Title
Resolution authorizing the Mayor and the Director of Finance to enter into an agreement with Richland Towers to extend the current radio tower contract located at Montana Street, Pittsburgh, PA 15214. The contract will run for a term of 20 years with the city able to implement a 10 year extension. An annual payment of $25,000 with a 3% yearly escalator beginning in year 2 will be deposited in the recently created MBRO.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of Finance to enter into an agreement with Richland Towers to extend the current radio tower contract located at Montana Street, Pittsburgh, PA 15214. The contract will run for a term of 20 years with the city able to implement a 10 year extension. An annual payment of $25,000 with a 3% yearly escalator beginning in year 2 will be deposited in the recently created MBRO. Funds will be deposited in the following JD Edwards chart field: 11101.43.43905 organization code: 107000. The extension will begin April 1, 2015.
Section 2. The Director of Finance, on behalf of the City of Pittsburgh, is hereby further authorized to enter into agreement or agreements, contract or contracts, and to make all legitimate expenditures required under the terms and conditions of the Grant Agreement with Richland Towers outlined in Section 1 of this resolution.