Report of the Finance Committee - March 25, 2026
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Report of the Finance Committee - March 25, 2026
Finance Committee
Meeting of March 25, 2026
Minutes
+ 044-26. ORDER THAT: the City of Fitchburg hereby approves the expenditure of funds from the Commonwealth of Massachusetts Executive Office of Public Safety and Security State 911 Department Training Grant in the approximate amount of ONE HUNDRED SEVENTY THOUSAND NINETY-EIGHT and 84/100 DOLLARS ($170,098.84) for the purpose of training Fire Department dispatchers in Emergency Medical Dispatch procedures, and Police Department dispatchers in 911 Emergency procedures. (Be Adopted)
+ 045-26. ORDER THAT: the City of Fitchburg approve the expenditure of Shannon Community Safety Initiative Grant fund in the approximate amount of THREE HUNDRED TWENTY-TWO THOUSAND EIGHTY-TWO AND 51/100 DOLLARS ($322,082.51) from the Executive Office of Public Safety & Security for multi-jurisdictional youth initiatives. (Be Adopted)
+ 034-26. ORDER THAT: the City of Fitchburg approve the expenditure of grant funds from the Federal Aviation Administration in the approximate amount of ONE HUNDRED NINETEEN THOUSAND SEVEN HUNDRED SIXTY-EIGHT AND 03/100 DOLLARS ($119,768.03) for the purpose of improvements and deferred aintenance at the Fitchburg Municipal Airport. (Be Adopted)
+ 039-26. ORDER THAT: the City of Fitchburg hereby approves the expenditure of MassDevelopment grant funds in the approximate amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) to support the design of water, sewer, and storm drain upgrades, and a hotel study for the Airport land now designated as non-aviation. (Be Adopted)
+ 046-26. ORDER THAT: the City of Fitchburg hereby approves the expenditure of state earmark fund in the approximate amount of THREE HUNDRED FOUR THOUSAND DOLLARS ($304,000) to support the production of market-rate housing at the Iver Mills development project on River Street. (Be Adopted)
+ 042-26. RESOLUTION THAT: If the Site or any portion thereof is sold, conveyed, gifted, demised, ground leased, or otherwise transferred, or refinanced, and as a result of said transaction, the Recipient receives funds that exceed the aggregate amount necessary for repayment of existing monetary liens, mortgage loans, and other debt on the Project and all of the costs incurred by them in the acquisition, development, ownership, and sale of the Site or of the portion of the Site transferred (the 'Net Proceeds'), then Recipient shall reimburse MassDevelopment the full amount of the Net Proceeds up to the amount of the Recoverable Grant that has been disbursed and has not already been repaid to MassDevelopment (the 'Disbursed Funds'). (Ref. Order 034-26) (Be Adopted)