Board Meeting July 16, 2018.

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Presentation transcript:

Board Meeting July 16, 2018

Central Business District – 420 Boulevard of the Allies General Announcements Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive Authorization to execute an agreement of sale with 420 Allies LLC for the acquisition of Block 1-M, Lot 150, in the 1st Ward (420 Boulevard of the Allies) for $27,500,000.00. Authorization to pay the URA’s share of the down payment on the acquisition of 420 Boulevard of the Allies in the amount of $1,666,667.00. Issuance of a request for proposals (RFP) for design of the interior build out of the URA-occupied portion of 420 Boulevard of the Allies. Authorization to enter into an agreement with Blank Rome LLP for an amount not to exceed $25,000.00 for legal services related to the acquisition of 420 Boulevard of the Allies. Authorization to enter into cooperation agreements with the City of Pittsburgh and the Housing Authority of the City of Pittsburgh concerning funding and ownership matters related to the acquisition of 420 Boulevard of the Allies, including, but not limited to, a commitment to execute a guaranty and related security instruments securing a borrowing by the City of Pittsburgh by a to-be-determined lending institution in an amount not-to-exceed $40,000,000.00 to finance acquisition, design, and build out.

200 Ross St. General Announcements Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive 200 Ross Street Major building systems need to be replaced Renovations required to meet current codes Building does not adequately facilitate modern workplace standards Not customer friendly

200 Ross St. Announcements Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

Engineering and Construction General 200 Ross St. Engineering and Construction Housing Real Estate Executive

General Announcements Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

General Announcements Housing Real Estate Executive Engineering and Construction Announcements Center for Innovation and Entrepreneurship Housing Real Estate Executive

General Announcements Housing Real Estate Executive Engineering and Construction Announcements Center for Innovation and Entrepreneurship Housing Real Estate Executive

420 Blvd of the Allies General Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

420 Blvd of the Allies General Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

420 Blvd of the Allies General Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

420 Blvd of the Allies General Housing Real Estate Executive Center for Innovation and Entrepreneurship Engineering and Construction Housing Real Estate Executive

General Announcements Housing Real Estate Executive Engineering and Construction Announcements Center for Innovation and Entrepreneurship Housing Real Estate Executive