Presented
Presented by Mrs. Smith
Title
Resolution authorizing and providing for an extension and/or amendment of lease agreement and/or agreements with Associated Investors, Inc. of certain indoor office space occupied by the Citizen Police Review Board for a term of five (5) years at a cost not to exceed $104,166.80 for the first twenty (20) months of the lease term and $108,333.40 for the next twenty (20) months of the lease term and $112,500.00 for the remaining (20) months of the lease term.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor, Executive Director of the Citizen Police Review Board and the Director of Finance, on behalf of the City of Pittsburgh, are hereby authorized to enter into an extension agreement and/or amendment of the Lease Agreement and/or agreements, in a form approved by the City Solicitor, for the leasing of the CPRB's office premises comprised of approximately 5000 sq. ft. of certain office space located at the Mutual Building, 816 Fifth Avenue, with Associated Investors Inc., for a term of five (5) years commencing June 1, 2013 and concluding May 31, 2018, at a cost not to exceed Sixty-two thousand, five hundred dollars and eight cents ($62,500.08) of the first year of the lease term, and Sixty-three thousand, three hundred thirty-three dollars and forty cents ($63,333.40) of the second year of the lease term, and Sixty-five thousand dollars and four cents ($65,000.04), of the third year of the lease term, and Sixty-six thousand six hundred sixty-six thousand dollars and sixty-eight cents ($66,666.68) of the fourth year of the lease term and, Sixty-seven thousand five hundred dollars ($67,500.00) of the fifth year of the lease term, contingent upon annual appropriation of funds.
Said amounts shall be chargeable to and payable from the following chart of accounts:
11101.54.54501.999900.2013