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Resolution amending Resolution 662 of 2020, authorizing the Department of Parks & Recreation, Office of Special Events, to enter on behalf of the City of Pittsburgh into a professional services agreement or agreements with Pittsburgh Three Rivers Marathon, Inc. ("P3R") to provide management services for the Richard S. Caliguiri City of Pittsburgh Great Race ("Great Race"), in order to extend the term of the agreement through 2023.
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Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Department of Public SafetyParks & Recreation, Office of Special Events, are authorized to enter on behalf of the City of Pittsburgh into an amended agreement or agreements with Pittsburgh Three Rivers Marathon, Inc. ("P3R"), in a form approved by the City Solicitor, for providing professional services with regard to the management of the Richard S. Caliguiri City of Pittsburgh Great Race. Said agreement or agreements shall be for a term of three four years (2020-20223) at a total cost to the City not to exceed the following amounts:
2020
The greater of Sixty Thousand Dollars and No Cents ($60,000.00) or 40% of net revenues generated by the 2020 Great Race, with deposits made into the Special Events Trust Fund 5000731400.43166.00, and payments chargeable to and payable from the Special Events Trust Fund 5000731400.53901.00. After taking its share of revenues, P3R shall deposit any remaining funds into JDE Account Code 5000731400.43166.00.
2021
The greater of Sixty Thousand Dollars and No Cents ($60,000.00) or 40% of net revenues generated by the 2021 Great Race, with deposits made into the Special Events Trust Fund 5000731400.43166.00, and payments chargeable to and payable from the Special Events Trust Fund 5000731400.53901.00. After taking its share of revenues, P3R shall deposit any remaining funds into JDE Account Code 5000731400.43166.00.
2022
The greater of Sixty Thousand Dollars and No Cents ($60,000.00) or...
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