Agenda Text
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Requesting an appropriation of $207,500 from Unreserved Fund Balance ("Free Cash") to fund a court settlement re: 46 Pearl St.
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Official Text
To the Honorable Board:
I respectfully request your approval to appropriate $207,500.00 from Unreserved Fund Balance, ("Free Cash") to the Damages to Persons and Property, Settlements Account (Org. 0115152, Account 576000) for the purpose of settling a lawsuit brought by Mahoney Construction Company, Inc., entitled Mahoney Construction Company, Inc. vs. City of Somerville, Middlesex Superior Court Civil Action No. 13-2216. The lawsuit is to contest the adequacy of the City's pro tanto award in connection with a June 15, 2010 Order of Taking as to land located at 46 Pearl Street and 0 Florence Street in Somerville, Mass.
Respectfully,
Joseph A. Curtatone
Mayor