Legislation Details

File #: 26-0515    Version: 1
Type: Mayor's Request Status: Approved
File created: 3/30/2026 In control: City Council
On agenda: 4/9/2026 Final action: 4/30/2026
Enactment date: 4/23/2026 Enactment #: 220554
Title: Requesting authorization to borrow $8,284,000 in a bond, and to appropriate the same amount for the recurring FY 2026 Water Main Rehabilitation program.
Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Infrastructure-Engineering
Code sections: Bond/BAN -
Attachments: 1. $8284000 Design and Construction water distrib $2000000 Sewer, 2. Water FY26 Recurring_Capital Program Request Sheet_FY26 CIP

Agenda Summary

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Requesting authorization to borrow $8,284,000 in a bond, and to appropriate the same amount for the recurring FY 2026 Water Main Rehabilitation program.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $8,284,000 in order to conduct design, construction, and related water main distribution work as part of the recurring Water Main Rehabilitation program. To meet this appropriation, the Treasurer will be authorized to borrow $8,284,000 as provided by MGL Chapter 44. Debt service will be paid from the Water Enterprise fund.

 

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

 

Respectfully,

Jake Wilson, Mayor