City of Somerville, Massachusetts - File #: 212266

• File #: 212266
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 8/18/2021
• In control: City Council
• On agenda: 8/26/2021
• Final action: 9/23/2021
• Enactment date: 8/26/2021
• Enactment #: 212266
• Title: Requesting an appropriation and authorization to borrow $1,509,600 in a bond for the acquisition of 9-11 Allen St.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
10/4/2021	8	BOA	Mayoral Approval
9/23/2021	7	City Council	Approved
9/21/2021	6	Finance	Approved
8/26/2021	5	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $1,509,600 in a bond for the acquisition of 9-11 Allen St.

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 $1,509,600 in order to fund the acquisition of 9-11 Allen St. To meet said appropriation, the Treasurer will be authorized to borrow $1,509,600 as provided by MGL Chapter 44.

The properties are located within the Union Square District Improvement Financing District.

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