City of Somerville header
File #: 24-1334    Version: 1
Type: Mayor's Request Status: Referred for Recommendation
File created: 9/17/2024 In control: Finance Committee
On agenda: 10/10/2024 Final action:
Enactment date: Enactment #:
Title: Requesting approval to create the Prospect Street Traffic Conditions Stabilization Fund and accept a payment to the fund of $262,000 from the Union Square RELP Master Developer LLC to satisfy special permit conditions.
Code sections: Stabilization Fund -
Attachments: 1. Prospect Street 10 (D2.1 DSPR), 2. Prospect Street 20 (D2.2 DSPR), 3. Prospect Street 50 (D2.3 DSPR)

Agenda Summary

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Requesting approval to create the Prospect Street Traffic Conditions Stabilization Fund and accept a payment to the fund of $262,000 from the Union Square RELP Master Developer LLC to satisfy special permit conditions.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council approve the creation of the Prospect St.Traffic Conditions Stabilization Fund and accept $262,000 for the Fund, under the provisions of MGL 40, Section 5B. This Fund will be used to satisfy the traffic conditions of special permit # PB-2019-04.

 

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