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Agenda ItemsCity Manager's Agenda

CMA 2025-1

The appropriation of $29,388,181.96 from Free Cash to the Mitigation Revenue Stabilization Fund. During FY24, the City received mitigation revenues from various developers as a result of commitments related to zoning ordinance amendments and special permit conditions. By law, all mitigation revenues must be deposited into the General Fund and can only be appropriated after the Free Cash Certification is complete

How it started
Jan 6, 2025 · Submitted by Yi-An Huang, City Manager.
What happened
Jan 6, 2025 · ✅ Adopted: the Council approved it (Order adopted, unanimous)

Voted yes (9), unanimous

  • Burhan Azeem
  • Marc McGovern
  • Patty Nolan
  • Sumbul Siddiqui
  • Jivan Sobrinho-Wheeler
  • Paul F. Toner
  • Ayesha M. Wilson
  • Cathie Zusy
  • E. Denise Simmons
Roll call of Jan 6, 2025 · from the council’s minutes · photos: City of Cambridge
🏛 This item on the city's site
🗓 The meeting where this was taken up: Jan 6, 2025