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File #: 2011-1475    Version: 1
Type: Resolution Status: Passed Finally
File created: 3/2/2011 In control: Committee on Finance and Law
On agenda: Final action: 3/15/2011
Enactment date: 3/15/2011 Enactment #: 208
Effective date: 3/21/2011    
Title: Resolution authorizing the Mayor to execute a quit-claim deed to the Board of Public Education of the School District of the City of Pittsburgh for and in consideration of the sum of fifty thousand dollars ($50,000) for the purpose of extinguishing the City's right of reversion in a parcel of real property located in the 3rd Ward of the City of Pittsburgh which is part of Block and Lot 9-R-194.
Indexes: DEED TRANSFER
Attachments: 1. 2011-1475.doc
Presenter
Presented by Mr. Peduto

Title
Resolution authorizing the Mayor to execute a quit-claim deed to the Board of Public Education of the School District of the City of Pittsburgh for and in consideration of the sum of fifty thousand dollars ($50,000) for the purpose of extinguishing the City's right of reversion in a parcel of real property located in the 3rd Ward of the City of Pittsburgh which is part of Block and Lot 9-R-194.

Body
WHEREAS, by Ordinance of the City of Pittsburgh adopted on August 25, 1864, the City of Pittsburgh donated to the Central Board of Education of the City of Pittsburgh, now the Board of Public Education of the School District of the City of Pittsburgh, the real property hereinafter described as a site for a high school; and

WHEREAS, incorporated within said Ordinance was a right of reversion to the City should the said real property so donated no longer be needed or used as a high school; and

WHEREAS, the Board of Public Education has determined that said donated real property is no longer needed for high school purposes and has therefore decided to sell and convey title to said real estate, along with other real property collectively comprising the Connelly Trade School and Lesctche School properties, to the Pittsburgh Gateways Corporation, a Pennsylvania non-profit corporation; and

WHEREAS, in order to complete the proposed sale of the property in question, the Board of Public Education has requested that the City release its right of reversion therein;

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

Section 1. The Mayor, on behalf of the City of Pittsburgh, is hereby authorized to execute a quit-claim deed to the Board of Public Education of the School District of the City of Pittsburgh, for and in consideration of the sum of fifty thousand dollars ($50,000), thereby extinguishing any revisionary interest of the City in a parcel of real property located in the 3rd Ward of the ...

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