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File #: 2023-2125    Version:
Type: Resolution Status: Passed Finally
File created: 11/3/2023 In control: Committee on Finance and Law
On agenda: 11/6/2023 Final action: 11/20/2023
Enactment date: 11/20/2023 Enactment #: 776
Effective date: 11/22/2023    
Title: Resolution authorizing the Mayor, Director of Public Safety, Director of Finance, and Director of Public Works, on behalf of the City of Pittsburgh, to enter into a Lease Agreement or Agreements with PNC Financial Services Group, Inc. for providing a police substation at 439 Wood Street, Pittsburgh, PA over a five-year term beginning January 2024 with a total cost not to exceed FIVE HUNDRED NINETY THOUSAND ONE HUNDRED FIFTY DOLLARS ($590,150) FOUR HUNDRED SEVENTY NINE THOUSAND FIVE HUNDRED SEVENTY FIVE DOLLARS ($479,575) over 5 years.
Indexes: LEASE/LICENSE AGREEMENT
Attachments: 1. 2023-2125 Cover Letter-Wood St Letter, 2. Summary 2023-2125
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Resolution authorizing the Mayor, Director of Public Safety, Director of Finance, and Director of Public Works, on behalf of the City of Pittsburgh, to enter into a Lease Agreement or Agreements with PNC Financial Services Group, Inc. for providing a police substation at 439 Wood Street, Pittsburgh, PA over a five-year term beginning January 2024 with a total cost not to exceed FIVE HUNDRED NINETY THOUSAND ONE HUNDRED FIFTY DOLLARS ($590,150) FOUR HUNDRED SEVENTY NINE THOUSAND FIVE HUNDRED SEVENTY FIVE DOLLARS ($479,575) over 5 years.

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

Section 1. Resolution authorizing the Mayor, Director of Public Safety, Director of Finance, and Director of Public Works, on behalf of the City of Pittsburgh, to enter into a Lease Agreement or Agreements with PNC Financial Services Group, Inc. for providing a police substation at 439 Wood Street, Pittsburgh, PA over a five-year term beginning January 2024. The City is not obligated to pay rent (other than a nominal base rent of $1) under said Lease Agreement(s) but shall pay an upfront security deposit of $25,000 along with monthly operating expenses, which includes, among other things, sewer, water, electrical, and reimbursement for the purchase and installation of technological fixtures. City payments due under said Lease Agreement or Agreements shall be chargeable to and payable from the following JDE account codes contingent upon City Council's appropriations for each subsequent budget year:

Security Deposit:

2024
JDE account: 11101.450000.54.54501.2024 $2,000 25,000

Lease Expenses:

2024:
Lease - Utilities and Operating Expenses
JDE account: 11101.450000.54.54501.2024 $85,830 42,915
Lease - Technology Fixtures
JDE account: 11101.230000.54.54501.2024 $80,00...

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