City of Pittsburgh - File #: 2017-1757

• File #: 2017-1757
• Version: 1
• Type: Resolution
• Status: Passed Finally
• File created: 7/14/2017
• In control: Committee on Finance and Law
• On agenda: 7/18/2017
• Final action: 7/31/2017
• Enactment date: 7/31/2017
• Enactment #: 478
• Effective date: 8/10/2017
• Title: Resolution authorizing the Mayor and the Director of Finance to enter, on behalf of the City of Pittsburgh, into a lease agreement or agreements with Pittsburgh Hispanic Development Corporation (a 501(c)(3) non-profit corporation) in order that it may utilize the 2nd floor of the City of Pittsburgh's building located at 1553 Broadway Ave, for a business incubator and co-working space. Said agreement(s) shall be for a term of 10 years with two 5 year renewal options.
• Indexes: LEASE/LICENSE AGREEMENT

Date	Ver.	Action By	Action	Result
8/10/2017	1	Mayor	Signed by the Mayor
7/31/2017	1	City Council	Passed Finally	Pass
7/26/2017	1	Standing Committee	Affirmatively Recommended	Pass
7/18/2017	1	City Council	Read and referred

Title

Resolution authorizing the Mayor and the Director of Finance to enter, on behalf of the City of Pittsburgh, into a lease agreement or agreements with Pittsburgh Hispanic Development Corporation (a 501(c)(3) non-profit corporation) in order that it may utilize the 2^nd floor of the City of Pittsburgh’s building located at 1553 Broadway Ave, for a business incubator and co-working space. Said agreement(s) shall be for a term of 10 years with two 5 year renewal options.

Body

Be it resolved by the Council of the City of Pittsburgh as follows:

Section 1.                     The Mayor and the Director of Finance are hereby authorized to enter, on behalf of the City of Pittsburgh, into a lease agreement or agreements with Pittsburgh Hispanic Development Corporation (a 501(c)(3) non-profit corporation) in order that it may utilize the 2nd floor of the City of Pittsburgh’s building located at 1553 Broadway Ave, for a business incubator and co-working space.

Under the terms of said agreement(s), Pittsburgh Hispanic Development Corporation shall pay the City:

Three hundred and Sixty-Four Dollars ($364) per month for years 1-5,

One Thousand Eight Hundred and Twenty Dollars ($1,820) per month for years 6-10,

Two Thousand Three Hundred and Sixty Six ($2,366) a month for years 11-15

Two Thousand Nine Hundred and Twelve Dollars ($2,912) a month for years 16-20.

This payment shall be deposited into the Facilities Trust Fund, JDE account 0730125015.43407.00.