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Transmitting Communication from Louis A. DePasquale, City Manager, relative to the appropriation and authorization to borrow $800,000 to provide funds for various Schools for repairs to entrance doors, upgrade of energy management software, replacement of analog phone system with the voice over internet protocol (VOIP), and the replacement of an emergency generator. ON OR AFTER MAY 6, 2019 THE QUESTION COMES ON ADOPTION
City of Cambridge
Agenda Item Number 2
IN CITY COUNCIL
April 22, 2019
ORDERED:
ORDERED:
That $800,000 is appropriated, for the purpose of financing building renovations,
including but not limited to, the following projects:
Replacement front entrance doors and framing at the Morse School
Phone system upgrade from analog system to voice over internet protocol
Energy Management software at the War Memorial
Replacement Emergency Generator for the Kennedy/Longfellow
and to meet this appropriation the Treasurer with the approval of the City Manager is
authorized to borrow $800,000 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 the cost of preparing issuing and marketing them, and any accrued
interest received upon the delivery of such bonds or notes, shall be applied to the
payment of project costs approved by this vote, thereby reducing the amount
authorized to be borrowed to pay such costs by a like amount.