City of Somerville header
File #: 200539    Version: 1
Type: Mayor's Request Status: Approved
File created: 1/11/2016 In control: City Council
On agenda: 1/14/2016 Final action: 3/2/2016
Enactment date: 1/14/2016 Enactment #: 200539
Title: Requesting authorization to borrow $9,425,000 in a bond, and appropriate the same amount for the renovation of Lincoln Park.
Code sections: Bond/BAN -
Attachments: 1. 56895163_1-Appropriation Order (Somerville) Lincoln Park 1_2016, 2. Lincoln Park Estimated Costs, 3. Lincoln Park Estimated Costs-PDF

  Agenda Text

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Requesting authorization to borrow $9,425,000 in a bond, and appropriate the same amount for the renovation of Lincoln Park.

 

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Official Text

To the Honorable Board of Aldermen:

 

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $9,425,000.00 for the renovation of Lincoln Park, and authorization for the City Treasurer, with the approval of the Mayor to borrow $9,425,000.00 to meet said appropriation.

 

This appropriation will be used to improve safety, sustainability, and accessibility of the 6.6 acre park and Argenziano schoolyard.

 

Thank you for your consideration of this matter.

 

Respectfully submitted,

 

Joseph A. Curtatone

Mayor