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Transmitting Communication from Louis A. DePasquale, City Manager, requesting the appropriation and authorization to borrow $9,000,000 to provide funds for the construction of improvements of the Lexington Avenue and River Street Firehouses. ON OR AFTER JUNE 15, 2020 THE QUESTION COMES ON ADOPTION
City of Cambridge
Agenda Item Number 6
IN CITY COUNCIL
May 18, 2020
ORDERED:
ORDERED:
That $9,000,000 is appropriated, for the purpose of financing the construction of
building improvements to the Lexington Avenue and River Street Firehouses; and to
meet this appropriation the Treasurer with the approval of the City Manager is
authorized to borrow $9,000,000 under Chapter 44 of the General Laws or any other
enabling authority; and be it further
That 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.
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