🏛 The Cambridge Record
Agenda Items ▸ City Manager's Agenda

CMA 2017-90

The appropriation and authorization to borrow $2,000,000 to provide funds for various School building infrastructure …

How it started
Submitted by Louis A. DePasquale, City Manager.
What happened
✅ Adopted — the Council approved it (Order adopted — unanimous · Apr 24, 2017)

Voted yes (8) — unanimous

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

Absent (1)

  • Leland Cheung
Roll call from the city's record · photos: City of Cambridge
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Taken upApr 24, 2017
Passed to a second reading
No action taken
No action taken
No action taken
Order adopted, 8–0

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

The document a council order
🏛 View city website📄 Download original PDF
City of Cambridge
IN CITY COUNCIL
April 24, 2017

ORDERED: That $2,000,000 is appropriated, for the purpose of financing building renovations, including but not limited to, the following projects: Roof repairs at the Fletcher Maynard Academy, and Boiler replacement at an elementary school; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $2,000,000 under Chapter 44 of the General Laws or any other enabling authority. 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.