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Ordered: That $449,000 be appropriated from the Expendable Trust Fund to the citywide mitigation funds for installation of parking meters and to various ward funds for purposes allowable under Section 4.41 of R.O. 1991 and that a resolving fund be established for parking related expenses.
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ORDERED: That $449,000 in funds available in the expendable trust be appropriated and allocated in the following manner:
1. $20,409.09 be appropriated into the Ward 1 Development Mitigation Account
2. $20,409.09 be appropriated into the Ward 2 Development Mitigation Account
3. $20,409.09 be appropriated into the Ward 3 Development Mitigation Account
4. $20,409.09 be appropriated into the Ward 4 Development Mitigation Account
5. $20,409.09 be appropriated into the Ward 5 Development Mitigation Account
6. $20,409.09 be appropriated into the Ward 6 Development Mitigation Account
7. $20,409.09 be appropriated into the Ward 7 Development Mitigation Account
8. $20,409.09 be appropriated into the Ward 8 Development Mitigation Account
9. $20,409.09 be appropriated into the At Large 1 Development Mitigation Account
10. $20,409.09 be appropriated into the At Large 2 Development Mitigation Account
11. $20,409.09 be appropriated into the At Large 3 Development Mitigation Account
12. $224,500.00 be appropriated into the City Development Mitigation Account for the purchase and installation of parking meters throughout the City.
And be it further Ordered: That a revolving fund be established pursuant to MGL Chapter 44 Section 53E ½ to be limited to the sum of funds collected from the parking meters. Expenditure of funds shall be limited to normal and customary expenses associated with the operation of the parking meter program and other parking related expenses.
BARBARA MURPHY, WARD FIVE
Recommended:
GARY CHRISTENSON, MAYOR