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File #: 2017-2210    Version: 1
Type: Resolution Status: Passed Finally
File created: 12/1/2017 In control: Committee on Finance and Law
On agenda: 12/5/2017 Final action: 12/19/2017
Enactment date: 12/19/2017 Enactment #: 833
Effective date: 12/28/2017    
Title: Resolution amending Resolution 49 of 2005 entitled "Resolution providing for the establishment of a newly created Allegheny Regional Asset District Trust Fund (ARADTF)" to allow for grant monies to be split into two trust funds, and to clarify the sources and uses of these funds.
Indexes: TRUST FUND
Attachments: 1. Summary 2017-2210.docx

Title

Resolution amending Resolution 49 of 2005 entitled “Resolution providing for the establishment of a newly created Allegheny Regional Asset District Trust Fund (ARADTF)” to allow for grant monies to be split into two trust funds, and to clarify the sources and uses of these funds.

 

Body

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

 

Section 1.                     The City Controller is hereby authorized and directed to create a special two trust funds to be called the Allegheny Regional Asset District- Parks and Recreation Trust Fund  (“ARADTF”), and Allegheny Regional Asset District - Public Works Trust Fund into which trust fund there shall be deposited any and all monies received from the income of revenues granted from the Allegheny County Regional Asset District to the City of Pittsburgh 1% sales tax shall be deposited, for use in the City of Pittsburgh’s following parks: Frick Park, Schenley Park, Highland Park, Emerald View Park, and Riverview Park (hereinafter the “Regional Parks”).  The ARADTF monies deposited into these is accounts shall be used by the Department of Parks and Recreation, the Department of Public Works, and other such departments as designated by the Director of the Office of Management and Budget, to cover all expenditures relating to the Regional Parks, including but not limited to an agreement or agreements or the use of existing agreements, or other approved expenditures for the payment of salaries, transfers, fringe benefits, supplies, equipment, utilities, materials, rentals, professional and miscellaneous services and any other services required in connection therewith.  All expenditures must be approved by the Directors of the Department of Parks and Recreation and/or the Department of Public Works, which departments shall have separate account numbers in ARADTF.