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CMA 2016 #87 · Agenda item attachment · Apr 25 2016
A communication transmitted from Richard C. Rossi, City Manager, relative to an order requesting the appropriation and authorization to borrow $17,350,000 to provide funds for various water pollution abatement projects, including construction of sewer separation, storm water management and combined sewer overflow reduction elimination improvements within the City’s Alewife Watershed, Cambridgeport Neighborhood, and areas in Harvard Square as well as the Sewer Capital Repairs Program
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CCM-101
Oity of Cambridge
0-5
IN CITY COUNCIL
April 25, 2016
ORDERED:
that $17,350,000 is appropriated, in addition to any amounts previously appropriated, for
the purpose of financing the design and construction of various water pollution abatement
projects, including but not limited to:
Construction of sewer separation, storm water management and combined sewer
overflow reduction elimination improvements within the Alewife Watershed,
Cambridgeport Neighborhood, and areas in Harvard Square as well as the Sewer Capital
• Repairs Program.
including without limitation all costs thereof as defined in Section 1 of Chapter 29C of
the General Laws; that to meet this appropriation the Treasurer with the approval of the
City Manager is authorized to borrow $17,350,000 and issue bonds or notes therefore
under G.L. c.44 and/or Chapter 29C of the General Laws or any other enabling authority;
that such bonds or notes shall be general obligations of the City unless the Treasurer with
the approval of the City Manager determines that they should be issued as limited
obligations and may be secured by local system revenues as defined in Section I of
Chapter 29C; that the Treasurer with the approval of the City Manager is authorized to
borrow all or a portion of such amount from the Massachusetts Water Pollution
Abatement Trust established pursuant to Chapter 29C or the Massachusetts Water
Resources Authority and in connection therewith to enter into a loan agreement and/or a
security agreement and/or financial assistance agreement with the Trust or the Authority
and otherwise to contract with the Trust and the Authority and the Department of
Environmental Protection with respect to such loan and for any tederal or state aid
available for the projects or for the financing thereof; and that the City Manager or any
other authorized City official is authorized to enter into a project regulatory agreement
with the Department of Environmental Protection, to expend all funds available for the
projects and to take any other action necessary to carry out the projects.
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