City of Somerville, Massachusetts - File #: 202245

• File #: 202245
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 10/12/2016
• In control: City Council
• On agenda: 10/13/2016
• Final action: 11/22/2016
• Enactment date: 10/13/2016
• Enactment #: 202245
• Title: Requesting an appropriation and authorization to borrow $2,500,000 in a bond for Sewer Main Rehabilitation and Replacement.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
11/29/2016	7	BOA	Mayoral Approval
11/22/2016	6	City Council	Approved
11/21/2016	5	Finance	Approved
10/13/2016	4	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $2,500,000 in a bond for Sewer Main Rehabilitation and Replacement.

body

Official Text

To the Honorable Board:

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $2,500,000 in order to fund the costs of sewer main rehabilitation and replacement. To meet said appropriation, the Treasurer will be authorized to borrow $2,500,000 as provided by MGL Chapter 44.

Debt service will be paid from the Sewer Enterprise Fund and the Water/Sewer Stabilization Fund.

The Water Superintendent will provide detail on this request and will be available to answer any questions you may have. Thank you for your consideration of this matter.

Respectfully,

Joseph A. Curtatone, Mayor