SomervilleMeetings

22-1440 Mayor's Request Approved

Requesting authorization to borrow $662,088 in a bond, and authorization to appropriate the same amount for the Sewer portion of the Clarendon Hills Infrastructure Improvements Project.

From
Engineering
Introduced
Aug 17, 2022
Assigned to
City Council
Enactment #
214334
View on Legistar

History

  1. Sep 29, 2022
    City Council Mayoral Approval
  2. Sep 22, 2022
    City Council Approved · roll call: pass Meeting agenda, item 6.C.3.
  3. Sep 20, 2022
    Finance Recommended to be approved · roll call: pass Meeting agenda, item 3.
  4. Sep 6, 2022
    Finance Kept in committee Meeting agenda, item 2.
  5. Aug 25, 2022
    City Council Referred for recommendation · roll call: pass

    Finance Committee

    Meeting agenda, item 7.4.

Official text

To the Honorable City Council: I respectfully request, subject to the approval of your Honorable City Council, an appropriation in the amount of $662,088 in order to fund the Sewer portion of the Clarendon Hill Infrastructure Improvements Project. To meet said appropriation, the Treasurer will be authorized to borrow $662,088 as provided by MGL Chapter 44. Debt Service shall be paid from the Sewer Enterprise Fund. Borrowing for this project is subject to the provisions of the Clarendon Hill Project District Improvement Financing Program. Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter. Respectfully, Katjana Ballantyne Mayor