Requesting authorization to borrow $2,000,000 in a bond, and to appropriate the same amount for the annual FY 2026 Sewer System Rehabilitation - McGrath Corridor.

To the Honorable City Council: The Mayor respectfully requests that this Council appropriate $2,000,000 in order to fund the cost of a sewer system rehabilitation related to the McGrath Boulevard corridor sewer improvements project. To meet this appropriation, the Treasurer will be authorized to borrow $2,000,000 as provided by MGL Chapter 44. Debt service will be paid from the Sewer Enterprise Fund. The capital investment will provide the professional and construction services to fix critical sewer system issues in the McGrath Boulevard corridor. The work will include, but is not limited to, spot repair excavations and replacements, CIPP lining of pipes, full manhole-to-manhole replacements of existing pipes, internal inspections, flow tests, asset management database updates, project prioritization, design, and other related efforts to facilitate capital improvements to the City's systems. Appropriate staff will be available to answer any questions about this bond you may have. Thank you for your consideration of this matter. Respectfully, Jake Wilson, Mayor