Agenda Text
title
Requesting the acceptance of and appropriation of an additional deposit of $138,000 from US2 into the Union Square Stabilization and Revitalization Account.
body
Official Text
To the Honorable Board:
I respectfully request your acceptance of and appropriation of an additional deposit from US2 in the amount of $138,000 into the Union Square Stabilization and Revitalization fund. Under the terms of the Master Developer Designation Agreement between US2 and the Somerville Redevelopment Authority, these funds are to be used for the costs of legal services and planning and consulting services in connection with the redevelopment of Union Square pursuant to the Union Square Revitalization Plan.
In accordance with M.G.L., Chapter 44, Section 53A, which requires a vote of the Board of Alderman for the expenditure of grants, or gifts from the federal government and from charitable foundation, private corporation, or an individual, or from the Commonwealth, a County or Municipality or agency thereof, I request that you accept this grant for final approval.
Thank you for your consideration in this matter.
Respectfully Submitted,
Joseph A. Curtatone
Mayor