Agenda Text
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Authorization to borrow $300,000 and appropriate that amount in a bond for resignalization and an upgrade to the Powderhouse Square Rotary.
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Official Text
To The Honorable Board,
I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $300,000.00 for the City Treasurer, with the approval of the Mayor to borrow $300,000.00 To meet said appropriation. This appropriation allows for the resignalization and upgrading of signal equipment at the Powderhouse Square Rotary. Upgrading this intersection will improve traffic flow around the rotary and allow for ADA compliance.
To meet said appropriation, the Treasurer will be authorized to borrow $300,000.00 As provided by M.G.L. Chapter 44.
Thank you for your consideration of this matter.
Respectfully submitted,
Joseph A. Curtatone
Mayor