Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and the Pittsburgh Housing Development Corporation, or an entity to be formed, with respect to the sale of Block 27-B, Lot 204 situated in the 5th Ward of the City of Pittsburgh -- Council District No. 6 (Residential Rehabilitation).
Body
Whereas, pursuant to the Redevelopment Proposal for the Greater Hill District Redevelopment Area approved November 15, 2016, and in the manner prescribed by the Urban Redevelopment Law, 35 P.S.? 1701 et.seq., the Redevelopment Proposal for the Greater Hill District Redevelopment Area in the 5th Ward of the City of Pittsburgh 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 the Pittsburgh Housing Development Corporation, or an entity to be formed, in connection with the sale of Block 27-B, Lot 204, for $1.00 plus costs, said property being located in the 5th 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.
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 the Pittsburgh Housing Development Corporation, or an entity to be formed, in connection with the sale of Block 27-B, Lot 204, for $1.00 plus costs, said property being located in the 5th Ward of the City of Pittsburgh, be and the same is hereby approved, said Contract being in conformity with Redevelopment Proposal for the Greater Hill District Redevelopment Area of the City of Pittsbur...
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