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File #: 2021-1861    Version: 1
Type: Resolution Status: Passed Finally
File created: 9/10/2021 In control: Committee on Intergovernmental Affairs
On agenda: 9/14/2021 Final action: 9/28/2021
Enactment date: 9/28/2021 Enactment #: 621
Effective date: 9/30/2021    
Title: Resolution approving execution of a Contract for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Rose Street Ventures, or a related entity, for the sale of Block 10-P, Lots 186, 187, 188, 189, and 190, in the 5th Ward of the City of Pittsburgh (Council District No. 6 - 2117-2119, 2121, 2123, 2125, and 2127 Rose Street).
Indexes: URA DISPOSITION OF CONTRACTS
Attachments: 1. 2021-1861 Cover Letter-R. Kyndall Development Letter 09072021, 2. Summary 2021-1861

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Resolution approving execution of a Contract for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Rose Street Ventures, or a related entity, for the sale of Block 10-P, Lots 186, 187, 188, 189, and 190, in the 5th Ward of the City of Pittsburgh (Council District No. 6 - 2117-2119, 2121, 2123, 2125, and 2127 Rose Street).

 

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Whereas the above property is located in the redevelopment area known as the Greater Hill District Redevelopment Area; 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 Rose Street Ventures, or a related entity, in connection with the sale of Block 10-P, Lots 186, 187, 188, 189, and 190, in the 5th Ward of the City of Pittsburgh, for the sum of $25,000.00 plus costs; 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 the Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Rose Street Ventures, or a related entity, for the sale of Block 10-P, Lots 186, 187, 188, 189, and 190, in the 5th Ward of the City of Pittsburgh for the sum of $25,000.00 plus costs, be and the same is hereby approved.