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File #: 2021-2087    Version: 1
Type: Resolution Status: Passed Finally
File created: 10/22/2021 In control: Committee on Intergovernmental Affairs
On agenda: 10/26/2021 Final action: 11/8/2021
Enactment date: 11/8/2021 Enactment #: 773
Effective date: 11/10/2021    
Title: Resolution authorizing the Mayor and the Director of the Department of Finance to execute a quit claim deed or deeds, and any other necessary or appropriate documents, agreements, and instruments conveying AS IS all of the City's right, title and interest, if any, in Block 48-N, Lot 10, in the 24th Ward of the City of Pittsburgh, to the Urban Redevelopment Authority of Pittsburgh ("URA") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements with the URA setting forth the rights and obligations of the City and the URA relating to these initial conveyances and further setting forth the rights and obligations of the City and the URA relating to the subsequent disposition of this property to third parties. (Council District 1)
Attachments: 1. 2021-2087 Cover Letter-Troy Hill Coop Agreement Letter 101921, 2. Summary 2021-2087
title
Resolution authorizing the Mayor and the Director of the Department of Finance to execute a quit claim deed or deeds, and any other necessary or appropriate documents, agreements, and instruments conveying AS IS all of the City's right, title and interest, if any, in Block 48-N, Lot 10, in the 24th Ward of the City of Pittsburgh, to the Urban Redevelopment Authority of Pittsburgh ("URA") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements with the URA setting forth the rights and obligations of the City and the URA relating to these initial conveyances and further setting forth the rights and obligations of the City and the URA relating to the subsequent disposition of this property to third parties. (Council District 1)

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Be it resolved by the Council of the City of Pittsburgh as follows:

Section 1. Whereas, pursuant to the Urban Redevelopment Law, 35 P.S. ? 1701 et. seq. the URA is authorized to steward the development process, evaluate proposals, and ultimately sell City-owned property to promote the City's economic development; and

Whereas, pursuant to this authority and subject to the approval of its Board of Directors, the Urban Redevelopment Authority of Pittsburgh ("URA") desires to acquire all of the City's right, title and interest, if any, in Block 48-N, Lot 10, in the 24th Ward of the City of Pittsburgh (the "Property") for consideration of $1.00 each, contingent upon the Mayor and Director of the Department of Finance first entering into a Cooperation Agreement or Agreements between the City and the URA setting forth the rights and obligations of the City and the URA relating to the conveyances, including the URA's obligations to market the Property, the URA's right to set the purchase price for each Property, the URA's obligation to hold and sell the Property to a third party after conveyance to the URA, the URA's obligation to r...

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