A communication transmitted from Yi-An Huang, City Manager, relative to an order requesting the rescission of the remaining amount of the loan order authorized by the City Council on May 23,2016 for the construction of the King Open/Cambridge Street Schools & Community Complex

City of Cambridge Agenda Item Number 6 IN CITY COUNCIL June 26, 2023 City of Cambridge, Massachusetts CITY OF CAMBRIDGE, MASSACHUSETTS IN CITY COUNCIL ORDERED: That the City of Cambridge rescinds the following amounts that have been authorized to be borrowed, but which are no longer needed for the purposes for which they were initially approved: Unissued Amount Date of Loan Order Approval Original Purpose $2,600,000 May 23, 2016 Construction of the King Open/Cambridge Street Schools & Community Complex