City of Somerville header
File #: 211270    Version: 1
Type: Mayor's Request Status: Approved
File created: 2/9/2021 In control: City Council
On agenda: 2/11/2021 Final action: 2/25/2021
Enactment date: 2/11/2021 Enactment #: 211270
Title: Requesting approval to appropriate $1,909,945 from the Unreserved Fund Balance ("Free Cash") to the Facility Construction and Renovation Stabilization Fund
Code sections: Stabilization Fund -

  Agenda Text

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Requesting approval to appropriate $1,909,945 from the Unreserved Fund Balance ("Free Cash") to the Facility Construction and Renovation Stabilization Fund

 

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Official Text

To the Honorable City Council:

 

I respectfully request that your Honorable City Council appropriate $1,909,945 from the Unreserved Fund Balance ("Free Cash") to the Facility Construction and Renovation Stabilization Fund for the purpose of bolstering reserves for the Somerville High School Construction Project.

 

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

 

Respectfully Submitted,

Joseph A. Curtatone,

Mayor