[Ref. of 11-5-2019]
The City of Pittsburgh hereby establishes a Parks Trust Fund dedicated to the following values: improvement, maintenance, creation and operation of public parks; improving park safety; providing equitable funding for parks, including those in underserved neighborhoods throughout the City of Pittsburgh; and securing matching funds and services from a charitable city parks conservancy.
[Ref. of 11-5-2019]
The Parks Trust Fund shall be funded, in part, by adding 0.50 mills to the real estate tax rate that must be approved and set by the Council of the City of Pittsburgh each fiscal year. The Parks Trust Fund may also receive monies and contributions from additional sources, including existing trust funds dedicated to park uses, other funds as determined by the Council of the City of Pittsburgh, private charitable donations, and matching funds from charitable city parks conservancies as further provided in Section 903, in addition to other public and private sources.
[Ref. of 11-5-2019]
The Mayor may be authorized by City Council to enter into an agreement with one or more charitable city parks conservancies ("Services Agreement(s)") to receive services and to secure matching funds for the Parks Trust Fund. Council may appropriate funds from the Parks Trust Fund for use in the Services Agreement(s). The Services Agreement(s) shall address public participation and disclosure of spending from the Parks Trust Fund in addition to specific terms and conditions for the governance and use of appropriated funds.
[Ref. of 11-5-2019]
The City Controller shall conduct a financial audit each year of the Parks Trust Fund in accordance with Article 4 of the Home Rule Charter of the City of Pittsburgh.