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Meeting Name: Finance Committee Agenda status: Final
Meeting date/time: 11/10/2025 6:00 PM Minutes status: Final  
Meeting location: Virtual
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Finance - 2025-11-10 Community Benefits Summary (with 25-1560)
File #Ver.Agenda #TypeTitleActionResultAction DetailsVideo
25-1612 11.Committee MinutesApproval of the Minutes of the Finance Committee Meeting of October 21, 2025.AcceptedPass Action details Not available
25-1451 12.Officer's CommunicationDirector of Infrastructure and Asset Management conveying the draft Combined Sewer Overflow Plan.Kept in committeePass Action details Not available
25-1585 13.Mayor's RequestRequesting approval to pay prior year invoices totaling $23,109.33 using available funds in various Department of Public Works Accounts for various services.Recommended to be approvedPass Action details Not available
25-1584 14.Mayor's RequestRequesting approval to accept and expend a $3,000 grant with no new match required, from Somerville Cambridge Elder Services to the Council on Aging for senior transportation.Recommended to be approvedPass Action details Not available
25-1600 15.Mayor's RequestRequesting approval to accept and expend a $1,110,000 grant with no new match required, from the Massachusetts Gaming Commission to the Office of Strategic Planning and Community Development and Police Department for the development of the Union Square Plaza and Streetscape Phase 1.Recommended to be approvedPass Action details Not available
25-1560 16.Mayor's RequestRequesting approval to create the Community Benefits Stabilization fund and accept a payment to the fund of $3,946,742.98 from the community benefit contributions outlined in project development covenants.Recommended to be discharged with no recommendation  Action details Not available
25-1599 17.Mayor's RequestRequesting approval to create a Housing Assistance Stabilization fund under the provisions of Massachusetts General Law Chapter 40, Section 5B.Recommended to be approvedPass Action details Not available