City of Somerville, Massachusetts - File #: 208855

• File #: 208855
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 9/9/2019
• In control: City Council
• On agenda: 9/12/2019
• Final action: 9/26/2019
• Enactment date: 9/12/2019
• Enactment #: 208855
• Title: Requesting an appropriation and authorization to borrow $900,000 for participation in the MWRA Lead LIne Replacement Program.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
10/1/2019	6	BOA	Mayoral Approval
9/26/2019	5	City Council	Approved
9/24/2019	4	Finance	Approved
9/12/2019	3	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $900,000 for participation in the MWRA Lead LIne Replacement Program.

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 $900,000 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 $900,000 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 FY19-FY28 Water and Sewer Capital Investment Plan and is considered a recurring item.  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