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Resolution authorizing the Mayor and the Director of the Department of Parks & Recreation, on behalf of the City of Pittsburgh, to enter into a professional services agreement or agreements with Pittsburgh Three Rivers?Marathon, Inc. ("P3R") to provide management services for the Richard S. Caliguiri City of Pittsburgh Great Race ("Great Race"), for a term of three years (2024-2026) with the option to renew for two, one-year terms (2027 and 2028), at a total cost not to exceed the greater of $60,000 or 40% of net revenues generated by each year's Great Race.
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Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Department of Parks & Recreation, Office of Special Events, on behalf of the City of Pittsburgh, are authorized to enter into an agreement or agreements with Pittsburgh Three Rivers Marathon, Inc. ("P3R"), in a form approved by the City Solicitor, for providing professional services with regard to the management of the Richard S. Caliguiri City of Pittsburgh Great Race. Said agreement or agreements shall be for a term of three years (2024-2026), with the option to renew for two, one-year terms (2027 and 2028), at a total cost to the City not to exceed the following amounts:
2024
The greater of Sixty Thousand Dollars and No Cents ($60,000.00) or 40% of net revenues generated by the 2024 Great Race, with deposits made into the Special Events Trust Fund 5000731400.43166.00, and payments chargeable to and payable from the Special Events Trust Fund 5000731400.53901.00. After taking its share of revenues, P3R shall deposit any remaining funds into JDE Account Code 5000731400.43166.00.
2025
The greater of Sixty Thousand Dollars and No Cents ($60,000.00) or 40% of net revenues generated by the 2025 Great Race, with deposits made into the Special Events Trust Fund 5000731400.43166.00, and payments chargeable to and payable from the Special Events Trust Fund 5000731400.53901.00. After taking its share of re...
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