City of Somerville, Massachusetts - File #: 207523

• File #: 207523
• Version: 1
• Type: Mayor's Request
• Status: Placed on File
• File created: 12/31/2018
• In control: City Council
• On agenda: 2/14/2019
• Final action: 5/9/2019
• Enactment date: 2/14/2019
• Enactment #: 207523
• Title: Requesting an appropriation and authorization to borrow $457,325 in a bond for the creation of recreational land through the ArtFarm project, with debt payments to be funded through CPA revenue.
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
5/9/2019	7	City Council	Placed on file
5/7/2019	6	Finance	Placed on file
2/14/2019	5	City Council	Referred for recommendation

  Agenda Text

title

Requesting an appropriation and authorization to borrow $457,325 in a bond for the creation of recreational land through the ArtFarm project, with debt payments to be funded through CPA revenue.

body

Official Text

To the Honorable City Council:

Per the Community Preservation Committee's recommendation on December 11, 2019, I respectfully request that your Honorable Council appropriate $457,325 for the creation of recreational land through the City of Somerville's ArtFarm project, and authorize the City Treasurer, with the approval of the Mayor, to borrow $457,325 to meet said appropriation with debt payments to be funded through CPA revenue. Details of this request are available in the attached funding recommendation from the CPC.

Thank you for your consideration of this matter.

Respectfully submitted,

Joseph A. Curtatone

Mayor