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A Resolution approving the sale of certain real property owned by the County of Allegheny, Pennsylvania to a development group comprised of: Massaro Properties LLC; Langholz Wilson Ellis, Inc.; Kratsa Properties; and Tasso Katselas Associates, Inc. for the sale price of $4,900,000.00 for the purpose of demolishing the current building located thereon and constructing a new development including a hotel, office building, and parking garage.
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Whereas, the County of Allegheny, Pennsylvania (the “County”) is the owner in fee simple of certain real property located in the 4th Ward of the City of Pittsburgh, identified as Block & Lot Number 28-J-97 and known as 3333 Forbes Avenue, Pittsburgh, Pennsylvania 15213 (the “Property”); and
Whereas, an as-yet unnamed development group comprised of local real estate development firms: Massaro Properties LLC; Langholz Wilson Ellis, Inc.; and Kratsa Properties and local architecture firm Tasso Katselas Associates, Inc. (the “Development Group”), desires to purchase the Property from the County for the purchase price of $4,900,000.00 (the “Sale”) for the purpose of demolishing the current building located on the Property and constructing a new development thereon, which will include a hotel, an office building containing classroom space for Carlow University, and a parking garage which will also include retail space (the “Project”).
The Council of the County of Allegheny hereby resolves as follows:
Section 1. Incorporation of Preamble.
The provisions set forth in the preamble to this Resolution are incorporated by reference in their entirety herein.
Section 2. Terms Defined.
Terms used in the preamble to this Resolution are herein used as therein defined.
Section 3. Approval of Sale and Project.
The County, acting by and through its County Council, hereby approves the Sale of the Property to the Development Group for the purchase price of $4,900,000.00 for the purpose of undertaking and completing the Project. The proper officials of the County are hereby authorized to, in the name of and for and on behalf of the County, execute and deliver any and all contracts, agreements of sale, deeds, and/or other documents in order to consummate the Sale and convey the Property to the Development Group for the purchase price of $4,900,000.00, on terms determined as satisfactory to such proper officials; provided, however, that all such contracts, agreements of sale, deeds, and/or other documents shall be subject to review and approval as to form by the County Solicitor.
Section 4. Severability. If any provision of this Resolution shall be determined to be unlawful, invalid, void or unenforceable, then that provision shall be considered severable from the remaining provisions of this Resolution which shall be in full force and effect.
Section 5. Repealer. Any Resolution or Ordinance or part thereof conflicting with the provisions of this Resolution is hereby repealed so far as the same affects this Resolution.
SUMMARY OF LEGISLATION
SALE OF PROPERTY AT 3333 FORBES AVE., PITTSBURGH, PA 15213
SUBMITTED FOR COUNCIL MEETING AUGUST 25, 2009
The approval of the Council of the County of Allegheny, Pennsylvania is requested for the sale of certain real property owned by the County and located in the 4th Ward of the City of Pittsburgh, identified as Block & Lot Number 28-J-97 and known as 3333 Forbes Avenue, Pittsburgh, Pennsylvania 15213 (the “Property”), to an as-yet unnamed development group comprised of local real estate development firms: Massaro Properties LLC; Langholz Wilson Ellis, Inc; and Kratsa Properties and local architecture firm Tasso Katselas Associates, Inc. (the “Development Group”).
The purchase price for the Property shall be $4,900,000.00, and the Development Group shall demolish the current structure located on the Property and shall construct a new development consisting of a hotel, an office building (including classroom space for Carlow University) and a parking garage (including retail space). Approval has been requested and granted for the County to enter into any and all contracts, agreements of sale, deeds and/or other documents necessary to consummate the sale and convey the Property to the Development Group.