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Resolution authorizing the Mayor and the Director of Operations of the City of Pittsburgh to sell city parking facilities to the Pittsburgh Parking Authority for the sum of $220,000,000 (two hundred and twenty million dollars).
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WHEREAS, the City of Pittsburgh ("City") has established a Parking Meter Network ("Network") utilizing certain public streets, rights-of-way and properties with the jurisdiction of the City; and,
WHEREAS, the City currently owns Mellon Square Garage and five street lots; and,
WHEREAS, taken together, Mellon Square Garage, the five street lots, and the Network are known collectively as the City Parking Facilities; and,
WHEREAS, pursuant to the Pennsylvania Motor Vehicle Code, 75 Pa.C.S. §6109(h)(1), Section 4404(d)(21) of the Parking Authority Law, 53 Pa. C.S. §5505(d)(21) and various agreements between the City and the Pittsburgh Parking Authority ("Authority"), the Authority manages the City Parking Facilities, including the enforcement and administration of the ordinances and regulations adopted by the City of Pittsburgh with respect thereto; and,
WHEREAS, the Authority is a public authority created by the City in 1947 to provide and maintain spaces for vehicle parking throughout the City and to support the efforts of the City and its agencies to ensure the economic progress of our region; and,
WHEREAS, the Authority has sufficient cash reserves to modernize its meter operation and can utilize current cash reserves and future revenues for the rehabilitation and renovation of parking facilities in the City; and,
WHEREAS, the Authority desires to use the City Parking Facilities to influence public policy relative to the transportation needs of both the City and the region, to advance economic development of Pittsburgh's downtown and neighborhood business districts, to utilize parking tools to enhance the quality of life of residents, commuters and visitors in the City; and,
WHEREAS, the City ...
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