Title
Ordinance amending and supplementing the Pittsburgh Code of Ordinances, Title One: Administrative; Article VII, Procedures, Chapter 161, Contracts, by adding a new Section 161.10, Agreements for Market Based Revenue Opportunity Program.
Body
Whereas, in conjunction with the implementation of the City's Market Based Revenue Opportunity ("MBRO") Program Policy, the City wishes to set forth specific contract procedures to expedite these unique revenue-generating opportunities.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code of Ordinances, Title One: Ordinances, Title 1: Administrative; Article VII Procedures, Chapter 161, Contracts, is hereby supplemented by adding a new Section 161.10, Agreements for Market Based Revenue Opportunity Program.
ยง 161.10 AGREEMENTS FOR MARKET BASED REVENUE OPPORTUNITY PROGRAM
(a) Subject to the applicable provisions of this Chapter, the Director of Finance is hereby authorized to enter into MBRO Agreements as defined in the City's MBRO Policy not to exceed three (3) years with up to two (2) optional one-year extensions where the MBRO opportunity is anticipated to generate less than $100,000 in annual revenue or in-kind goods and services for the City. For this category of MBRO Agreements, the Director of Finance will provide a list of current agreements to Council on a quarterly basis.
(b) Where such MBRO Agreements are anticipated to generate more than $100,000 in annual revenue or in-kind good and services for the City or where naming rights for City buildings are proposed, prior approval of Council is required before the Director of Finance may enter into such MBRO Agreement(s).