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An Ordinance approving sale of approximately 8.2031 gross acres [7.9993 net acres] of County property located on McIntyre Road in Ross Township, Pennsylvania, 15237 identified as a portion of Lot & Block No. 612-S-64 known as the John J. Kane Regional Center-Ross Township, to Regional Development Partners - McKnight Road LP for the sale price of $1,250,000.00.
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Whereas, the County is the owner in fee simple of a piece of real property of approximately 29 gross acres located on McIntyre Road in Ross Township, Pennsylvania, 15237 identified as Lot & Block Nos. 612-S-64 known as the John J. Kane Regional Center-Ross Township; and
Whereas, the Allegheny County Department of Economic Development issued a Request for Development Proposals (RFDP) for the sale and development of a parcel of the Ross Kane Regional Center of approximately 8.2031 gross acres [7.9993 net acres], more specifically set forth on Exhibit A attached hereto (the “Property”); and
Whereas, Regional Development Partners L.P., a Pennsylvania Limited Partnership (the “Developer”) submitted the only proposal in response and in compliance with the terms of the RFDP to purchase and develop the Property into commercial retail space (the “Project”) for a consideration of $1,250,000.00; and
Whereas, pursuant to Ordinance No. 01-17-OR County Council granted authority to sell the Property to Developer for $1,250,000; and
Whereas, Developer, for real estate holding purposes, subsequently caused to be formed a new entity named Regional Development Partners - McKnight Road LP, a Pennsylvania limited partnership, to receive and hold title to the Property; and
Whereas, Council of Allegheny County therefore deems it advisable to authorize the sale of the Property to Regional Development Partners - McKnight Road LP. a Pennsylvania limited partnership for the stated consideration of $1,250,000; and
Whereas, Article IV, Section 2 (k) of the Allegheny County Home Rule Charter and Article 5-7...
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