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Resolution authorizing the Director of Finance to enter into a contract or agreement, or use of existing contract or agreement with the Pittsburgh Community Reinvestment Group for the purpose of providing an annual analysis of community reinvestment of possible City depositories and other associated work associated with RFPs for City Depository Analysis. The contract will be with the Department of Finance and the contract period shall be for November 1 to December 31, 2018, renewable annually for up to three (3) years by mutual agreement of the parties. Total cost for 2018 is $25,000.
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Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Director of the Department of Finance is authorized to enter into a contract or agreement, or use of existing contract or agreement with the Pittsburgh Community Reinvestment Group for the purpose of providing an annual analysis of community reinvestment of possible City depositories and other associated work associated with RFPs for City Depository Analysis, in a Cost not to exceed twenty-five thousand dollars ($25,000) in 2018 and twenty-five thousand dollars ($25,000) for each additional year of renewed services, subject to annual appropriation by City Council for future years.
Funds shall be paid from the following accounts:
2018: $25,000.00 from 11101.107000.53.53501.2018
Section 2. Said Agreement or Agreements shall be approved by the City Solicitor as to form and substance.