Title
Resolution authorizing the City of Pittsburgh to enter into concession arrangements with LAZ Parking and J. P. Morgan IFF Acquisitions LLC, operating as Pittsburgh Parking Partners, LLC with respect to on street metered parking and the garages and lots owned by the City and the Public Parking Authority of Pittsburgh (the "Authority") pursuant to the Pittsburgh Metered Parking System Concession and Services Agreement and the Pittsburgh Public Parking Facilities System Concession and Lease Agreement, and to authorize certain actions and ancillary agreements contemplated by the Metered System Concession Agreement and the Facilities Concession Agreement including the conveyance of Mellon Square garage and five (5) surface parking lots to the Authority as required by the Facilities Concession Agreement and the conveyance of parking meters and other items of equipment to the Concessionaire as required by the Metered System Concession Agreement. (Parking Assets Lease)
Body
WHEREAS, the City and the Public Parking Authority of Pittsburgh (the "Authority") collectively own and operate certain parking garages, off-street parking lots and on-street parking meters (collectively, the "Parking Facilities System") comprising elements (1) owned by the Authority (the "Authority Parking Facilities") which consist of certain parking garages (the "Authority Garages") and surface parking lots (the "Authority Lots") and (2) owned by the City which consist of Mellon Square Garage ("Mellon Garage") (Block and Lot - 2-A-132-0000-01, 2-A-132-0000-02) and five surface parking lots: 12th & East Carson Lot (Block and Lot 3-H-163), Harvard/Beatty Lot (Block and Lot 83-P-230), Forbes/Murray Lot (Block and Lot 86-G-284), Sheridan/Kirkwood Lot (Block and Lot 84-C-236), and Tamello/Beatty Lot (Block and Lots 84-B-256 and 84-B-240) (the "City Lots") (the Mellon Garage and City Lots are collectively referred to as the "City Parking Facilities");
WHEREAS, the City has establish...
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