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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 un...
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