City of Somerville header
File #: 212668    Version: 1
Type: Mayor's Request Status: Expired
File created: 11/4/2021 In control: City Council
On agenda: 11/23/2021 Final action: 11/23/2021
Enactment date: 11/23/2021 Enactment #: 212668
Title: Requesting approval to create the Assembly Square Off-Site Infrastructure Stabilization Fund and accept a payment to said Fund of $687,260 from the Alta Xmbly Development project, for off site infrastructure to support and enhance the surrounding neighborhoods.
Code sections: Stabilization Fund -

  Agenda Text

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Requesting approval to create the Assembly Square Off-Site Infrastructure Stabilization Fund and accept a payment to said Fund of $687,260 from the Alta Xmbly Development project, for off site infrastructure to support and enhance the surrounding neighborhoods.

 

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Official Text

To the Honorable City Council:

 

I respectfully request that your Honorable City Council vote to create the Assembly Square Off-Site Infrastructure fund  and accept $687,260 from the Alta Xmbly development project for the Fund, under the provisions of MGL 40, Section 5B. This Fund will be used to support and enhance infrastructure improvements in the areas and neighborhoods in the project vicinity.

 

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

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor