Presenter
Presented by Mr. Shields
Title
Resolution authorizing the City of Pittsburgh ("City") to accept a no-interest loan, for a term not to exceed Three (3) years, in an amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) from the Pittsburgh History & Landmarks Foundation, the proceeds to be used to make certain repairs to City property at 439 Market Street, 1st Ward, and to enter into an Agreement or Agreements to effectuate such loan, and permit the City to grant a historic preservation easement to protect the front façade of such building.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Mayor and the Director of the Department of Finance, on behalf of the City, are hereby authorized to enter into a Loan Agreement or Agreements, in form and substance to be approved by the City Solicitor, providing for acceptance by the City of a no-interest loan in an amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) from the Pittsburgh History and Landmarks Foundation, the proceeds to be used to make certain roof and other repairs to a City building at 439 Market Street, 1st Ward, in the City, and for a term not to exceed three (3) years, and the City is further authorized to grant a historic preservation easement to protect the front façade of the building; and further authorizing the Mayor and proper officials of the City to execute such Agreements, notes and documents as are reasonably necessary to effectuate the transaction.