Search ▸ Agenda item attachment
CMA 2019 #98 · Agenda item attachment · Apr 22 2019
Transmitting Communication from Louis A. DePasquale, City Manager, relative to the appropriation and authorization to borrow $22,000,000 to provide funds for the construction of improvements at the Fire Station Headquarters Building located at 491 Broadway. ON OR AFTER MAY 6, 2019 THE QUESTION COMES ON ADOPTION
City of Cambridge
Agenda Item Number 3
IN CITY COUNCIL
April 22, 2019
ORDERED:
ORDERED:
That $22,000,000 is appropriated, for the purpose of financing the construction of the
Fire Station Headquarters building improvements; and to meet this appropriation the
Treasurer with the approval of the City Manager is authorized to borrow $22,000,000
under Chapter 44 of the General Laws or any other enabling authority.
Any premium received by the City upon the sale of any bonds or notes approved by
this vote, less any such premium applied to the costs of issuance of such bonds or
notes, may be applied to the payment of project costs approved by this vote in
accordance with Chapter 44, Section 20, thereby reducing the amount authorized to be
borrowed to pay such costs by a like amount.