Agenda Text
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Requesting the appropriation of $375,000 to the Algonquin Gas Loop Project Stabilization Fund.
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Official Text
To the Honorable Board:
In addition to the $1,938,020.00 previously received in the above-referenced project, the City of Somerville has received a check in the amount of $375,000.00 from Spectra Energy - Algonquin Gas Transmission, LLC pursuant to a Third Amended Agreement on Permitting and Mitigation. These additional funds will be used for street improvements on Fellsway West and for any mitigation, impact or related fees or charges associated with J Lateral pipeline repairs.
Therefore, pursuant to Mass. General Laws, chapter 40, section 5B, I hereby request that you appropriate the check in the amount of three hundred seventy-five thousand dollars ($375,000.00) to the Algonquin Gas Loop Project Stabilization Fund (Fund 7800, Org. 780013).
Thank you for your consideration and attention to this matter.
Respectfully submitted,
Joseph A. Curtatone
Mayor