|
The Authority, a body corporate and politic under the laws of the Commonwealth of Pennsylvania, was organized in 1947 by the
City of Pittsburgh pursuant to the Parking Authority Law of Pennsylvania, Act of June 5, 1947, P.L. 458, as amended and supplemented, 53 P.S. SS 341 et seq., (the "Act").
- The Authority was created for the purpose of conducting the necessary research activity to maintain current data leading to efficient operation of on-street parking facilities, and is authorized by
law to plan, design, locate, acquire, hold, construct, improve, maintain and operate, own and lease, either in the capacity of lessor or lessee, land and facilities to be devoted to the parking of
vehicles of any kind; to borrow money; to make and issue bonds and to secure the payment of such bonds or any of its revenues and receipts; and to make such agreements with the purchasers or holders
of such bonds, or with others in connection with any such bonds, as the Authority shall deem advisable.
- The Authority has the power of eminent domain and all Authority property is exempt from real estate taxation, except any part of its structures or facilities used for commercial activities. The
Authority has no taxing power.
- The Act also permits parking authorities to sell or lease air rights or space above their facilities for commercial uses other than parking (except the sale of gasoline or automobile
accessories). Such commercial space is subject to real estate taxes.
- The Authority is governed by a five member Board (the "Board"); appointed by the Mayor of the City of Pittsburgh to serve without compensation for staggered terms of five years at the
pleasure of the Mayor. The Authority's staff is employed to administer the Authority's program and carry out decisions of the Board.
|