SomervilleMeetings

23-0533 Mayor's Request Approved

Requesting authorization to borrow $7,110,000 in a bond, and to appropriate the same amount for participation in the Massachusetts Water Resources Authority’s Local Water System Assistance Program for Water Main Rehabilitation projects.

From
Engineering
Introduced
Apr 5, 2023
Assigned to
City Council
Enactment #
215357
View on Legistar

History

  1. May 3, 2023
    City Council Mayoral Approval
  2. Apr 27, 2023
    City Council Approved · roll call: pass Meeting agenda, item 6.B.10.
  3. Apr 25, 2023
    Finance Recommended to be approved · roll call: pass Meeting agenda, item 11.
  4. Apr 13, 2023
    City Council Referred for recommendation Meeting agenda, item 7.6.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $7,110,000 in order to participate in the MWRA Local Water Service Assistance Program (LWSAP) to fund recurring Water Main Rehabilitation projects. The LWSAP program provides interest-free loans to perform water system improvements projects. 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. 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