City of Somerville header
File #: 212516    Version: 1
Type: Mayor's Request Status: Approved
File created: 9/17/2021 In control: City Council
On agenda: 10/14/2021 Final action: 10/28/2021
Enactment date: 10/14/2021 Enactment #: 212516
Title: Requesting an appropriation and authorization to borrow $3,604,801 in a bond for street resurfacing, sidewalk improvements and ADA ramps and improvements.
Code sections: Bond/BAN -
Attachments: 1. Copy of Street Sidewalk Repairs_Capital Program Request Sheet_FY22 CIP (003), 2. Appropriation Order (Somerville) Streets and Sidewalks 10_2021, 3. Debt Service FY2022 Street & Sidewalk Repairs & ADA Improvements

  Agenda Text

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Requesting an appropriation and authorization to borrow $3,604,801 in a bond for street resurfacing, sidewalk improvements and ADA ramps and improvements.

 

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Official Text

To the Honorable City Council:

 

I hereby request, subject to the approval of your Honorable Board, an appropriation in the amount of $3,604,801 and authorization to borrow $3,604,801 in order to improve streets, sidewalks, and ADA ramps as the FY22 Street & Sidewalk Repairs & ADA Improvements line included on the FY22 CIP. To meet said appropriation, the Treasurer will be authorized to borrow $3,604,801 as provided by MGL Chapter 44.

 

This request will be supplemented with an appropriation of $500,000 from the Street Reconstruction Stabilization Fund and an expected Chapter 90 allocation from the State of $1,235,199.

 

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