City of Somerville, Massachusetts - File #: 204439

• File #: 204439
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 10/4/2017
• In control: City Council
• On agenda: 10/12/2017
• Final action: 10/26/2017
• Enactment date: 10/12/2017
• Enactment #: 204439
• Title: Requesting the appropriation of $500,000 from the CPA Fund's Open Space Reserve and Undesignated Fund Balance Accounts for the acquisition of 5 Palmer Ave.
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
10/31/2017	8	BOA	Mayoral Approval
10/26/2017	7	City Council	Approved
10/25/2017	6	Finance	Kept in committee
10/12/2017	5	City Council	Referred for recommendation

  Agenda Text

title

Requesting the appropriation of $500,000 from the CPA Fund's Open Space Reserve and Undesignated Fund Balance Accounts for the acquisition of 5 Palmer Ave.

body

Official Text

To the Honorable Board:

Per the Community Preservation Committee’s recommendation, I respectfully request that your Honorable Board appropriate $500,000 from the Community Preservation Act Fund, $409,055 from the undesignated fund balance and $90,945 from the open space reserve, to the City of Somerville Economic Development Division for the acquisition of 5 Palmer Ave. to create additional recreational land. The appropriation will be allocated to the open space and recreational land CPA category. Details of this request are available in the attached funding recommendation from the CPC.

My staff will be available to address any questions you may have. Thank you for your consideration of this item.

Respectfully Submitted,

Joseph A. Curtatone, Mayor