Title
An Ordinance authorizing the County of Allegheny to sell a 4.23 acre parcel of excess land for the amount of $461,070.00, plus a $1000.00 administrative fee, to Parkway Park Associates, and refund to the Pennsylvania Department of Transportation the sum of $461,070.00 representing the Bayer Corporation approved donation credit for construction of Settler's Cabin Interchange.
Body
Whereas, by its deed dated May 7, 2003 and recorded in Deed Book Volume 11710, Page 315, Bayer Corporation donated 17.79 acres to Allegheny County (herein the "Donated Property" for construction of Settlers Cabin Interchange of SR 22 with Campbell's Run Road and Ridge Road (Project No. 6912-0001, Parcel 204) in Robinson Township; and
Whereas, the appraised value of Donated Property provided part of the Allegheny County local match of Federal Highway Administration funding for the interchange project; and
Whereas, said interchange construction created a 4.23 acre parcel of excess land not needed for road right-of-way (herein the "Excess Parcel"), located on Ridge Road at its intersection with Bayer Road, depicted on a Topographic Survey Drawing, marked Exhibit No. 1 and attached hereto; and
Whereas, by an appraisal dated January 10, 2008, the Excess Parcel was appraised at a unit value of $74,500 per acre which is less than the prior $109,000 per acre average unit value for the entire Donated Property; and
Whereas, by its letter dated July 22, 2008, the Pennsylvania Department of Transportation determined that if Allegheny County proceeds with the proposed sale, the County would be required to refund the sum of $461,070, based on the original $109,000 per acre unit value for the Donated Property and the approved donation credit; and
Whereas, by its letter dated July 31, 2008, Parkway Park Associates expressed its willingness to purchase the Excess Parcel at the original $109,000 per acre value, plus a fee of $1000.00 for administrative costs; and
Whereas, th...
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