An order requesting the appropriation and authorization to borrow $1,000,000 to provide funds for the reconstruction of …

How it started

Submitted by Louis A. DePasquale, City Manager.

What happened

✅ Adopted — the Council approved it (Order adopted — unanimous · Feb 6, 2017)

Voted yes (9) — unanimous

Dennis Carlone
Leland Cheung
Jan Devereux
Craig A. Kelley
David Maher
Nadeem Mazen
Marc McGovern
Timothy J. Toomey
E. Denise Simmons

Roll call from the city's record · photos: City of Cambridge

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Taken upFeb 6, 2017

Passed to a second reading

No action taken

Order adopted, unanimous

The item's path through the council — every recorded step. How the request pipeline works

The document a council order

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City of Cambridge

IN CITY COUNCIL

ORDERED: That $1,000,000 is appropriated for the purpose of financing the repair and/or reconstruction of various City streets and sidewalks; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $1,000,000 under Chapter 44 of the General Laws or any other enabling authority; and be it further ORDERED: That 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.