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Equipment Leasing Authority

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PUBLIC NOTICE: Notice of Scheduled Quarterly Meeting (Pursuant to the Act of July 19, 1994, P.L. #386, 65 P.S. 261)

THE CITY OF PITTSBURGH-EQUIPMENT LEASING AUTHORITY BOARD MEETING SHALL BE HELD ON:
Thursday, October 3rd, 2024 at 2:00 P.M.
CITY COUNTY BUILDING, ROOM 646 (THE LEARNING LAB) PITTSBURGH, PA 15219
This meeting is open to the public to participate in person or via conference call at the following number:
Call-in Number: 1-412-851-3584
Guest Passcode: 202 409 159#

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. Since its incorporation, the ELA has continued its role as the City's central player in Fleet acquisition, maintenance, repair, and replacement.

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

Lisa Frank, Chair
- Term Expires 3/31/2028
Chris Hornstein, Vice Chair
- Term Expires 4/30/2027
Councilman Anthony Coghill, Assistant Treasurer
- Term Expires 6/15/2026
Peter McDevitt, Treasurer
- Term Expires 6/15/2026
Lee Schmidt, Secretary
- Term Expires 6/15/2026

Meetings

Held Quarterly at 2 PM
Due to the COVID-19 protective guidelines set forth by the federal, state, and local governments, the Equipment Leasing Authority Board Meetings will be conducted remotely until further notice.
2024 Meeting Schedule
- January 25, 2024
- April 18, 2024
- July 11, 2024
- October 3, 2024