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EQUIPMENT LEASING AUTHORITY

Equipment Leasing Authority

The Equipment Leasing Authority (ELA) was incorporated in 1980 to serve as a financing mechanism enabling the City of Pittsburgh to make major equipment purchases, primarily vehicles. The ELA would issue bonds, buy the vehicles, hold title to those vehicles, and lease them to the City. The lease payments amortized the bonds.

The last ELA bonds were retired in 1997. Since then the ELA has continued its role as the City's central player in Fleet aquisition, maintenance, repair, and replacement. The current ELA Board includes the City's Capital Budget Manager, the Mayor's Chief Operations Officer, City Council's Budget Director, one member of City Council, and one individual from Public Safety.  

Governing Documents

Members

Five members

  • 3 appointed by Mayor of Pittsburgh
  • 2 appointed by City Council President
  • Generally from City Office of Management and Budget and/or Councilmembers themselves

  • Jennifer Presutti, Chair
  • Term Expires 4/17/2018
  • Guy Costa, Vice Chair
    • Term Expires 4/17/2022
  • Councilman Bruce Kraus, Assistant Treasurer
    • Term Expires 12/31/2017
  • William Urbanic, Treasurer
    • Term Expires 12/31/2017
  • Wendell Hissrich, Secretary
    • Term Expires 6/14/2021

Meetings

  •  Held Quarterly, at 2 PM in the City-County Building, Room 646
  • 2017 Meeting Schedule:
    • March 30
    • June 29
    • September 28
    • December 7

Contact Information

Jennifer Presutti, Chair, Equipment Leasing Authority
Phone: 412-255-2640
Fax: 412-255-4899
Email: jennifer.presutti@pittsburghpa.gov