Finance Committee — Agenda, Feb 25, 2025

City of Somerville, Massachusetts Finance Committee Regular Meeting Agenda Virtual 6:00 PM Tuesday, February 25, 2025 https://us02web.zoom.us/webinar/register/WN_ntSD_aI5Snq4ICo6PoRUxQ (Posted online: 2/20/25 at 10:45 AM) Pursuant to Chapter 2 of the Acts of 2023, 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://us02web.zoom.us/webinar/register/WN_ntSD_aI5Snq4ICo6PoRUxQ Individuals with disabilities who need auxiliary aids and services for effective communication (i.e. CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact Adrienne Pomeroy in advance, at [phone removed] x2059 or ada@somervillema.gov. Roll Call 1. Committee Minutes (ID # 25-0209) Agenda Ready: Approval of the Minutes of the Finance Committee Meeting of February 11, 2025. Appropriations 2. Mayor's Request (ID # 25-0170) Referred for Recommendation: Requesting the appropriation of $500,000 from the Community Preservation Act Fund Open Space Reserve for the renovation of Quincy Street Park. Page 1 of 2

Finance Committee Regular Meeting Agenda February 25, 2025 Grant and Gift Acceptances 3. Mayor's Request (ID # 25-0173) Referred for Recommendation: Requesting approval to accept and expend a $1,000,000 grant with no new match required, from the Executive Office of Housing and Livable Communities to the Office of Strategic Planning and Community Development Economic Development Division for 14-16 Sewall Street acquisition. 4. Mayor's Request (ID # 25-0174) Referred for Recommendation: Requesting approval to accept and expend a $2,500,000 grant with no new match required, from MA Executive Office of Economic Development to the Office of Strategic Planning and Community Development Economic Development Division for the 299 Broadway redevelopment project. 5. Mayor's Request (ID # 25-0158) Referred for Recommendation: Requesting approval to accept and expend a $54,400 grant with no new match required, from the Mass Cultural Council to the Arts Council for the Local Cultural Council grant program. 6. Mayor's Request (ID # 25-0159) Referred for Recommendation: Requesting approval to accept and expend an $18,300 grant with no new match required, from the Mass Cultural Council to the Arts Council for unrestricted operating support. Prior Year Invoices 7. Mayor's Request (ID # 25-0169) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $1,312.50 using available funds in the Department of Racial and Social Justice Translation Services Account for Communication Access Realtime Translation (CART) services. Page 2 of 2