City of Somerville, Massachusetts - File #: 207337

• File #: 207337
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 1/9/2019
• In control: City Council
• On agenda: 1/10/2019
• Final action: 1/24/2019
• Enactment date: 1/10/2019
• Enactment #: 207337
• Title: Requesting an appropriation and authorization to borrow $1,600,000 for the renovation and construction of the West Branch Library.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
1/29/2019	6	BOA	Mayoral Approval
1/24/2019	5	City Council	Approved
1/22/2019	4	Finance	Kept in committee
1/10/2019	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $1,600,000 for the renovation and construction of the West Branch Library.

body

Official Text

To the Honorable Board:

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $1,600,000 in order to complete the renovation of the existing Historic West Branch Library, including an addition thereto and authorizing the issuance of not exceeding $1,600,000 bonds of the City to meet said appropriation. To meet said appropriation, the Treasurer will be authorized to borrow $1,600,000 as provided by MGL Chapter 44.

Due to construction cost inflation, the construction base bid for the project came in higher than was originally budgets. The total construction cost for the West Branch Library is now $11,500,000.

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