Finance Committee — Agenda, Nov 10, 2025

City of Somerville, Massachusetts Finance Committee Regular Meeting Agenda Virtual 6:00 PM Monday, November 10, 2025 https://us02web.zoom.us/webinar/register/WN_6lBN6ozHQWe6cuet2h76wA (Posted online: 11/6/25 at 10:00 AM) Pursuant to Chapter 2 of the Acts of 2025, 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_6lBN6ozHQWe6cuet2h76wA 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 # 25-1612) Agenda Ready: Approval of the Minutes of the Finance Committee Meeting of October 21, 2025. Communications and Discussions 2. Officer's Communication (ID # 25-1451) Sent for Discussion: Director of Infrastructure and Asset Management conveying the draft Combined Sewer Overflow Plan. Prior Year Invoices 3. Mayor's Request (ID # 25-1585) Referred for Recommendation: Requesting approval to pay prior year invoices totaling $23,109.33 using available funds in various Department of Public Works Accounts for various services. Page 1 of 2

Finance Committee Regular Meeting Agenda November 10, 2025 Grant and Gift Acceptances 4. Mayor's Request (ID # 25-1584) Referred for Recommendation: Requesting approval to accept and expend a $3,000 grant with no new match required, from Somerville Cambridge Elder Services to the Council on Aging for senior transportation. 5. Mayor's Request (ID # 25-1600) Referred for Recommendation: Requesting approval to accept and expend a $1,110,000 grant with no new match required, from the Massachusetts Gaming Commission to the Office of Strategic Planning and Community Development and Police Department for the development of the Union Square Plaza and Streetscape Phase 1. Funds and Accounts 6. Mayor's Request (ID # 25-1560) Referred for Recommendation: Requesting approval to create the Community Benefits Stabilization fund and accept a payment to the fund of $3,946,742.98 from the community benefit contributions outlined in project development covenants. 7. Mayor's Request (ID # 25-1599) Referred for Recommendation: Requesting approval to create a Housing Assistance Stabilization fund under the provisions of Massachusetts General Law Chapter 40, Section 5B. Page 2 of 2