City of Somerville header
File #: 212361    Version: 1
Type: Mayor's Request Status: Approved
File created: 9/1/2021 In control: City Council
On agenda: 9/9/2021 Final action: 9/23/2021
Enactment date: 9/9/2021 Enactment #: 212361
Title: Requesting an appropriation and authorization to borrow $1,910,000 in a bond for participation in the MWRA Lead Line Replacement Program.
Code sections: Bond/BAN -
Attachments: 1. Lead Line Service Replacement_Capital Program Request Sheet_FY22 CIP, 2. Appropriation Order MWRA (Lead Program) (Enterprise Fund) 09-2021, 3. Lead Line Replacement Debt Service

  Agenda Text

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Requesting an appropriation and authorization to borrow $1,910,000 in a bond for participation in the MWRA Lead Line Replacement Program.

 

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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 $1,910,000 in order to replace Lead Service Lines as part of the MWRA Lead Line Replacement Program.  To meet said appropriation, the Treasurer will be authorized to borrow $1,910,000 as provided by MGL Chapter 44.

 

The MWRA Lead Line Replacement Program provides 10-year, zero-interest construction loans to communities solely for efforts to fully replace lead service lines. Upon your approval, the City will submit an application to the MWRA based upon their Program Guidelines.

 

This request is part of the FY21-FY31 Water and Sewer Capital Investment Plan and is considered a recurring item. This request incorporates both the FY21 and FY22 requests of $1,060,000 and $850,000, respectively. Principal Payback to the MWRA will be funded from the Water Enterprise Fund. 

 

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