City of Somerville header
File #: 25-1557    Version: 1
Type: Mayor's Request Status: Agenda Ready
File created: 10/6/2025 In control: City Council
On agenda: 10/9/2025 Final action:
Enactment date: Enactment #:
Title: Requesting approval create the BrickBottom Infrastructure Stabilization fund and accept a payment to the fund of $763,814.81, from off-site infrastructure and other contributions outlined in the BrickBottom district project development covenants, for the purpose of funding public infrastructure projects that mitigate the impact of large-scale development in the BrickBottom district.
Code sections: Stabilization Fund -
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Agenda Summary

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Requesting approval create the BrickBottom Infrastructure Stabilization fund and accept a payment to the fund of $763,814.81, from off-site infrastructure and other contributions outlined in the BrickBottom district project development covenants, for the purpose of funding public infrastructure projects that mitigate the impact of large-scale development in the BrickBottom district. 

 

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Official Text

To the Honorable City Council:

 

Requesting approval create the Brickbottom Infrastructure Stabilization fund and accept a payment to the fund of $763,814.81 generated from off-site infrastructure and other contributions outlined in the BrickBottom district project development covenants. The purpose of this stabilization fund is to fund public infrastructure projects that mitigate the impact of large-scale development in the BrickBottom district 

 

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

 

Respectfully Submitted,

Katjana Ballantyne, Mayor