Presenter
Presented by Mr. Kraus
Title
Resolution providing for the Lease Agreement with Peter N. & Maria DePasquale, owners; and/or other assignees or transferees for warehouse and office space together with the right to utilize right of way surrounding said property known as 88 Swinburne Road, Pittsburgh, PA 15213. Annual rental amount $98,000.00, plus annual CPI increase, plus applicable Real Estate Taxes.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor, the Director of the Department of Finance and the and the Director of the Department of Public Works on behalf of the City of Pittsburgh, are hereby authorized to enter into an Agreement(s) of Lease with Peter N. & Maria DePasquale, and/or other assignees or transferees, of certain indoor and outdoor space of approximately 26,400 square feet of building space and 63,000 square feet of property space for an initial term of five (5) years, in an amount not to exceed as follows: ninety eight thousand dollars ($98,000.00) plus all applicable real estate taxes on said leased property for year one of the lease.
Ninety eight thousand dollars ($98,000.00) plus all applicable Real Estate Taxes on said leased property for year one (1) of the lease; Ninety eight thousand dollars ($98,000.00) plus escalation as per CPI calculations plus all applicable real estate taxes on said property for years two (2) through year five (5) for the purpose of securing space to be used as storage for equipment, materials, vehicles and office space by the Department of Public Works. Stipulated lease amounts are to be chargeable to and payable subject to and contingent upon the annual appropriation of funds for said Agreement of Lease from the following:
Lease Year One: Department of Public Works, Rental, Properties and Equipment, in the amount of Ninety eight thousand dollars ($98,000.00) plus all applicable Real Estate Taxes on said leased property from Rental, Properti...
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