Requesting approval to appropriate $2,715,270 from the Street Reconstruction & Resurfacing Stabilization Fund to various capital project funds to reduce debt service costs for these projects.

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $2,715,270 from the Street Reconstruction and Resurfacing Stabilization Fund to the following capital projects funds: Fund 5146 Somerville Ave. Streetscape $1,429,235 Fund 5150 Paving & Sidewalk Improvements $ 61,000 Fund 5177 FY23 Street Resurfacing, Sidewalk, ADA Ramps $1,225,035 This appropriation will reduce debt service costs in the FY2026 Budget and positively affect debt service in subsequent years. 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