Agenda Summary
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Requesting approval to appropriate $2,715,270 from the Street Reconstruction & Resurfacing Stabilization Fund to various capital project funds to reduce debt service costs for these projects.
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Official Text
To the Honorable City Council:
The Mayor respectfully requests that this Council appropriate $2,715,270 from the Street Reconstruction and Resurfacing Stabilization Fund to the following capital projects funds:
Fund 5146 Somerville Ave. Streetscape $1,429,235
Fund 5150 Paving & Sidewalk Improvements $ 61,000
Fund 5177 FY23 Street Resurfacing, Sidewalk, ADA Ramps $1,225,035
This appropriation will reduce debt service costs in the FY2026 Budget and positively affect debt service in subsequent years.
Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Katjana Ballantyne, Mayor