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File #:
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400-20
Version:
1
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Name:
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Type:
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Committee Report
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Status:
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Passed
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On agenda:
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11/24/2020
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Final action:
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11/24/2020
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Title:
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Committee Report: Finance (Paper #370-20) Order: That the sum of $3,000,000 is appropriated to pay costs of street repaving, including the payment of all costs incidental and related thereto, and that to meet this appropriation of the Treasurer, with the approval of the Mayor, is authorized to borrow said amount under and pursuant to Chapter 44 Section 7(1) of the General Laws or pursuant to any other enabling authority, and to issue bonds or notes of the City therefor. Any premium received by the City upon the sale of any bonds or notes approved by this order, or pursuant to any other loan orders approved by the City prior to the date hereof, less any such premium applied to the payment of the costs of issuance of such bonds or notes, may be applied to the payment of costs approved by this vote, or pursuant to any other loan orders approved by the City prior to the date hereof, as the case may be, in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the a...
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Title
Committee Report: Finance (Paper #370-20) Order: That the sum of $3,000,000 is appropriated to pay costs of street repaving, including the payment of all costs incidental and related thereto, and that to meet this appropriation of the Treasurer, with the approval of the Mayor, is authorized to borrow said amount under and pursuant to Chapter 44 Section 7(1) of the General Laws or pursuant to any other enabling authority, and to issue bonds or notes of the City therefor. Any premium received by the City upon the sale of any bonds or notes approved by this order, or pursuant to any other loan orders approved by the City prior to the date hereof, less any such premium applied to the payment of the costs of issuance of such bonds or notes, may be applied to the payment of costs approved by this vote, or pursuant to any other loan orders approved by the City prior to the date hereof, as the case may be, in accordance with Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount adding the following language: any street repaving project funded by this funding source include, to the greatest extent: (1) improvements to ensure crossings meet the standards of the American with Disabilities Act (ADA), (2) new pavement markings consistent with Malden’s Complete Street Policy and Malden By Bike Plan, and (3) measures to preserve existing trees or replace any tree removed at a nearby location.
Body
The Standing Committee on Finance, to whom was referred Paper #370 Series of 2020, having considered the same make the following report: Committee recommends that this paper be reported out favorably to the Full Council.
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