City of Somerville header
File #: 210698    Version: 1
Type: Mayor's Request Status: Approved
File created: 10/1/2020 In control: City Council
On agenda: 10/8/2020 Final action: 10/22/2020
Enactment date: 10/8/2020 Enactment #: 210698
Title: Requesting an appropriation and authorization to borrow $1,440,000 in a bond for the renovation and construction of the West Branch Library.
Code sections: Bond/BAN -
Attachments: 1. CIP Request Update_West Branch Library_10-1-20, 2. Appropriation Order (Somerville) - Additional West Branch Library 10_2020-c

  Agenda Text

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Requesting an appropriation and authorization to borrow $1,440,000 in a bond for the renovation and construction of the West Branch Library.

 

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Official Text

To the Honorable City Council:

 

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $1,440,000 in order to complete the renovation of the existing Historic West Branch Library, including an addition thereto and authorizing the issuance of not exceeding $1,440,000 bonds of the City to meet said appropriation. To meet said appropriation, the Treasurer will be authorized to borrow $1,440,000 as provided by MGL Chapter 44.

 

Due to construction delays and encountered unforeseen conditions, the total construction cost for the West Branch Library is now $12,900,000.

 

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