SomervilleMeetings

23-1239 Mayor's Request Approved

Requesting authorization to borrow $4,269,990 in a bond, and to appropriate the same amount for the recurring FY 2024 Sewer Improvements program.

From
Engineering
Introduced
Aug 16, 2023
Assigned to
City Council
Enactment #
215977
View on Legistar

History

  1. Sep 25, 2023
    City Council Mayoral Approval
  2. Sep 14, 2023
    City Council Approved · roll call: pass Meeting agenda, item 6.B.14.
  3. Sep 12, 2023
    Finance Recommended to be approved · roll call: pass Meeting agenda, item 12.
  4. Aug 24, 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 $4,269,990 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 $4,269,990 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