City of Somerville header
File #: 24-0943    Version: 1
Type: Mayor's Request Status: Approved
File created: 6/17/2024 In control: City Council
On agenda: 6/20/2024 Final action: 6/25/2024
Enactment date: 6/20/2024 Enactment #: 217316
Title: Requesting the rescission of $2,478,271 of authorized but un-issued borrowings.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
Code sections: Bond/BAN -
Attachments: 1. Somerville Rescission Order as of 06_2024 2d

Agenda Summary

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Requesting the rescission of $2,478,271 of authorized but un-issued borrowings. 

 

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Official Text

To the Honorable City Council:

 

The Mayor hereby requests, pursuant to Massachusetts General Laws Chapter 44, that $2,478,271 of the $10,262,456 authorized to be borrowed to pay costs of the attached list of projects be rescinded and of no further force or effect.

 

Appropriate staff will be available to answer any questions about this borrowing rescission you may have. Thank you for your consideration of this matter.

 

Respectfully,

 Katjana Ballantyne, Mayor