City of Somerville header
File #: 212548    Version: 1
Type: Mayor's Request Status: Placed on File
File created: 10/14/2021 In control: City Council
On agenda: 10/14/2021 Final action: 12/9/2021
Enactment date: 10/14/2021 Enactment #: 212548
Title: Requesting an amendment to the Somerville High School Construction appropriation to a new amount of $278,790,633 and increasing the amount of bonds, fund transfers, and other available funds of the city authorized to meet said appropriation.
Code sections: Bond/BAN -
Attachments: 1. Appropriation Order (Amending) High School 10_2021 revised

  Agenda Text

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Requesting an amendment to the Somerville High School Construction appropriation to a new amount of $278,790,633 and increasing the amount of bonds, fund transfers, and other available funds of the city authorized to meet said appropriation.

 

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Official Text

To the Honorable City Council:

 

I hereby request, subject to the approval of your Honorable City Council, an amendment to the order of appropriation and authorization to borrow $255,982,704 for the Somerville High School Construction Project approved by the Board of Aldermen on March 23, 2017 to a new amount of $278,790,633 and so authorizing an increase in the amount of bonds, fund transfers, and/or other available funds to meet said new appropriation

 

The legal appropriation request drafted by bond counsel is attached to this communication.

 

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

 

Respectfully,

Joseph A. Curtatone, Mayor