City of Somerville header
File #: 210645    Version: 1
Type: Mayor's Request Status: Approved
File created: 9/3/2020 In control: City Council
On agenda: 9/24/2020 Final action: 10/22/2020
Enactment date: 9/24/2020 Enactment #: 210645
Title: Requesting an appropriation and authorization to borrow $6,086,250 in a bond for the remediation and renovation of Conway Park.
Code sections: Bond/BAN -
Attachments: 1. Conway CIP Cost and Cash Flow Projection, 2. Appropriation Order (Somerville) Conway Park 09-04-2020, 3. Conway memo 9.23.20 re remediation and construction bond request, 4. 2020-9-21 Legal Memorandum To City Council from Outside Counsel - Public[12380808v1]

  Agenda Text

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Requesting an appropriation and authorization to borrow $6,086,250 in a bond for the remediation and renovation of Conway Park.

 

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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 $6,086,250 in order to remediate and renovate Conway park. To meet said appropriation, the Treasurer will be authorized to borrow $6,086,250 as provided by MGL Chapter 44.

 

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