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Resolution authorizing the Mayor and the Director of City Planning to enter into a Cooperation Agreement or Agreements with the Urban Redevelopment Authority of Pittsburgh (“URA”) in order to accept a subgrant of Federal Transit Administration (“FTA”) awarded grant funds in an amount not to exceed One Million Two Hundred Thousand Dollars and Zero cents ($1,200,000.00.) in order to fund the creation and implementation of the Uptown and Fifth/Forbes Corridor Investment District.
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WHEREAS, the City and the URA are working cooperatively regarding the Uptown and Fifth/Forbes Corridor Investment District; and
WHEREAS, pursuant to Resolution 801 of 2014, effective November 25, 2014, City Council authorized the URA to include certain City funds dedicated to the cost and creation of an Uptown and Fifth/Forbes Corridor Investment District to be used as a local match for the FTA grant application for Transit Oriented Development Planning Pilot Program funds; and
WHEREAS, in December, 2015, the FTA awarded One Million, Two Hundred Thousand Dollars and Zero cents ($1,200,000.00) to the URA for the Transit Oriented Development Planning Pilot Program; and
WHEREAS, the URA has agreed to provide these FTA grant funds to the CITY to be used for portion of the Pittsburgh Uptown bus rapid transit corridor planning project, and the parties now wish to enter into a Cooperation Agreement or Agreements to effectuate the transfer of the grant funds and to set forth the duties and responsibilities of the parties.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1.
A. The Mayor and the Director of City Planning, on behalf of the City of Pittsburgh, are hereby authorized to enter into a Cooperation Agreement or Agreements or other relevant agreements with the Urban Redevelopment Authority of Pittsburgh (“URA”) in order to accept a subgrant of Federal Transit Administration (“FTA”) grant funds in an amount not to exceed One million, Two Hundred Thousand Dollars and Zero cents ($1,200,000.00) to be used for a portion of the Pittsburgh Uptown bus rapid transit corridor planning project.
B. The Cooperation Agreement or Agreements will be subject to the approval of the City Solicitor as to form and substance.
C. Monies forwarded from the URA to the City pursuant to the above-referenced Cooperation Agreement or Agreements will be deposited into JDE account # 1129400174.45703.00 and chargeable to and payable from the following account:
1129400174.53901.00 Item number 1156 $1,200,000.00.