redevelopment).
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 MidPoint Group of Companies, Inc., for the sale of Block 2-H, Lot 108 (Lot 1 in the Midpoint-Colwell Street Plan of Lots) situated in the 3rd Ward of the City of Pittsburgh, for $1,000,000.00; 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 a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and MidPoint Group of Companies, Inc., for the sale of Block 2-H, Lot 108 (Lot 1 in the Midpoint-Colwell Street Plan of Lots) situated in the 3rd Ward of the City of Pittsburgh, be and the same is hereby approved.