Transmitting Communication from Louis A. DePasquale, City Manager, relative to the transfer of unexpended bond proceeds borrowed to pay the costs of the Kennedy Longfellow Roof Replacement project which came under budget $1,819,787.72

City of Cambridge Agenda Item Number 1 IN CITY COUNCIL June 10, 2019 ORDERED: That in accordance with Chapter 44, Section 20 of the General Laws, the unexpended balance of funds originally appropriated and borrowed to pay costs of the project set forth below, which amount is no longer needed to complete the project for which it was initially borrowed and for which no further financial liabilities remain, is hereby appropriated by this Council to pay additional costs of King Open and Cambridge Street Upper School and Community Complex Project, including the payment of any and all costs incidental and related thereto, and to reduce the amount previously authorized by an order of the City Council passed June 1, 2015 for such purpose by a like amount: Original Project and Amount Originally Authorized Date of Original Project Authorization Date of Bond Issue with Unexpended Proceeds Unexpended Proceeds to be Transferred Kennedy Longfellow Roof ($4,200,000) 06/01/2015 03/08/2017 $1,819,787.72