CMA 2018-300
An order requesting the appropriation and authorization to borrow $3,000,000 to provide funds for the design and reconstruction of the Fire Station Headquarters building. QUESTION COMES ON ADOPTION
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Voted yes (9), unanimous
Dennis Carlone
Jan Devereux
Craig A. Kelley
Alanna Mallon
Marc McGovern
Sumbul Siddiqui
E. Denise Simmons
Timothy J. Toomey
Quinton Zondervan
ORDERED: ORDERED: That $3,000,000 is appropriated, for the purpose of financing the design and reconstruction of the Fire Station Headquarters building; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $3,000,000 under Chapter 44 of the General Laws or any other enabling authority; and be it further 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.
ORDERED: ORDERED: That $3,000,000 is appropriated, for the purpose of financing the design and reconstruction of the Fire Station Headquarters building; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $3,000,000 under Chapter 44 of the General Laws or any other enabling authority; and be it further 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 December 10, 2018. Adopted by a yea and nay vote:- Yeas 9; Nays 0; Absent 0. Attest:- Donna P. Lopez, City Clerk A true copy; ATTEST:- Donna P. Lopez City Clerk