SomervilleMeetings

24-1694 Mayor's Request Approved

Requesting authorization to borrow $4,757,000 in a bond, and to appropriate the same amount for the recurring FY 2025 Sewer Improvements program.

From
Engineering
Introduced
Dec 3, 2024
Assigned to
City Council
Enactment #
218237
View on Legistar

History

  1. Jan 28, 2025
    City Council Mayoral Approval
  2. Jan 23, 2025
    City Council Approved · roll call: pass Meeting agenda, item 6.A.6.
  3. Jan 21, 2025
    Finance Committee Recommended to be approved · roll call: pass Meeting agenda, item 15.
  4. Dec 12, 2024
    City Council Referred for recommendation Meeting agenda, item 7.2.

Official text

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $4,757,000 in order to conduct design, construction, and related sewer rehabilitation work as part of the recurring Sewer Improvements program. To meet this appropriation, the Treasurer will be authorized to borrow $4,757,000 as provided by MGL Chapter 44. Debt service will be paid from the Sewer 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