August 16, 2016 Meeting

On August 16, 2016 the ICA Board held a Special Public Meeting at which two items were considered and approved by the Board, a lawsuit settlement agreement with the City of Pittsburgh and adoption of a Records Retention Policy for the Authority that is now required by Act 99-2016. According to the terms of the approved settlement agreement, the ICA shall distribute $18,191,312.15 of gaming funds under its control to the City in two payments. The settlement agreement also requires the City and its counsel to take whatever actions are necessary to ensure that the pending litigation regarding this matter is dismissed in its entirety.

Links to media coverage of this meeting is included below:

http://triblive.com/news/adminpage/10971638-74/authority-board-pittsburgh
http://www.post-gazette.com/local/city/2016/08/17/Financial-overseer-Pittsburgh-settle-18-2M-worth-of-old-differences/stories/201608170123

http://wesa.fm/post/pittsburgh-get-18-million-ends-battle-ica