SomervilleMeetings

25-1679 Mayor's Request Approved

Requesting the appropriation of $403,980 from the Unreserved Fund Balance ("Free Cash") to the Debt Service, Interest on Notes/BANS Account for payment of interest for the 90 Washington Street property acquisition.

Introduced
Nov 8, 2025
Assigned to
City Council
Enactment #
219771
View on Legistar

History

  1. Dec 2, 2025
    City Council Mayoral Approval
  2. Nov 25, 2025
    City Council Approved · roll call: pass Meeting agenda, item 6.A.14.
  3. Nov 19, 2025
    Finance Committee Recommended to be approved · roll call: pass Meeting agenda, item 4.
  4. Nov 13, 2025
    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 $403,980 from the Unreserved Fund Balance ("Free Cash") to the Debt Service, Interest on Notes/BANS account (0170059-592500) to pay interest on the short-term Bond Anticipation Note for the acquisition of the 90 Washington Street property. Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item. Respectfully Submitted, Katjana Ballantyne, Mayor