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File #: 2018-0983    Version: 1
Type: Resolution Status: Held in Standing Committee
File created: 10/12/2018 In control: Committee on Intergovernmental Affairs
On agenda: 2/13/2019 Final action:
Enactment date: Enactment #:
Effective date:    
Title: Resolution authorizing the Mayor and the Director of the Department of Finance to execute a quit claim deed or deeds, and any other necessary or appropriate documents, agreements, and instruments conveying AS IS all of the City's right, title and interest, if any, in designated City-owned properties to the Urban Redevelopment Authority of Pittsburgh ("URA") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements with the URA setting forth the rights and obligations of the City and the URA relating to these initial conveyances and further setting forth the rights and obligations of the City and the URA relating to the subsequent disposition of these properties to third parties.
Indexes: URA COOPERATION AGREEMENTS
Attachments: 1. Summary 2018-0983
title
Resolution authorizing the Mayor and the Director of the Department of Finance to execute a quit claim deed or deeds, and any other necessary or appropriate documents, agreements, and instruments conveying AS IS all of the City's right, title and interest, if any, in designated City-owned properties to the Urban Redevelopment Authority of Pittsburgh ("URA") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements with the URA setting forth the rights and obligations of the City and the URA relating to these initial conveyances and further setting forth the rights and obligations of the City and the URA relating to the subsequent disposition of these properties to third parties.

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Whereas, pursuant to the Urban Redevelopment Law, 35 P.S. ? 1701 et. seq. the URA is authorized to steward the development process, evaluate proposals, and ultimately sell City-owned property to promote the City's economic development; and

Whereas, pursuant to this authority and subject to the approval of its Board of Directors, the Urban Redevelopment Authority of Pittsburgh ("URA") desires to acquire all of the City's right, title and interest, if any, in City-owned properties located in 2nd Ward of the City of Pittsburgh designated in the Deed Registry Office of Allegheny County as Block 25-P, Lot 11 and Lot 12 (each a "Property" and collectively the "Properties") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements, or amending a current Cooperation Agreement, between the City and the URA setting forth the rights and obligations of the City and the URA relating to the conveyances, including the URA's obligations to market the Properties, the URA's right to set the purchase price for each Property, the URA's obligations to seek input from the local community thro...

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