SomervilleMeetings

22-1557 Mayor's Request Approved

Requesting approval to create the BikeShare Stabilization Fund and accept a payment to the Fund of $75,000 from developer contributions to sponsor new Bike Share Stations.

From
Mobility
Introduced
Sep 15, 2022
Assigned to
City Council
Enactment #
214469
View on Legistar

History

  1. Oct 27, 2022
    City Council Mayoral Approval
  2. Oct 25, 2022
    City Council Approved · roll call: pass Meeting agenda, item 6.A.4.
  3. Oct 20, 2022
    Finance Recommended to be approved · roll call: fail Meeting agenda, item 9.
  4. Oct 13, 2022
    City Council Referred for recommendation · roll call: pass

    Finance Committee

    Meeting agenda, item 7.10.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council approve the creation of the BikeShare Stabilization Fund and accept $75,000 from private developer contributions for the Fund, under the provisions of MGL 40, Section 5B. This Fund will be used for establishing new bikeshare stations. The funding sources will be developer contributions, mitigation payments, and donations. Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter. Respectfully Submitted, Katjana Ballantyne, Mayor