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Resolution authorizing the Mayor and the Director of Finance to execute an Agreement of Sale and all related documents necessary to effect the purchase by the City of Pittsburgh, in lieu of taking by eminent domain, of 35 and 33 Semicir Street in the 26th Ward and to accept a deed for the properties. Further authorizing the expenditure of funds for the purchase, closing, and other associated auxiliary costs.
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WHEREAS, the City of Pittsburgh has determined that it is in the best interests of the City and community to stabilize and reconstruct Semicir Street; and
WHEREAS, in lieu of taking by eminent domain, the City seeks to purchase 35 and 33 Semicir Street in order to allow construction of a retaining wall along the edge of Semicir Street, stabilizing the slope, which will allow the road to be reconstructed; and
WHEREAS, the property owner involved has agreed to sell said properties to the City; and
WHEREAS, the City wishes to enter into an agreement with the property owner in order to acquire said properties.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of Finance, on behalf of the City of Pittsburgh, are authorized to execute an Agreement of Sale and all related documents necessary to effect the purchase by the City, in lieu of taking by eminent domain, of 35 and 33 Semicir Street in the 26th Ward of the City of Pittsburgh, County of Allegheny, Commonwealth of Pennsylvania, identified as Block and Lot Number 115-H-326 and 115-H-328; with the current property owner of said parcels, Edward G. Ferrell and to accept a deed for the properties. All documents must be approved as to form by the City Solicitor.
The purchase price, closing costs, and other associated auxiliary costs as stipulated in said Agreement of Sale (collectively the "Acquisition Costs") shall not exceed ninety-five thousand five hundred dollars ($95,500). Monies allocated for the Acquisition Costs...
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