CMA 2018-319
An order requesting the appropriation and authorization to borrow $600,000 to provide funds for the installation of a new boiler at the Solomon Building at Cambridge Rindge and Latin School and other related improvements. QUESTION COMES ON ADOPTION
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Voted yes (8), unanimous
Dennis Carlone
Jan Devereux
Craig A. Kelley
Alanna Mallon
Marc McGovern
Sumbul Siddiqui
Timothy J. Toomey
Quinton Zondervan
Absent (1)
E. Denise Simmons
ORDERED: ORDERED: That $600,000 is appropriated, for the purpose of boiler replacement at the Solomon Building at Cambridge Rindge and Latin School and related improvements, including all costs incidental and related thereto; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $600,000 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 issuing such bonds and notes, may be applied to the payment of project costs approved by this vote, in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.
ORDERED: ORDERED: That $600,000 is appropriated, for the purpose of boiler replacement at the Solomon Building at Cambridge Rindge and Latin School and related improvements, including all costs incidental and related thereto; and to meet this appropriation the Treasurer with the approval of the City Manager is authorized to borrow $600,000 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 issuing such bonds and notes, may be applied to the payment of project costs approved by this vote, in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount. In City Council January 7, 2019. Adopted by a yea and nay vote:- Yeas 8; Nays 0; Absent 1. Attest:- Donna P. Lopez, City Clerk. A true copy; ATTEST:- Donna P. Lopez City Clerk