Title
Resolution approving Execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Module Design, Inc., or an entity to be formed, for the Sale of Block 83-A, Lot 266, in the11th Ward of the City of Pittsburgh - Council District No. 9 (New Construction - 5454 Black Street).
Body
Whereas, pursuant to Ordinance No. 393, approved September 15, 1967, and in the manner prescribed by the Urban Redevelopment Law, 35 P.S. § 1701 et. seq., 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 Module Design, Inc., or an entity to be formed, for the Sale of Block 83-A, Lot 266, said property being in the 11th 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 conveyance 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 Module Design, Inc., or an entity to be formed, for the Sale of Block 83-A, Lot 266, for $22,500.00 in the 11th Ward of the City of Pittsburgh, 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.