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Resolution approving execution of a Contract of Contracts for Disposition by Sale of Land between the Urban Redevelopment Authority of Pittsburgh and Fifth and Dinwiddie Development LLC, or a related entity, for the sale of Block 11-E, Lots 19, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 56, 57, 58, 59, 60, 60-A, 61, 62, 63, 64, 65, 65-A, 66, 67, 68, 69, 70, 71, 72, 73, and 85 (Block 11-E, Lot 85, being formerly designated as Block 11-E, Lots 81, 82, and 85), in the 3rd Ward of the City of Pittsburgh (Council District No. 6).
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Whereas, the Urban Redevelopment Authority of Pittsburgh has requested authorization to execute a Contract or Contracts for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Fifth and Dinwiddie Development LLC, or a related entity, in connection with the sale of Block 11-E, Lots 19, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 56, 57, 58, 59, 60, 60-A, 61, 62, 63, 64, 65, 65-A, 66, 67, 68, 69, 70, 71, 72, 73, and 85 (Block 11-E, Lot 85, being formerly designated as Block 11-E, Lots 81, 82, and 85), in the 3rd Ward of the City of Pittsburgh, for the sum of $2,410,000.00 plus costs;
Whereas, the proposed Contract or Contracts include property located in the redevelopment area known as the Uptown Redevelopment Area; and
Whereas, the Council of the City of Pittsburgh believes that the proposed Contract or Contracts are 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 or Contracts for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Fifth and Dinwiddie Development LLC, or a related entity, for the sale of Block 11-E, Lots 19, 20, 22, 24, 25, 26, 27, 28, 29, 30, 31, 56, 57, 58, 59, 60, 60-A, 61, 62, 63, 64, 65, 65-A, 66, 67, 68, 69, 70, 71, 7...
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