City of Somerville header
File #: 209715    Version: 1
Type: Communication Status: Placed on File
File created: 2/11/2020 In control: City Council
On agenda: 2/13/2020 Final action: 3/12/2020
Enactment date: 2/13/2020 Enactment #: 209715
Title: Director of SPCD responding to #207746 re: FRIT covenant payments.
Attachments: 1. Copy of Frit Covenant Payment Summary 2.11.20

  Agenda Text

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Director of SPCD responding to #207746 re: FRIT covenant payments.

 

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Official Text

To the Honorable City Council:

 

In response to #207746:

That the Director of Finance provide a financial update on all funds that FRIT paid to the City pursuant to the covenant, any funds expended by the City from those payments and the amount remaining and the accounts in which these funds remain.

 

Please find attached a summary table of FRIT covenant payments as of February 11, 2020.

 

Please contact me if I can be of further assistance.

 

George Proakis

Executive Director of OSPCD