Presenter
Presented by Mr. Shields
Title
Resolution of the City Council of the City of Pittsburgh (the "City") determining to incur lease rental debt in an aggregate principal amount not to exceed four million four hundred and fifty thousand dollars ($4,450,000) by entering into a supporting agreement (the "2005 supporting agreement") with the Sports & Exhibition Authority of Pittsburgh and Allegheny County (the "authority") and the County of Allegheny ("County"); determining that such lease rental debt shall be Evidenced by the 2005 supporting agreement by which the city agrees to pay one-half of the debt service on the Sports & Exhibition Authority of Pittsburgh and Allegheny County Auditorium Bonds, refunding series a of 2005 to be issued by the Authority in an aggregate principal amount of up to eight million, nine hundred thousand dollars ($8,900,000); authorizing and directing the proper officers of the city (a) to prepare, to certify and to file the debt statement and borrowing base certificate required by section 8110 of the Pennsylvania local government unit debt act; and (b) to execute, to attest and to deliver, as appropriate, the 2005 supporting agreement among the city, the county and said authority; approving the form of said 2005 supporting agreement; specifying the maximum amounts of the supporting obligation of the City pursuant to said 2005 supporting agreement and the sources of payment of such supporting obligation and pledging the full faith, credit and taxing power of the City in support thereof; providing for proper officers of the City to take all other required, necessary or desirable related action in connection with said project and said 2005 supporting agreement; providing for the effectiveness of this resolution; providing for the severability of provisions of this resolution; and providing for repeal of all inconsistent ordinances or resolutions or parts of ordinances or resolutions.
Body
WHEREAS, the Sports & Exhibition Authority of Pittsburgh and Allegheny County (the "Authority") as successor to the Public Auditorium Authority of Pittsburgh and Allegheny County, is a public body corporate and politic, exercising public powers of the Commonwealth of Pennsylvania (the "Commonwealth") as an agency thereof duly organized and validly existing under the provisions of the Sports & Exhibition Authority Act of the Commonwealth of Pennsylvania, (P.L. 616, Act of October 30, 2000), as amended, having been duly organized by the City of Pittsburgh, Pennsylvania (the "City"), and County of Allegheny, Pennsylvania ("the County"); and
WHEREAS, the Authority is authorized by law, among other things, to acquire, hold, construct, improve, maintain and operate, own, lease, either in the capacity of lessor or lessee, public auditoriums, and to borrow money, to make and issue negotiable notes, bonds, refunding bonds and other evidences or indebtedness or obligations of the Authority, and to secure the payment thereof or any part thereof by pledge or deed of trust of all or any of its revenues and receipts and to make such agreements with the purchasers or holders thereof or with others in connection therewith as the Authority shall deem advisable, and, in general, to provide for the security thereof and the rights of the holders thereof; and
WHEREAS, the Authority has previously issued its Auditorium Bonds Series of 1999 (the "1999 Auditorium Bonds") in order to provide funds for certain Mellon Arena improvements and to refinance other outstanding debt related to Mellon Arena; the payment of the debt service on which has been guaranteed one-half by the City and one-half by the County; and
WHEREAS, pursuant to a Supporting Agreement ("the 1999 Supporting Agreement") among the Authority, the County and the City, the County and the City each unconditionally agreed to pay one-half of the required debt service payments on the 1999 Auditorium Bonds as and when due; and
WHEREAS, in January 2005, the Authority issued its Regional Asset District Sales Tax Revenue Bonds, Refunding Series of 2005 to refinance a portion of the 1999 Auditorium Bonds to obtain upfront savings for operational costs of the David L. Lawrence Convention Center; and
WHEREAS, the Authority desires to issue its Sports & Exhibition Authority of Pittsburgh and Allegheny County Auditorium Bonds, Refunding Series A of 2005 (the "2005 Bonds") in the aggregate principal of up to Eight Million Nine Hundred Thousand Dollars ($8,900,000) to refund the remaining 1999 Auditorium Bonds to obtain upfront savings for use in paying interest in calendar year 2005 on existing bank loans and other costs and expenses of the David L. Lawrence Convention Center, (the "Project"); and
WHEREAS, the Authority seeks to enter into a new Supporting Agreement (hereinafter the "2005 Supporting Agreement") under essentially the same terms as the 1999 Supporting Agreement with the County and the City in which the County and the City will each unconditionally agree to pay one-half of the required debt service payments on the 2005 Bonds as and when due; provided that the total debt service to be paid in each year with respect to the 2005 Bonds shall not exceed the total debt service with respect to each corresponding year with respect to the currently outstanding 1999 Auditorium Bonds; and
WHEREAS, the City has determined that the Project described above is necessary to benefit the people of the City and the Commonwealth; and
WHEREAS, the City desires to further the purposes of the Authority by entering into the 2005 Supporting Agreement with regard to the 2005 Bonds; and
WHEREAS, by entering into the 2005 Supporting Agreement with regard to the Bonds, the City will be incurring lease rental debt pursuant to the Local Government Unit Debt Act, the Act of December 19, 1996, P.L. 1158, No. 177 as amended (the "Debt Act");
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The City hereby determines to incur lease rental debt in the aggregate principal amount of up to $4,450,000 (representing one-half (1/2) of the aggregate principal amount of the 2005 Bonds to be issued in the aggregate principal amount of up to $8,900,000), for the purpose of assisting the Authority in refunding its 1999 Auditorium Bonds by entering into the Supporting Agreement with regard to the 2005 Bonds (the "2005 Supporting Agreement"); provided, however, that the total debt service in each year with respect to the 2005 Bonds will not exceed the total debt service with respect to each corresponding year with respect to the currently outstanding 1999 Bonds. The City also determines that the remaining realistic estimated useful life of the facilities financed with the proceeds of the 1999 Auditorium Bonds is not less than 15 years.
-
- The City further determines that the purpose of assisting the Authority in refunding the remaining portion of the 1999 Auditorium Bonds under Section 8241 of the Debt Act is to adjust lease rental debt to reduce total debt service over the life of the series.
-
- The City directs the Authority to cause the full redemption of the remainder of the 1999 Auditorium Bonds on or after September 1, 2005 or on such other dates as the Authority hereafter designates.
-
- The debt service on such debt shall be an amount not-to-exceed one-half of the Not-to-Exceed Aggregate Debt Service, as set forth on Exhibit "A", representing one-half of the debt service on the 2005 Bonds and shall be secured by, inter alia, the support obligations of the City pursuant to the 2005 Supporting Agreement.
-
- The Mayor, City Controller, or Deputy City Controller or other proper officers of the City are hereby authorized and directed to prepare, to certify and to file the debt statement and the borrowing base certificate required by Section 8110 of the Debt Act, on behalf of the City.
-
- The Mayor, City Controller, or Deputy City Controller or other proper officers of the City are authorized and directed to make application to the Department of Community and Economic Development of the Commonwealth of Pennsylvania (the "Department") for approval with respect to the 2005 Supporting Agreement, as required by Section 8111(b) of the Debt Act; and, in connection with such application, the City shall pay or shall cause to be paid to the Department the filing fee as required by Section 8203 of the Debt Act, the payment of which filing fee is authorized and approved.
-
- Such officers of the City are authorized to take other required, necessary and/or appropriate action including, if necessary and/or appropriate, the preparation and filing of any statements required by the Debt Act that are necessary to qualify any portion of the debt of the City, if any, that is subject to exclusion from the appropriate debt limits of the City for exclusion from the appropriate debt limits.
-
- The City shall enter into a 2005 Supporting Agreement, substantially in the form attached to this Resolution as Exhibit "B", with the Authority under the terms and provisions of which the City shall provide unconditionally for the benefit of registered owners, from time to time, of the 2005 Bonds, full and prompt payment of one-half of the debt service on the Bonds, as such shall be due and payable with respect to the 2005 Bonds. The 2005 Supporting Agreement shall be for the life of the 2005 Bonds and shall set forth terms, conditions, provisions, covenants and agreements to be observed by the City and the Authority.
-
- The City shall covenant and agree in the 2005 Supporting Agreement and does hereby covenant and agree with the registered owners, from time to time, of the 2005 Bonds and with the Authority, that the City: (i) shall include the amounts payable in respect of its support for one-half of the debt service on the 2005 Bonds as set forth in Exhibit "A" as the 50% Not-to-Exceed City of Pittsburgh Debt Service Obligation pursuant to the 2005 Supporting Agreement for each fiscal year in which such sums are payable in its budget for that year; (ii) shall appropriate such amounts from its tax and other general revenues for the payment of such amounts; and (iii) shall duly and punctually pay or cause to be paid from any of its revenues or funds the amounts payable in respect of such amounts, on the dates and at the places and in the manner stated in the 2005 Supporting Agreement according to the true intent and meaning thereof; and, for such budgeting, appropriation and payment in respect of such amounts, the City shall and does pledge its full faith, credit and taxing power. This covenant shall be enforceable specifically.
-
- The 2005 Supporting Agreement shall not be effective until and unless it is also executed and delivered by the appropriate officers of the County. The 2005 Supporting Agreement shall be substantially in the form presented to this meeting, which form is approved with such changes, if any, as may be approved by the City Solicitor; and a copy of the 2005 Supporting Agreement, in the form, so presented at this meeting and so approved, shall be filed with the City Clerk and shall be made available for inspection at reasonable times by interested persons requesting such inspection.
-
- The proper officers of the City are authorized and directed to execute, to attest and to deliver the 2005 Supporting Agreement, on behalf of the City, substantially in the form attached herein as Exhibit "B"; subject, however, to applicable provisions of the Debt Act.
-
- The supporting obligations of the City as set forth in the 2005 Supporting Agreement in the form incorporated herein as Exhibit "B" shall be payable, if and as necessary, assuming the maximum debt service requirement on the outstanding 2005 Bonds as set forth in Exhibit "A", subject, however, to the limitations set forth in Section 1 herein.
-
- The supporting obligations of the City, as set forth in the 2005 Supporting Agreement in the form attached herein as Exhibit "B" shall be payable from the tax and other general revenues of the City.
-
- Proper officers of the City are authorized and directed to execute all documents and to do all other acts as may be necessary and proper to carry out the intent and purpose of this Resolution and the undertakings of the City under the 2005 Supporting Agreement as authorized by this Resolution.
-
- Reference in this Resolution to specified officers of the City shall include and shall be construed to include, if and as applicable, their respective successors in office.
-
- This Resolution shall become effective in accordance with provisions of the Debt Act
-
- In the event any provision, section, sentence, clause or part of this Resolution shall be held to be invalid, such invalidity shall not affect or impair any remaining provisions, section, sentence, clause or part of this Resolution, it being the intent of the City that such remainder shall be and shall remain in full force and effect.
-
- 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.
Enacted in Council, this _______ day of August A.D. 2005
_______________________________
President of Council
ATTEST: _______________________
Clerk of Council
MAYOR'S OFFICE __________________
APPROVED: __________________________
Mayor
ATTEST: ________________________
Secretary
Recorded in Resolution Book, Vol. ______ Page _____, ____ day of _____________.
EFFECTIVE DATE: ________________
I HEREBY CERTIFY THAT THE ABOVE
IS TRUE AND CORRECT
______________________________________
CITY CLERK
SEE ATTACHMENT
attachment
Exhibit "A"
Sports & Exhibition Authority of Pittsburgh and Allegheny County Auditorium Bonds Refunding Series A of 2005 Not-to-Exceed Aggregate Debt Service |
FYE 12/31 |
Not-to-Exceed Aggregate Debt Service |
50.00% Not-to-Exceed City of Pittsburgh Debt Service Obligation |
50.00% Not-to-Exceed County of Allegheny Debt Service Obligation |
|
|
|
|
2005 |
1,235,458.75 |
617,729.38 |
617,729.38 |
2006 |
1,446,755.00 |
723,377.50 |
723,377.50 |
2007 |
1,968,100.00 |
984,050.00 |
984,050.00 |
2008 |
519,600.00 |
259,800.00 |
259,800.00 |
2009 |
514,350.00 |
257,175.00 |
257,175.00 |
|
|
|
|
2010 |
508,285.00 |
254,142.50 |
254,142.50 |
|
|
|
|
2011 |
511,385.00 |
255,692.50 |
255,692.50 |
|
|
|
|
2012 |
518,100.00 |
259,050.00 |
259,050.00 |
2013 |
538,120.00 |
269,060.00 |
269,060.00 |
2014 |
540,570.00 |
270,285.00 |
270,285.00 |
2015 |
531,210.00 |
265,605.00 |
265,605.00 |
2016 |
540,560.00 |
270,280.00 |
270,280.00 |
2017 |
257,672.50 |
128,836.25 |
128,836.25 |
2018 |
259,332.50 |
129,666.25 |
129,666.25 |
Total |
9,889,498.75 |
4,944,749.38 |
4,944,749.38 |
|
|
|
|
|
EXHIBIT "B"
DRAFT
SUPPORTING AGREEMENT AMONG THE SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY (THE "AUTHORITY") AS SUCCESSOR TO THE PUBLIC AUDITORIUM AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY, THE CITY OF PITTSBURGH AND THE COUNTY OF ALLEGHENY RELATING TO THE AUTHORITY'S AUDITORIUM BONDS, REFUNDING SERIES A OF 2005
This Agreement dated as of ________August _, 2005 by and among the SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY as successor to the PUBLIC AUDITORIUM AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY (the "Authority"), a public body corporate and politic, exercising public powers of the Commonwealth of Pennsylvania (the "Commonwealth") as an agency thereof duly organized and validly existing under the provisions of the Sports & Exhibition Authority Act of the Commonwealth of Pennsylvania, (P.L. 616, Act of October 30, 2000), as amended, having been duly organized by the City of Pittsburgh, Pennsylvania (the "City"), and County of Allegheny, Pennsylvania (the "County"), the City and the County,
WITNESSETH
WHEREAS, the Authority was organized by the City and County (the "Incorporating Municipalities") pursuant to the Act for the purpose of acquiring, holding, constructing, improving, maintaining and operating, owning, or leasing, either in the capacity of lessor or lessee, public auditoriums; and
WHEREAS, the Authority, has previously issued its Auditorium Bonds, Series of 1999 (the "1999 Bonds") in order to provide funds for certain Mellon Arena improvements and to refinance other outstanding debt related to Mellon Arena, the payment of the debt service on which has been guaranteed one-half by the City and one-half by the County; and
WHEREAS, pursuant to a Supporting Agreement (the "1999 Supporting Agreement") among the Authority, the County and the City, the County and the City each unconditionally agreed to pay one-half of the required debt service payments on the 1999 Bonds as and when due; and
WHEREAS, in January 2005, the Authority issued its Regional Asset District Sales Tax Revenue Bonds, Refunding Series of 2005 to refinance a portion of the 1999 Bonds to obtain upfront savings for operational costs of the David L. Lawrence Convention Center; and
WHEREAS, the Authority desires to issue its Auditorium Bonds, Refunding Series A of 2005 (the "2005 Bonds") to refund the remaining 1999 Bonds to obtain upfront savings for use in paying interest in calendar year 2005 on existing bank loans and other costs and expenses of the David L. Lawrence Convention Center (the "Project"); and
WHEREAS, the Authority seeks to enter into a new Supporting Agreement under essentially the same terms as the 1999 Supporting Agreement with the County and the City in which the County and the City will each unconditionally agreed to pay one-half of the required debt service payments on the 2005 Bonds; and
WHEREAS, the Incorporating Municipalities have reviewed the Project and determined that the Project is appropriate to fulfill the public need; and
WHEREAS, in order to obtain the funds necessary to undertake the Project, the Authority will issue the 2005 Bonds in the aggregate principal amount not to exceed Eight Million, Nine Hundred Thousand Dollars ($8,900,000); and
WHEREAS, the Incorporating Municipalities desire to make grants semi-annually from revenues to provide for the debt service on and other amounts payable with respect to the 2005 Bonds to the Trustee for such payment, and the Incorporating Municipalities desire to enter into this Supporting Agreement to provide for the semi-annual grants; and
WHEREAS, by its resolution adopted ________, 2005, the Authority has authorized the issuance of the 2005 Bonds; and
WHEREAS, concurrently with the execution and delivery of this Agreement and upon issuance of the 2005 Bonds, the Authority will enter into a Trust Indenture dated as of September 1, 2005 (the "Indenture") with J.P. Morgan Trust Company, National Association, as Trustee (the "Trustee"); and
WHEREAS, the Indenture requires that the Authority deliver to the Trustee, as a condition precedent to the authentication by the Trustee of the 2005 Bonds, an executed counterpart of this Supporting Agreement, together with an assignment by the Authority to the Trustee of this Supporting Agreement and the moneys payable hereunder; and
WHEREAS, the Authority and the Incorporating Municipalities believe that this Supporting Agreement between the Authority and the Incorporating Municipalities is desirable in order to enable the Authority to carry out the purposes for which it was created.
NOW, THEREFORE, the parties hereto in consideration of the agreements, covenants and conditions herein contained, and intending to be legally bound, covenant and agree as follows:
SECTION 1. The Incorporating Municipalities hereby agree to the issuance of the 2005 Bonds and each Incorporating Municipality severally covenants and agrees to pay to the Authority, or its assigns, and each grants hereunder an amount in each year equal to one-half of the annual debt service requirements on the 2005 Bonds in such amounts as are then due and payable on each day immediately preceding each day when any payment of principal or interest is due, whether at maturity or upon earlier redemption, on the 2005 Bonds to the extent other funds are not available to the Trustee for such payment. The obligation of each Incorporating Municipality is individual and separate as to its proportionate share; neither Incorporating Municipality shall be obligated hereunder to pay any portion of the other Incorporating Municipality's obligation hereunder.
SECTION 2. It is understood and agreed that the annual payments, contributions or grants to be made by each of the Incorporating Municipalities shall be payable out of their respective revenues including taxes and other general revenues and on the dates and at the places and in the manner specified herein and that the Incorporating Municipalities shall include each such amount in their respective budgets for the year in which such amount is payable and shall appropriate and pay such amount when due, subject to any other funds being available to the Trustee for such payment. For the purposes of such budgeting, appropriation and payment, the Incorporating Municipalities hereby respectively pledge their full faith, credit and taxing power, as authorized by City Resolution enacted August __, 2005 and approved by the Mayor on August__, 2005 and by County Ordinance enacted August___, 2005 and approved by the County's Chief Executive on August __, 2005.
SECTION 3. The debt service on the Bonds payable by each of the Incorporating Municipalities is an amount equal to up to one-half (1/2) of the amounts set forth as Not-to-Exceed Aggregate Debt Service in Exhibit "A", attached hereto and made a part hereof, subject to any other funds available to the Trustee for such payment.
SECTION 4. It is understood and agreed that the annual amounts payable hereunder, net of available funds, shall continue to be payable at the times and in the amounts herein specified, irrespective of whether or not any or all of the property financed or refinanced with the proceeds of the Bonds shall have been wholly or partially destroyed, and irrespectie of the taking of such property or any portion thereof by condemnation or otherwise, the lawful or unlawful prohibition of the Authority's use thereof, the interference with such use by any public or private person or corporation, the sale or lease of such property or any eviction by paramount title, and that this Agreement shall not terminate prior to the expiration of the term of the 2005 Bonds; nor shall there be any abatement of or redemption of any annual payment, for any cause whatsoever whether similar or dissimilar to any of the foregoing any present or future law to the contrary notwithstanding, as long as the 2005 Bonds are outstanding. The covenants of the Incorporating Municipalities to pay the annual payments are and shall be deemed separate and independent covenants, and the Incorporating Municipalities shall have no right of set-off, recoupment or counterclaim against the Authority or the Trustee or assignee of the Authority.
SECTION 5. The Authority covenants and agrees that it will use the proceeds received from the sale of the 2005 Bonds solely for the Project and according to all provisions of the Indenture and applicable law.
SECTION 6. It is understood and agreed that the Authority will assign to the Trustee all its right, title and interest in and to this Supporting Agreement, and the Incorporating Municipalities hereby consent to such assignment and agree to pay or cause to be paid all annual payments hereunder to the Trustee in accordance with such assignment. The Incorporating Municipalities agree to cooperate with and assist the Authority in complying with any reporting requirements of the insurer of the 2005 Bonds, if any, and in complying with Securities and Exchange Commission Rule 15c2-12(17 C.F.R. § 240.15c2-12).
SECTION 7. The Authority expects to receive certain payments (as described in paragraph A of the section titled "Release of Lemieux Group from Obligations Relating to the 1994 Bonds, etc.") from the Lemieux Group. L.P., a Pennsylvania limited partnership d/b/a the "Pittsburgh Penguins" pursuant to a First Amendment to Development and Repayment Agreement dated as of September 1, 1999 among the Authority, the Lemieux Group L.P. and SMG Pittsburgh, L.P. The Authority agrees to transfer or cause to be transferred any such payments made by the Lemieux Group. L.P., one-half (1/2) to the City and one-half (1/2) to the County.
SECTION 8. This Agreement shall take effect immediately upon its execution and delivery by all parties hereto and shall continue until the Authority shall have paid, or shall have caused to be paid to the Trustee sufficient funds (otherwise unencumbered) to pay all principal and interest and expenses of redemption (if any) upon its 2005 Bonds.
SECTION 9. It is understood and agreed that the obligation of each of the Incorporating Municipalities to make payments hereunder shall be absolute and shall not be subject to any defense or any right of set-off, counterclaim or recoupment arising out of any breach by the Authority of any obligation to it whether hereunder or otherwise, or out of any indebtedness or liability at any time owing to it by the Authority.
SECTION 10. If any clause, provision or section of this Agreement shall be held illegal or invalid by any court, the invalidity of such clause, provision or section shall not affect any of the remaining clauses, provisions or sections hereof and this Agreement shall be construed and enforced as if such illegal or invalid clause, provision or section had not been contained herein. In case any agreement or obligation contained in this Agreement is held to be in violation of law, then such agreement or obligation shall be deemed to be the agreement or obligation of the parties, as the case may be, to the full extent permitted by law.
SECTION 11. The laws of the Commonwealth of Pennsylvania shall govern the construction of this Agreement.
SECTION 12. This Agreement has been authorized on the part of the Authority by Resolution of its Board duly adopted at a meeting held on______________, 2005.
SECTION 13. This Agreement has been authorized on the part of the City of Pittsburgh by Resolution duly adopted by City Council on August___, 2005, and approved by the Mayor on August___, 2005.
SECTION 14. This Agreement has been authorized on the part of the County of Allegheny by Ordinance of its County Council duly enacted at a meeting held on August ___, 2005 and approved by the County's Chief Executive on August __, 2005.
WITNESS the due execution hereof as of the day and year first above written.
ATTEST:
SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY
_______________________ __________________________________
Secretary Chairman
ATTEST: CITY OF PITTSBURGH
_____________________ By:_____________________________
City Clerk Tom Murphy, Mayor
Approved as to form:______________________
City Solicitor
Approved as to form: ______________________
City Controller
ATTEST: COUNTY OF ALLEGHENY
___________________ _____________________________
County Manager
Approved as to form:________________
Assistant County Manager
Approved as to form: __________________
County Solicitor
Approved as to form: _________________
County Controller
EXHIBIT "A"
Sports & Exhibition Authority of Pittsburgh and Allegheny County Auditorium Bonds Refunding Series A of 2005 Not-to-Exceed Aggregate Debt Service |
FYE 12/31 |
Not-to-Exceed Aggregate Debt Service |
50.00% Not-to-Exceed City of Pittsburgh Debt Service Obligation |
50.00% Not-to-Exceed County of Allegheny Debt Service Obligation |
|
|
|
|
2005 |
1,235,458.75 |
617,729.38 |
617,729.38 |
2006 |
1,446,755.00 |
723,377.50 |
723,377.50 |
2007 |
1,968,100.00 |
984,050.00 |
984,050.00 |
2008 |
519,600.00 |
259,800.00 |
259,800.00 |
2009 |
514,350.00 |
257,175.00 |
257,175.00 |
|
|
|
|
2010 |
508,285.00 |
254,142.50 |
254,142.50 |
|
|
|
|
2011 |
511,385.00 |
255,692.50 |
255,692.50 |
|
|
|
|
2012 |
518,100.00 |
259,050.00 |
259,050.00 |
2013 |
538,120.00 |
269,060.00 |
269,060.00 |
2014 |
540,570.00 |
270,285.00 |
270,285.00 |
2015 |
531,210.00 |
265,605.00 |
265,605.00 |
2016 |
540,560.00 |
270,280.00 |
270,280.00 |
2017 |
257,672.50 |
128,836.25 |
128,836.25 |
2018 |
259,332.50 |
129,666.25 |
129,666.25 |
Total |
9,889,498.75 |
4,944,749.38 |
4,944,749.38 |
|
|
|
|
|
CERTIFICATE
I, the undersigned, City Clerk of the City of Pittsburgh, Pennsylvania, Allegheny County, Pennsylvania (the "City"), hereby certify that: (a) attached to this Certificate is a true, correct and complete copy of a Resolution (the "Resolution") which was duly adopted at a meeting of the City Council of the City on ___________, 2005, at which a quorum was present and acting throughout, and which was at all times open to the public; (b) the Resolution was duly recorded in the City's Resolution Book, and a summary of the Resolution was published as required by law in a newspaper of general circulation in the City; (c) the City met the advance notice requirement of 65 Pa. C.S.A. § 701 by advertising the date of the meeting and posting a notice of the meeting at the public meeting place of the City Council; and (d) the vote upon Resolution was called and duly recorded upon the minutes and that the members voted in the following manner:
Yes No Abstain Absent
Len Bodack, Jr. ___ ___ ___ ___
Twanda Carlisle ___ ___ ___ ___
Daniel Deavy ___ ___ ___ ___
James Motznik ___ ___ ___ ___
William Peduto ___ ___ ___ ___
Luke Ravenstahl ___ ___ ___ ___
Eugene Ricciardi ___ ___ ___ ___
Doug Shields ___ ___ ___ ___
Sala Udin ___ ___ ___ ___
WITNESS my hand and seal of the City on ____________, 2005.
By: _______________________________
City Clerk
(SEAL)