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

• 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 6/15/2021

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. 

• 2021 Meeting Schedule
  • March 25, 2021
  • June 24, 2021
  • September 23, 2021
  • December 2, 2021

Contact Information