City of Somerville, Massachusetts - File #: 213951

• File #: 213951
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/6/2022
• In control: City Council
• On agenda: 6/9/2022
• Final action: 6/23/2022
• Enactment date: 6/9/2022
• Enactment #: 213951
• Title: Requesting the rescission of $30,000,000 of authorized but un-issued Green Line Extension borrowings.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
6/30/2022	7	BOA	Mayoral Approval
6/23/2022	6	City Council	Approved
6/22/2022	5	Finance	Recommended to be discharged with no recommendation
6/9/2022	4	City Council	Referred for recommendation

  Agenda Text

title

Requesting the rescission of $30,000,000 of authorized but un-issued Green Line Extension borrowings.

body

Official Text

To the Honorable City Council:

I hereby request, pursuant to Massachusetts General Laws Chapter 44, that the remaining $30,000,000 of the $50,000,000 authorized to be borrowed to pay costs of the Green Line Extension (GLX) project be rescinded and of no further force or effect.

My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.

Respectfully,

Katjana Ballantyne, Mayor