Title
Resolution providing for the creation of The Mobility Enhancement District Trust Fund and setting conditions for the deposit and expenditure of such funds. This fund is for the exclusive use of funding “Mobility Enhancements” within the “Mobility Enhancement District” as defined in Section 550.02 of The Pittsburgh Code of Ordinances.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The City Controller is hereby authorized and directed to create a trust fund entitled the “Mobility Enhancement District Trust Fund” into which shall be deposited monies in accordance with Chapter 550 of The Pittsburgh Code of Ordinances.
Section 2. The Trust Fund shall be established within the Office of Management and Budget and may only be used for Mobility Enhancements within the Mobility Enhancement District as defined in Section 550.02 of The Pittsburgh Code of Ordinances.
Section 3. The Department of Public Works and The Department of Mobility and Infrastructure shall be authorized to use the trust fund for funding Mobility Enhancements within the Mobility Enhancement District.
Section 4. A community meeting will be held in the third quarter of each year to solicit community priorities and recommendations for projects to be financed using the Mobility Enhancement District Trust Fund. Community Organizations within the Mobility Enhancement District will be asked to participate and notice of the meeting will be made public no sooner than one month prior to the date of the community meeting.
Section 5. A yearly budget for the expenditure of funds from the Mobility Enhancement District Trust Fund shall be submitted to Council, along with a list of community priorities and recommendations solicited from the required community meeting, no later than December 1st of each year.
Section 6. An annual report detailing revenues and expenditures from the “Mobility Enhancement District Trust Fund” shall be prepared by the Office of Management and Budget and communicated to City Council, the City Controller, and the Mayor by May 1st of each year.