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 acquisition, maintenance, repair, and replacement. The current ELA Board includes the City’s Director of the Office of Management and Budget, the Mayor's Chief Operations Officer, one member of City Council, City Council’s Budget Director, and one individual from Public Safety.  

Governing Documents

• ELA Articles of Incorporation
• ELA By-Laws
• Municipal Authorities Act of 1945

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 3/31/2023
• Guy Costa, Vice Chair
  • Term Expires 4/17/2022
• Councilman Bruce Kraus, Assistant Treasurer
  • Term Expires 6/15/2021
• William Urbanic, Treasurer
  • Term Expires 6/15/2021
• Wendell Hissrich, Secretary
  • Term Expires 6/14/2021

Meetings

• Held Quarterly, at 2 PM in the City-County Building, Room 646
•  2018 Meeting Schedule
  •  March 22, 2018
  •  June 28, 2018
  •  September 27, 2018
  •  December 6, 2018

Contact Information