City of Somerville header
File #: 211842    Version: 1
Type: Mayor's Request Status: Approved
File created: 4/15/2021 In control: City Council
On agenda: 5/13/2021 Final action: 5/27/2021
Enactment date: 5/13/2021 Enactment #: 211842
Title: Requesting an appropriation and authorization to borrow $2,520,000 in a bond for building improvements.
Code sections: Bond/BAN -
Attachments: 1. Capital Program Request Sheet_FY21 Building Improvements (003), 2. Appropriation Order (Somerville) Municipal Building Repairs 5_2021

  Agenda Text

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Requesting an appropriation and authorization to borrow $2,520,000 in a bond for building improvements.

 

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Official Text

To the Honorable City Council:

 

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $2,520,000 in order to make building improvements. To meet said appropriation, the Treasurer will be authorized to borrow $2,520,000 as provided by MGL Chapter 44.

 

The appropriation is part of the Capital Investment Plan for FY2021.

 

My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

 

Respectfully,

Joseph A. Curtatone, Mayor