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File #: 2010-0898    Version: 1
Type: Resolution Status: Passed Finally
File created: 9/7/2010 In control: Committee on Intergovernmental Affairs
On agenda: Final action: 9/21/2010
Enactment date: 9/21/2010 Enactment #: 678
Effective date: 9/28/2010    
Title: Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Central Real Estate Holdings, LLC for the sale of Block 48-S, Lots 212, 213, 213-1, 216, and 217 in the 6th Ward of the City of Pittsburgh, 3403-3411 Butler Street -- Council District No.7 (residential construction).
Indexes: URA DISPOSITION OF CONTRACTS
Attachments: 1. 2010-0898.doc
Presenter
Presented by Mr. Dowd
 
Title
Resolution approving execution of a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Central Real Estate Holdings, LLC for the sale of Block 48-S, Lots 212, 213, 213-1, 216, and 217 in the 6th Ward of the City of Pittsburgh, 3403-3411 Butler Street -- Council District No.7 (residential construction).
 
Body
Whereas, pursuant to Ordinance No. 427, approved December 9, 1964,  and in the manner prescribed by the Urban Redevelopment Law, Act of May 24, 1945, P.L. 991, as amended, the Industrial Land Reserve Fund Cooperation Agreement was approved; 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 Central Real Estate Holdings, LLC, in connection with the sale of Block 48-S, Lots 212, 213, 213-1, 216, and 217 for $109,750.00, said property being located in the 6th Ward of the City of Pittsburgh; 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 the 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 a Contract for Disposition by Sale of Land by and between the Urban Redevelopment Authority of Pittsburgh and Central Real Estate Holdings, LLC, in connection with the sale of Block 48-S, Lots 212, 213, 213-1, 216, and 217, for $109,750.00, said property being located in the 6th Ward of the City of Pittsburgh, be and the same is hereby approved, said Contract being in conformity with the terms and conditions of the Industrial Land Reserve Fund