SomervilleMeetings

22-1663 Mayor's Request Approved

Requesting authorization to borrow $7,110,000 in a bond, and to appropriate the same amount for the recurring FY23 Water Main Rehabilitation program.

From
Engineering
Introduced
Oct 6, 2022
Assigned to
City Council
Enactment #
214475
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.10.
  3. Oct 20, 2022
    Finance Recommended to be approved · roll call: fail Meeting agenda, item 19.
  4. Oct 13, 2022
    City Council Referred for recommendation · roll call: pass

    Finance Committee

    Meeting agenda, item 7.8.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $7,110,000 in order to conduct design, construction, and related water main distribution work as part of the recurring Water Main Rehabilitation program. To meet this appropriation, the Treasurer will be authorized to borrow $7,110,000 as provided by MGL Chapter 44. Debt service will be paid from the Water Enterprise fund. Appropriate staff will be available to answer any questions about this bond you may have. Thank you for your consideration of this matter. Respectfully, Katjana Ballantyne, Mayor