Presenter
Presented by Mr. Shields
Title
Resolution providing for the vacation of Waterfront Place and portions of 12th Street and 13th Street, in the Second Ward of the City of Pittsburgh, and providing further for approval of a Memorandum of Understanding and an Agreement or Agreements between the Buncher Company and the City of Pittsburgh pursuant to which Buncher will convey to the City easements for trail purposes and will make certain trail improvements, and further authorizing creation of a trust fund with the Pittsburgh Foundation for the benefit of City trails maintenance, development and construction.
Body
WHEREAS, the City of Pittsburgh ("City") is the owner of Waterfront Place, 12th Street and 13th Street in the City, which the City is willing to vacate in consideration of the within transactions; and
WHEREAS, the Buncher Company ("Buncher") is the owner of certain parcels of land between 11th Street and 13th Street, from the Allegheny River to Smallman Street, in the Second Ward of the City which parcels abut Waterfront Place and portions of 12th Street and 13th Street, and Buncher desires to consolidate its property for development purposes; and
WHEREAS, the City desires to conclude construction of an Allegheny River riverfront recreational trail between 11th Street and 21st Street, and Buncher is willing to convey to the City certain easements and related land and make certain trail improvements to effectuate such trail construction, and provide certain points of public access from Smallman Street to the trail; and
WHEREAS, the City and Buncher have entered into a non-binding Memorandum of Understanding ("MOU"), a copy of which is attached hereto, evidencing the City's intent to seek approval from City Council for consummation of the transactions herein described; and
WHEREAS, the City desires to enter into an agreement with the Pittsburgh Foundation pursuant to which a trust fund shall be created for the benefit of maintenance, repa...
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