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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 ten (10) years at a cost not to exceed $700,000.08: ($135,000.00 for the first twenty-four (24) months of the lease term; $137,500.08 for the second twenty-four (24) months of the lease term; $139,999.92 for the third (24) twenty-four months of the lease term; $142,500.00 for the fourth (24) months of the lease term and $145,000.08 for the remaining (24) months of the lease term).
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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 ten (10) years commencing June 1, 2018 and concluding May 31, 2028, at a cost not to exceed Seven hundred thousand dollars and eight cents ($700,000.08): One hundred thirty-five thousand dollars ($135,000.00) for the first 24 months of the lease term, One hundred thirty-seven thousand five hundred dollars and eight cents ($137,500.08) for the second 24 months of the lease term, One hundred thirty-nine thousand nine hundred ninety-nine dollars and ninety-two cents ($139,999.92) for the third 24 months of the lease term, One hundred forty-two thousand five hundred dollars ($142,500.00) for the fourth 24 months of the lease term and, One hundred forty-five thousand dollars and eight cents ($145,000.08) for the remaining 24 months of the lease term, contingent upon annual appropriation...
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