Loan Order 160-24: $12,700,000 for Miscellaneous Water/Wastewater Projects
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Loan Order 160-24: $12,700,000 for Miscellaneous Water/Wastewater Projects
VII. LOAN ORDER
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 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, Section 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. (Final Reading)