City of Somerville header
File #: 210265    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/7/2020 In control: City Council
On agenda: 6/11/2020 Final action: 6/25/2020
Enactment date: 6/11/2020 Enactment #: 210265
Title: Requesting a transfer of $500,000 from the Engineering Capital Outlay Street Repairs Account to the Street Reconstruction and Resurfacing Stabilization Fund to preserve funds for needed street repairs.
Code sections: Transfer of Funds -

  Agenda Text

title

Requesting a transfer of $500,000 from the Engineering Capital Outlay Street Repairs Account to the Street Reconstruction and Resurfacing Stabilization Fund to preserve funds for needed street repairs.

 

body

Official Text

To the Honorable City Council:

 

As part of the FY2020 Budget,  I requested and your Honorable Council approved a supplemental appropriation in the amount of $500,000 to increase the size of the FY2020 Street Paving Contract.

Due to the COVID 19 crisis, bidding on this project has been delayed and has now been rescheduled to the winter months for a construction start in the Spring of CY21.

 

The FY2020 is about to expire and the $500,000 supplemental appropriation will devolve back to Unreserved Fund Balance. The purpose of the transfer is to reserve the funds in the Street Reconstruction and Resurfacing Stabilization Fund for later reappropriation back to the project later in the year.

 

I respectfully request a transfer of $500,000 from the Engineering, Capital Outlay, Street Repairs Account to the Street Reconstruction and Resurfacing Stabilization Fund.

 

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

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor