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Transmitting Communication from Louis A. DePasquale, City Manager, requesting the appropriation and authorization to borrow $16,000,000 to provide funds for the Municipal Facilities Improvement Plan which will support improvements at the Department of Public works Complex including the Ryan Garage, Lafayette Square Firehouse structural repair, and other municipal buildings. ON OR AFTER JUNE 15, 2020 THE QUESTION COMES ON ADOPTION
City of Cambridge
Agenda Item Number 5
IN CITY COUNCIL
May 18, 2020
ORDERED:
That $16,000,000 is appropriated, in addition to any amounts previously appropriated,
for the purpose of planning and financing building renovations, including but not
limited to the following projects in the municipal facilities improvement plan;
Building improvements at the Department of Public Works (DPW) complex
including the Ryan Garage, Lafayette Square Firehouse structural repair, and
other municipal buildings. The improvements include but are not limited to
accessibility, envelope – windows work, upgrades to the HVAC, plumbing-
piping, electrical and lighting,
and to meet this appropriation the Treasurer with the approval of the City Manager is
authorized to borrow $16,000,000 under Chapter 44 of the General Laws or any other
enabling authority; and be it further
ORDERED:
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.
In City Council June 15, 2020.
Adopted by a yea and nay vote:-
Yeas 9; Nays 0; Absent 0.
Attest:- Anthony I. Wilson, City Clerk
A true copy;
ATTEST:-
Anthony I. Wilson
City Clerk