Finance Committee — Agenda, Jan 24, 2023

City of Somerville, Massachusetts Finance Committee Regular Meeting Agenda Virtual 6:00 PM Tuesday, January 24, 2023 https://attendee.gotowebinar.com/register/617664279630317398 (Posted online: 1/19/23 at 7:00 PM) Pursuant to Chapter 107 of the Acts of 2022, this meeting of a City Council Committee will be conducted via remote participation. We will post an audio recording, audio-video recording, transcript, or other comprehensive record of these proceedings as soon as possible after the meeting on the City of Somerville website and local cable access government channels. Copy & paste the following link into your internet browser to view this meeting live: https://attendee.gotowebinar.com/register/617664279630317398 Roll Call 1. Committee Minutes (ID # 22-2076) Approval Review: Approval of the Minutes of the Regular Meeting on December 6, 2022. Gift Acceptances 2. Mayor's Request (ID # 23-0043) Referred for Recommendation: Requesting approval to accept and expend a $1,050 gift with no new match required, from Tufts University Technology Support Center to the Council on Aging to reduce the cost of a luncheon for older adults. Appropriations 3. Mayor's Request (ID # 23-0016) Referred for Recommendation: Requesting approval to appropriate $100,000 from the Encore Artist and Cultural Support Stabilization Fund to support Local Cultural Council grants to artists, organizations, and schools. 4. Mayor's Request (ID # 22-2083) Referred for Recommendation: Requesting approval to appropriate $75,000 from the Bike Share Stabilization Fund for a Blue Bike Station at Boynton Yards at 101 South Street. Page 1 of 3

Finance Committee Regular Meeting Agenda January 24, 2023 Lease Agreements 5. Mayor's Request (ID # 22-2041) Referred for Recommendation: Requesting approval of the Alternative Transportation Corridor Lease Agreement with the Massachusetts Bay Transportation Authority (MBTA). Contracts & Easements 6. Mayor's Request (ID # 23-0035) Referred for Recommendation: Requesting approval to extend a contract with the Community Action Agency of Somerville for an additional four months to 2/29/2023 for housing search and stabilization services. Bonding 7. Mayor's Request (ID # 23-0049) Referred for Recommendation: Requesting authorization to borrow $4,545,827 in a bond, and to appropriate the same amount for streets and sidewalk reconstruction. Prior Year Invoices 8. Mayor's Request (ID # 23-0046) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $95,474.26 using available funds in various Department of Public Works Ordinary Maintenance Accounts for various services. 9. Mayor's Request (ID # 22-2062) Referred for Recommendation: Requesting approval to pay a prior year invoice totaling $4,950 using available funds in the Human Resources Arbitration Services Account for FY 2022 arbitration services. 10. Mayor's Request (ID # 22-2061) Referred for Recommendation: Requesting approval to pay a prior year invoice totaling $3,012.03 using available funds in the Human Resources Professional & Technical Services Account for May 2021 Employee Assistance Program. 11. Mayor's Request (ID # 22-2060) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $358 using available funds in the Human Resources Professional & Technical Services Account for pre-employment placement exams and drug screens. 12. Mayor's Request (ID # 23-0044) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $796.67 using available funds in the City Clerk Office Supplies Account for various supplies. Page 2 of 3

Finance Committee Regular Meeting Agenda January 24, 2023 13. Mayor's Request (ID # 23-0017) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $3,332 using available funds in the Office of Sustainability and Environment Ordinary Maintenance Professional and Technical Services Account for preventative maintenance of solar arrays. Transfers 14. Mayor's Request (ID # 23-0037) Referred for Recommendation: Requesting approval of a transfer of $5,000 from the Office of Sustainability and Environment Ordinary Maintenance Account to the Office of Sustainability and Environment Personal Services Account to reallocate approved funding for interns to the appropriate budget line. Orders 15. Resolution (ID # 22-1798) Sent for Discussion: By Councilor Ewen-Campen, Councilor Burnley Jr., Councilor Clingan, Councilor Davis, Councilor Gomez Mouakad, Councilor Kelly, Councilor McLaughlin, Councilor Pineda Neufeld, Councilor Scott, Councilor Strezo and Councilor Wilson That the Administration update this Council on efforts to use District Improvement Financing to capture new tax growth, specifically for new affordable housing. 16. Order (ID # 22-1517) Sent for Discussion: By Councilor Kelly, Councilor Burnley Jr. and Councilor Wilson That the Director of Finance and the Budget Director update this Council on the progress of the free cash certification and any anticipated plans for additional free cash use. Page 3 of 3