Agenda Text
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Requesting a supplemental appropriation of $1,500,000 to establish a Street Reconstruction and Resurfacing Stabilization Fund.
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Official Text
To the Honorable Board:
I hereby request, subject to the approval of your Honorable Board, a supplemental appropriation of one million, five hundred thousand dollars ($1,500,000) to establish a Street Reconstruction and Resurfacing Stabilization Fund under the provisions of Chapter 40, Section 5B of the Massachusetts General Laws.
The purpose of the Street Reconstruction and Resurfacing Stabilization Fund is to fund costs attributable to:
* The reconstruction or resurfacing of public ways including the cost of pavement and sidewalks laid at the time of said reconstruction
* Preventative maintenance programs designed to extend the life of public ways
In addition to direct expenses, debt Service incurred in furtherance of the purposes of the Street Reconstruction and Resurfacing Stabilization Fund may also be appropriated.
Thank you for your consideration.
Respectfully submitted,
Joseph A. Curtatone
Mayor