A communication transmitted from Louis A. DePasquale, City Manager, relative to an order requesting the appropriation and authorization to borrow $5,000,000 to provide funds for the reconstruction of various City streets and sidewalks. PASSED TO A SECOND READING IN COUNCIL MAY 10, 2021 TO BE ADOPTED ON OR AFTER MAY 24, 2021

City of Cambridge Agenda Item Number 11 IN CITY COUNCIL May 10, 2021 ORDERED: ORDERED: That $5,000,000 is appropriated for the purpose of financing the repair and/or reconstruction of various City streets and sidewalks; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $5,000,000 under Chapter 44 of the General Laws or any other enabling authority; and be it further Any premium received by the City upon the sale of any bonds or notes approved by this vote, less any premium applied to the costs of preparing, issuing and marketing them, may be applied to the payment of project costs approved by this vote in accordance with M.G.L. c.44, §20, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount. In City Council June 7, 2021. Adopted by a yea and nay vote:- Yeas 9; Nays 0; Absent 0. Attest:- Anthony I. Wilson, City Clerk A true copy; ATTEST:- Anthony I. Wilson City Clerk