City of Somerville header
File #: 211082    Version: 1
Type: Mayor's Request Status: Approved
File created: 12/15/2020 In control: City Council
On agenda: 12/17/2020 Final action: 12/17/2020
Enactment date: 12/17/2020 Enactment #: 211082
Title: Requesting the repurpose and transfer of $150,306 from the Water Transportation Public Safety Stabilization Fund to the COVID-19 Small Business Emergency Relief Fund.
Code sections: Stabilization Fund -

  Agenda Text

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Requesting the repurpose and transfer of $150,306 from the Water Transportation Public Safety Stabilization Fund to the COVID-19 Small Business Emergency Relief Fund.

 

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Official Text

To the Honorable City Council:

 

I respectfully request that you repurpose and transfer $150,306 from the Water Transportation Public Safety Stabilization Fund to the COVID-19 Small Business Emergency Relief Fund.  The Water Transportation Public Safety Stabilization Fund was created in response to the Wynn Casino Surrounding Community Agreement. An annual payment of $150,000.flows to this stabilization fund for water transportation improvements to the Casino project.

 

This action transfers the balance of $150,306 and repurposes it for emergency small business relief. .

 

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

 

Respectfully Submitted,

Joseph A. Curtatone, Mayor