City of Somerville header
File #: 212059    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/8/2021 In control: City Council
On agenda: 6/10/2021 Final action: 6/24/2021
Enactment date: 6/10/2021 Enactment #: 212059
Title: Requesting an appropriation and authorization to borrow $8,002,417 in a bond for the Spring Hill Sewer Separation Project streetscape improvements.
Code sections: Bond/BAN -
Attachments: 1. Appropriation Order (Somerville) Spring Hill Sewer Improvements 06_072021

  Agenda Text

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Requesting an appropriation and authorization to borrow $8,002,417 in a bond for the Spring Hill Sewer Separation Project streetscape improvements.

 

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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 $8,002,417  in order to finance the cost of financing the Spring Hill Sewer Separation Streetscape Improvements. To meet said appropriation, the Treasurer will be authorized to borrow $8,002,417 as provided by MGL Chapter 44.

 

Debt service shall be funded by the General 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