City of Somerville header
File #: 24-0335    Version: 1
Type: Mayor's Request Status: Approved
File created: 3/11/2024 In control: City Council
On agenda: 3/14/2024 Final action: 4/22/2024
Enactment date: 4/11/2024 Enactment #: 216918
Title: Requesting approval to appropriate $2,300,000 from the Open Space and Acquisition Stabilization Fund to purchase the parcel at 508-512 Columbia Street.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, SPCD Administration, SPCD-Economic Development
Code sections: Stabilization Fund -
Attachments: 1. CBRE_508_512 Columbia Street Somerville Appraisal 07.12.2023 FINAL, 2. Reynolds _ 508 512 Columbia Appraisal - FINAL

Agenda Summary

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Requesting approval to appropriate $2,300,000 from the Open Space and Acquisition Stabilization Fund to purchase the parcel at 508-512 Columbia Street.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $2,300,000.00 from the Open Space and Acquisition stabilization fund (Org: 7113) for the purchase of the parcel at 508-512 Columbia St. in the Boynton Yards development district.

 

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor