Report of Committees: Finance Committee - Meeting of September 4, 2024
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Report of Committees: Finance Committee - Meeting of September 4, 2024
Finance Committee
Meeting of September 4, 2024
Oral Report
160-24. LOAN ORDER: that $12,700,000 aggregate amount is appropriated for the following
projects, including all costs incidental and related thereto, which amount may be
apportioned to such projects as needed to accomplish the projects: (i) rehabilitation
and/or upgrade of the Meetinghouse Gatehouse and Mare Meadow Pump Station, at
an estimated cost of $4,400,000; (ii) Main Street water main replacement project, at
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an estimated cost of $6,000,000, which amount is expected to be used in addition to
certain American Rescue Plan Act funds available for the project; and (iii) Regional
Water Treatment Plant roof replacement and weatherproofing project, at an estimated
cost of $2,300,000; that to meet this appropriation the Treasurer with the approval of
the Mayor is authorized to borrow $12,700,000 under G.L. c.44, ?8 or any other
enabling authority; that the Mayor is authorized to contract for and expend any
federal or state aid available for the projects; that the Mayor is authorized to take any
other action necessary to carry out the projects; and that the Treasurer is authorized to
file an application with the Municipal Finance Oversight Board to qualify under
Chapter 44A of the General Laws 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.