Allegheny County Header
Share to Facebook Share to Twitter Bookmark and Share
File #: 12172-22    Version: 1 Name:
Type: Resolution Status: Enacted
File created: 1/21/2022 In control: Chief Clerk
On agenda: 1/25/2022 Final action: 2/8/2022
Title: A Resolution approving a project for the benefit of Carnegie Mellon University, a Pennsylvania non-profit corporation (the "University"), to be financed by the Allegheny County Higher Education Building Authority (the "Authority") by the issuance of the Authority's taxable and/or tax-exempt revenue bonds, in one or more series, in an aggregate principal amount not to exceed $120,000,000 (the "Bonds"), provided that the taxing power of the County of Allegheny, Pennsylvania (the "County") shall not be obligated in any way with respect to the Bonds, and declaring the financing of such project as desirable for the health, safety, and welfare of the people in the County.
Sponsors: Chief Executive
Attachments: 1. 01-22-RE 12172-22.pdf
title
A Resolution approving a project for the benefit of Carnegie Mellon University, a Pennsylvania non-profit corporation (the "University"), to be financed by the Allegheny County Higher Education Building Authority (the "Authority") by the issuance of the Authority's taxable and/or tax-exempt revenue bonds, in one or more series, in an aggregate principal amount not to exceed $120,000,000 (the "Bonds"), provided that the taxing power of the County of Allegheny, Pennsylvania (the "County") shall not be obligated in any way with respect to the Bonds, and declaring the financing of such project as desirable for the health, safety, and welfare of the people in the County.

body
Whereas, the University operates a higher educational institution and has requested that the Authority undertake a project consisting of the financing of all or a portion of the costs of: (a) constructing the University's Richard King Mellon Science Building facility and related capital expenditures; (b) refunding the outstanding Allegheny County Higher Education Building Authority Carnegie Mellon University Revenue Refunding Bonds, Series A of 2012 (the "2012A Bonds") and Allegheny County Higher Education Building Authority Carnegie Mellon University Revenue Refunding Bonds, Series B of 2012 (the "2012B Bonds"); and (c) paying the related financing costs, all of which are collectively hereinafter referred to as the "Project"; and

Whereas, the facilities included in the Project are located at the following addresses within the City of Pittsburgh, Allegheny County, at the zip codes indicated, all of which are owned by the University: 5000 Forbes Ave (15213); 4600-4660 Forbes Ave (15213); 4400 Fifth Ave. (15213); 143 North Craig St. (15213); 4800 Forbes Ave. (15213); 4516 Henry St. (15213); Pittsburgh Technology Center, Technology Drive (15219); 1000 Morewood Ave. (15213); 1030 Morewood Ave. (15213); 1060 Morewood Ave. (15213); 4921 Forbes Ave. (15213); 133 N. Dithridge (15213); 1063...

Click here for full text