Order 051-24: Appropriate $39,500,000 Various Sewer Separation projects
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Order 051-24: Appropriate $39,500,000 Various Sewer Separation projects
051-24 ORDER: the sum of Thirty Nine Million Five Hundred Thousand Dollars ($39,500,000) be and hereby is appropriated to pay the cost of various sewer separation projects including, but not limited to, sewer separation project CSO 032, 045 and 083 Separation/Rehabilitation, and ongoing repairs and rehabilitation of the sewer system infrastructure in the City, including without limitation all costs incidental and related thereto and all costs thereof as defined in M.G.L. Chapter 29C, as amended; and to meet this appropriation, the City Treasurer, with the approval of the Mayor, is authorized to borrow said amount under and pursuant to M.G.L. Chapter 44, Section 7(1) or 8(14), or pursuant to any other enabling authority, and to issue bonds or notes of the City therefor; and that the City Treasurer with the approval of the Mayor is authorized to borrow all or a portion of such amount from the Massachusetts Clean Water Trust established pursuant to Chapter 29C and in connection therewith to enter into a financing agreement and/or security agreement with the Trust and otherwise to contract with the Trust and the Department of Environmental Protection with respect to such loan, and for any federal or state aid available for the project or for the financing thereof; and that the Mayor or other relevant City official is authorized to enter into a project regulatory agreement with the Department of Environmental Protection, to expend all funds available for the project and to take any other action necessary to carry out the project. The Treasurer is hereby authorized to file an application with the Municipal Finance Oversight Board to qualify under M.G.L. Chapter 44A any or all of the bonds authorized by this order, and to provide such information and execute such documents as the Municipal Finance Oversight Board may require for these purposes