Presenter
Presented by Mr. Peduto
Title
Resolution authorizing the execution of an Easement Agreement between Holdings Acquisition Co., L.P., a Delaware limited partnership and the City of Pittsburgh, a municipal corporation of the Commonwealth of Pennsylvania for real property abutting the north shore of the Ohio River to be made part of a “City Trail”.
Body
WHEREAS, Holdings is the owner of certain real property abutting the north shore of the Ohio River, located in the 21st Ward of the City of Pittsburgh, Allegheny County, Pennsylvania, which is more particularly described on Exhibit A attached hereto and made a part hereof (the "Property");
WHEREAS, the City desires to make available to the public a recreational trail along the north shore of the Ohio River (the "City Trail"); and
WHEREAS, Holdings has agreed to accommodate the City's planned City Trail by making available to the City the portion of the Riverfront Property described on Exhibit B attached hereto and made a part hereof (the "Riverfront Promenade"), for use by the public as part of the City Trail, upon the terms and conditions contained in this Agreement.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of Public Works, on behalf of the City of Pittsburgh, are hereby authorized to enter into an Easement Agreement with Holdings Acquisition, Co., L.P., in a form approved by the City Solicitor, for real property abutting the north shore of the Ohio River to be made part of the “City Trail”.
NOW, THEREFORE, intending to be legally bound hereby, the parties hereto agree as follows:
1. The foregoing recitals are incorporated herein by reference and made a part hereof.
2. Holdings hereby grants and conveys, subject to any and all easements and other matters set forth in instruments of record and/or apparent on the Property, to the City, an easement to use the Riverfront Promenade as a public pedestrian walkwa...
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