Agenda Text
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Requesting an appropriation and authorization to borrow $7,112,000 in a bond, for financing the design and construction of the annual rehabilitation of water distribution systems.
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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 $7,112,000 in order to finance the cost of design and construction of the annual rehabilitation of water distribution systems, including but not limited to water mains, hydrants and shut-off valves, including all costs incidental or thereto related. To meet said appropriation, the Treasurer will be authorized to borrow $7,112,000 as provided by MGL Chapter 44.
Debt Service shall be paid 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,
Katjana Ballantyne, Mayor