City of Somerville, Massachusetts - File #: 212058

• File #: 212058
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/8/2021
• In control: City Council
• On agenda: 6/10/2021
• Final action: 6/24/2021
• Enactment date: 6/10/2021
• Enactment #: 212058
• Title: Requesting an appropriation and authorization to borrow $9,415,818 in a bond for the Spring Hill Sewer Separation Project water improvements.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
6/29/2021	6	BOA	Mayoral Approval
6/24/2021	5	City Council	Approved
6/22/2021	4	Finance	Approved
6/10/2021	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $9,415,818 in a bond for the Spring Hill Sewer Separation Project water improvements.

body

Official Text

To the Honorable City Council:

I hereby request, subject to the approval of your Honorable City Council, an appropriation in the amount of $9,415,818 in order to finance the cost of water improvements within the Spring Hill Sewer Separation Project Area. To meet said appropriation, the Treasurer will be authorized to borrow $9,415,818 as provided by MGL Chapter 44.

This debt service for this project will be financed by the Water Enterprise Fund.

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