Finance Committee — Minutes, Feb 24, 2026

City of Somerville, Massachusetts City Council Finance Committee Meeting Minutes 6:00 PM Tuesday, February 24, 2026 This meeting was held via Zoom and was called to order by Chair Wheeler at 6:02 pm and adjourned at 8:45 pm on a roll call vote of 5 in favor (Councilors Link, Strezo, Hardt, Scott, Wheeler), 0 absent. The committee went into recess from 8:29-8:34 pm and returned on a roll call vote of 5 in favor (Councilors Link, Strezo, Hardt, Scott, Wheeler), 0 absent. Others present: Robert Berretta – Chief Financial Officer, Eric Weisman – Interim Commissioner of Public Works, Brian Postlewaite – Director of Engineering, Yasmine Raddasssi – Legislative Liaison, Ashley Speliotis – Director of Council on Aging, James Mucci, Rich Raiche – Director of Infrastructure and Asset Management, Nikki Spencer – Acting Director of Health and Human Services , Maya Yoshikawa - Sanitation and Hazardous Materials Program Manager, Christopher Hosman – Director of Somerpromise, Garret Anderson – Energy Manager, Michael Richards, Director of Finance and Administration for Water and Sewer, Ed Bean – Director of Finance, Anoop Malik - Health and Human Services Finance Manager, Cathy Lester Salchert - Special Counsel, Jerome Thomas - Director of Veteran Services, Alan Inacio, Director of Finance and Community of OSPCD, Emily Wisdom, Director of Finance and Administration, James Mucci - Director of Finance for Fire, Madalyn Letellier – Assistant City Clerk, Legislative Services. Roll Call City Councilor At Large Jon Link, City Councilor At Large Kristen Strezo, Ward Seven City Councilor Emily Hardt, Ward Two City Councilor Jefferson Thomas (J.T.) Scott and City Councilor At Large Ben Wheeler Present: 1. Approval of the Minutes of the Finance Committee Meeting of January 20, 2026. Committee Minutes (ID # 26-0142) ACCEPTED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 2. Approval of the Minutes of the Finance Committee Meeting of February 10, 2026. Committee Minutes (ID # 26-0263) ACCEPTED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Page 1 of 13

Finance Committee Meeting Minutes February 24, 2026 Environment-related Grant Requests 3. Requesting approval to accept and expend a $5,000 grant with no new match required, from the Department of Environmental Protection to the Department of Public Works for the Sustainable Materials Recovery Program. Mayor's Request (ID # 26-0112) Eric Weisman, Interim Commissioner of the Department of Public Works, explained this grant is for a paint can shed where residents can recycle paint. Councilor Strezo asked if this is an ongoing or a new program, Sanitation and Hazardous Materials Program Manager Maya Yoshikawa explained the previous shed is badly rusted and out of use, the purchase of this shed would allow expanded hours for residents to drop-off paint throughout the year. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 4. Requesting approval to accept and expend a $28,000 grant with no new match required, from the Massachusetts Department of Environmental Protection to the Department of Public Works for the Recycling Dividends Program. Mayor's Request (ID # 26-0117) Eric Weisman, Interim Commissioner of the Department of Public Works, stated this grant is received yearly for the recycling program. Sanitation and Hazardous Materials Program Manager Maya Yoshikawa elaborated on the intended use of the funds, including household hazardous waste collection events, trash and recycling guide postage and mail funds, and leftover funds will be used for recycling funds. Councilor Hardt asked about participation levels on weekdays versus weekends for waste collection events, Program Manager explained weekends will still be offered with weekday events being added in addition. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Infrastructure-related Contracts and Agreements 5. Requesting approval of a time-only extension until 6/30/2027 for the contract with N. Granese & Sons Inc. for water distribution system maintenance and repair. Mayor's Request (ID # 26-0133) Michael Richards, Director of Finance and Administration for Water and Sewer, explained the contracts in agenda items 5 and 6 (item #26-0132) are for on-call work assisting the Water Department for day to day maintenance. Page 2 of 13

Finance Committee Meeting Minutes February 24, 2026 The contracts are entering year three renewal, the goal is to align the contracts with the fiscal year, so no contracts are expiring mid fiscal year. Councilor Scott inquired about hiring in the department, Director Richards stated job descriptions have been updated and posted to the website. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 6. Requesting approval of a time-only extension until 6/30/2027 for the contract with EB Rotondi & Sons Inc. for repairs to water main gate valves and appurtenances. Mayor's Request (ID # 26-0132) Michael Richards, Director of Finance and Administration for Water and Sewer, explained the contracts in agenda items 5 and 6 (item #26-0132) are for on-call work assisting the Water Department for day to day maintenance. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Sewer-related Bonding 7. Requesting authorization to borrow $1,530,000 in a bond, and to appropriate the same amount for the annual FY 2026 Sewer System Evaluation and Infiltration/Inflow Assessment. Mayor's Request (ID # 26-0162) Richard Raiche, Director of Infrastructure and Asset Management, stated this is one of a two-part bond to do preventative maintenance on the sewer system. It is anticipated to keep this level-funding in the coming years with possibility to scale back in future years. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Contracts and Agreements 8. Requesting the appropriation of $154,136 from the Receipts Reserved for Appropriation-Settlement of Claims Account to the School Department Legal Settlement Account for an insurance settlement. Mayor's Request (ID # 26-0166) Ed Bean, Director of Finance, stated the law requires the City Council appropriate any amount that exceeds $150,000 to the relevant department. Robert Berretta, Chief Financial Officer, stated this is a settlement to pay out the claims for a school staff matter. Page 3 of 13

Finance Committee Meeting Minutes February 24, 2026 RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Communications-related 9. Requesting approval of a transfer of $3,000 from the Communications Department Professional and Technical Services Account to the Somerville Public Schools Professional Salaries Account for consulting services related to the inaugural event. Mayor's Request (ID # 26-0089) Denise Taylor, Director of Communications, stated this is to cover 100 hours of support to pay the Drama Director at the High School who was a co-director of the inauguration ceremony. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: HHS-related Appropriations and Grants 10. Requesting approval to appropriate $324,360 from the Medicinal Marijuana Stabilization Fund for the salary and fringe of four positions related to youth in FY 2027. Mayor's Request (ID # 26-0172) Anoop Malik, Health and Human Services Finance Manager, stated this amount is to fund four positions for youth services. In response to questions from Councilor Strezo Manager Malik shared all positions are full-time. Councilor Strezo asked what the approach for prevention services will look like in this next fiscal year. Nikki Spencer, Acting Director of Health and Human Services, stated the allotted positions work with youth and adults to conduct education and prevention activities. The school position has made that a full time role that has developed out of need and continues to address concerns. Councilor Link how the Out of School Time Assistant will work, Christopher Hosman, Director of Somerpromise, shared this position will support outside agencies that support what the schools already have in service and look at the disparity across departments. Director Bean, in response to Chair Wheeler, said there is a connection between the source of the funds and the positions, which are community agreements from dispensaries and there must be a connection to education or prevention for the use of the funds. Councilor Wheeler inquired about the effectiveness of staff and their impact on substance prevention; Acting Director Spencer stated these positions have evolved from the annual surveys that are conducted and how young people are interacting with substances. RECOMMENDED TO BE APPROVED RESULT: Page 4 of 13

Finance Committee Meeting Minutes February 24, 2026 City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 11. Requesting approval to accept and expend a $87,848 grant with no new match required, from the Executive Office of Aging and Independence to the Council on Aging for health, wellness, social, and educational programming. Mayor's Request (ID # 26-0164) Ashley Speliotis, Director of the Council on Aging, stated this is a yearly grant, with this being half of the amount that is being received in three installments. The funds are used for direct programming at the senior center including cost of meals, guest instructors, programming, and assist in costs for those looking to attend the events. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Easements 12. Requesting approval of a Pedestrian Access Sidewalk Easement and Maintenance License at 16-20 Medford Street. Mayor's Request (ID # 26-0160) Councilor Scott shared this is for a sidewalk extension in Union Square. Cathy Lester Salchert, Special Counsel, elaborated this is standard and required for cite approval. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Veterans-related 13. Requesting approval to accept and expend a $15,000 grant that requires a match from the Massachusetts General Court and the State Historical Records Advisory Board to the Veterans Services Department for support of the Veterans Memorial Cemetery and the archival digitization project. Mayor's Request (ID # 26-0113) Jerome Thomas, Director of Veteran Services, stated this project will digitize material for related historical materials to create a publicly accessible digital archive for Veterans. This includes photographs, historical records, GIS mapping, and for engagement with schools, libraries, and historical organizations. RECOMMENDED TO BE APPROVED RESULT: Page 5 of 13

Finance Committee Meeting Minutes February 24, 2026 City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 14. Requesting the appropriation of $306,250 from the Community Preservation Act Historic Preservation Reserve for restoration of the Veterans Memorial Cemetery and veterans monuments. Mayor's Request (ID # 26-0152) Jerome Thomas, Director of Veteran Services, states this investment ensures the cites receive proper maintenance, restoration, and rehabilitation. Director Thomas shared elements include conservation of grave markers, plaques, statues, and cleaning of granite memorials, restoration of the iron fence, and landscaping. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Energy-related Appropriations 15. Requesting approval to appropriate $299,460 from the Energy Stabilization Fund to replace the lighting at Dilboy Field. Mayor's Request (ID # 26-0199) Agenda items #26-0199, #26-0196, #26-0195, and #26-0188 were taken up together. Garrett Anderson, Energy Manager, discussed the various requests related to Energy Stabilization requested to fund throughout the city. Some of the requested related to lighting and some related to anticipated electrical use of Traffic and Parking and decarbonization. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 16. Requesting approval to appropriate $210,525 from the Energy Stabilization Fund to replace lighting at Trum Field. Mayor's Request (ID # 26-0197) This item was discussed with #26-0199. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Page 6 of 13

Finance Committee Meeting Minutes February 24, 2026 17. Requesting approval to appropriate $179,349 from the Energy Stabilization Fund for the addition of a solar array to the new roof of 133 Holland Street. Mayor's Request (ID # 26-0196) This item was discussed with #26-0199. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 18. Requesting approval to appropriate $26,759 from the Energy Stabilization Fund for weatherizing the basement and envelope of 133 Holland Street. Mayor's Request (ID # 26-0195) This item was discussed with #26-0199. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 19. Requesting approval to appropriate $299,910 from the Energy Stabilization Fund for a heat pump replacement project at 133 Holland Street. Mayor's Request (ID # 26-0188) This item was discussed with #26-0199. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: CPA-related 20. Requesting an appropriation and authorization to borrow $2,000,000 in a bond for financing a portion of the Kennedy Schoolyard Renovation Project, as recommended by the Community Preservation Committee. Mayor's Request (ID # 26-0084) This item was discussed with #26-0084, #26-0079, #26-0153, #26-0080, #26-0081, #26-0075, #26-0155, #26-0154, and #26-0151. Councilor Scott shared these are all projects that have been recommended and approved by the Community Preservation Committee (CPC) and the Council does not have authority to change the specific plans at this time. Alan Inacio, Director of Finance and Community of OSPCD, stated the Community Preservation Act program runs annual request for proposal and the CPC chooses from the applicants and rewarded projects. Councilor Strezo inquired about the Kennedy Project and Director Inacio shared the goal is for one phase of the project to be completed during the school recess. Director Inacio elaborated on the open space that is being added to the Blessing of the Bay Linear Park. Councilor Link asked about the Page 7 of 13

Finance Committee Meeting Minutes February 24, 2026 appropriation to Buddy’s Diner and what is expected to happen with the funds. Director Inacio shared this was a discussion within the CPC allocations and there are provisions in place to assist this business. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 21. Requesting the appropriation of $1,000,000 from the Community Preservation Act Open Space Reserve for construction of improvements to the Kennedy Schoolyard. Mayor's Request (ID # 26-0079) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 22. Requesting the appropriation of $124,331 from the Community Preservation Act Fund for improvements to Blessing of the Bay Linear Park. Mayor's Request (ID # 26-0153) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 23. Requesting the appropriation of $480,000 from the Community Preservation Act Fund Budgeted Reserve to the Somerville Hispanic Association for Community Development for continued preservation of 59 Cross Street. Mayor's Request (ID # 26-0080) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 24. Requesting the appropriation of $74,365 from the Community Preservation Act Historic Preservation Reserve to Nicole Bairos for preservation of Buddy's Diner. Mayor's Request (ID # 26-0081) This item was discussed with #26-0084. Page 8 of 13

Finance Committee Meeting Minutes February 24, 2026 RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 25. Requesting the appropriation of $420,566 from the Community Preservation Act Historic Preservation Reserve to the Elizabeth Peabody House for continued restoration of 277 Broadway. Mayor's Request (ID # 26-0075) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 26. Requesting the appropriation of $50,000 from the Community Preservation Act Budgeted Reserve to the Somerville Housing Authority for improvements to the open space at the Mystic River/View developments. Mayor's Request (ID # 26-0155) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 27. Requesting the appropriation of $150,000 from the Community Preservation Act Historic Preservation Reserve to Vida Real Church for exterior restoration of the building at 404 Broadway. Mayor's Request (ID # 26-0154) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 28. Requesting the approval of a transfer of $237,250 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Historic Preservation Reserve. Mayor's Request (ID # 26-0151) This item was discussed with #26-0084. RECOMMENDED TO BE APPROVED RESULT: Page 9 of 13

Finance Committee Meeting Minutes February 24, 2026 City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Park-related Contracts and Agreements 29. Requesting approval of a time-only contract extension until 12/31/2027 for Crowley Cottrell LLC to complete additional services for re-design and construction administration fees for Junction Park. Mayor's Request (ID # 26-0085) Director Inacio stated there are some last minute details to be addressed in the spring and summertime where the contractor needs to be maintained to answer. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Prior Year Invoices 30. Requesting approval to pay prior year invoices totaling $3,342.05 using available funds in various Police Departments Ordinary Maintenance Accounts for various services. Mayor's Request (ID # 26-0097) Emily Wisdom, Director of Finance and Administration for Police, shared this is for a bill from Verizon that was never received and to pay a vendor who handles case management. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Police, Fire Department Grant and Gift Acceptances 31. Requesting approval to accept and expend a $43,000 grant with no new match required, from the Boston Office of Emergency Management to the Police Department for software. Mayor's Request (ID # 26-0169) Emily Wisdom, Director of Finance and Administration for Police, shared Urban Area Security Initiative (UASI) funds are applied to from the State and once it receives the award the grant is then awarded out to various municipalities. Funds from a prior year were asked to be re-allocated to purchase software for investigations. Councilor Scott and Councilor Link expressed hesitancy to have this technology in the Police Department. There was a robust conversation to follow about the use scenarios this surveillance technology would be used in. Director Wisdom stated the money does expire by May 30, 2026, but could work to get a memo to put in front of the full Council at the next meeting. Page 10 of 13

Finance Committee Meeting Minutes February 24, 2026 KEPT IN COMMITTEE RESULT: 32. Requesting approval to accept and expend a $50,000 grant with no new match required, from the Boston Office of Emergency Management to the Police Department for target hardening at the Police Department headquarters. Mayor's Request (ID # 26-0168) Emily Wisdom, Director of Finance and Administration for Police, shared this is a second installment of funds for a gate for where police vehicles and equipment are stored. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 33. Requesting approval to accept and expend a $618,181.81 grant that requires a match, from the Federal Emergency Management Agency to the Fire Department for the replacement of aging breathing apparatus. Mayor's Request (ID # 26-0055) James Mucci, Director of Finance for Fire, shared this money will replace breathing apparatus which will allow the department to bring inventory in compliance with current industry standards. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 34. Requesting approval of a transfer of $6,166.19 from the Fire Department Ordinary Maintenance Other Equipment - Not Capitalized Account to the Fire Department Special Items Grant Match Account to fund the required match for the Federal Emergency Management Agency Assistance to Firefighters Grant. Mayor's Request (ID # 26-0056) RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: 35. Requesting approval to accept and expend a $48,000 grant with no new match required, from Urban Areas Security Initiative (UASI) to the Fire Department for the replacement of security cameras at fire headquarters. Mayor's Request (ID # 26-0156) Director Mucci clarified this is to replace an old system and none of the cameras capture sound. Director Wisdom, in response to Councilor Link, Page 11 of 13

Finance Committee Meeting Minutes February 24, 2026 shared UASI cameras are given credentialed log ins for specific sites and delegation for these systems. RECOMMENDED TO BE NOT APPROVED RESULT: City Councilor At Large Strezo and Ward Seven City Councilor Hardt AYE: City Councilor At Large Link, Ward Two City Councilor Scott and City Councilor At Large Wheeler NAY: Claim Settlement 36. Requesting approval for settlement of a claim for $10,400 pursuant to Section 2-124 of the Code of Ordinances. Mayor's Request (ID # 26-0167) Councilor Scott shared historically these are claims people have made to the city, Legislative Liaison Raddassi stated the memo attached to the meeting clarifies the reason for the settlement from a tree falling on a car. RECOMMENDED TO BE APPROVED RESULT: City Councilor At Large Link, City Councilor At Large Strezo, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott and City Councilor At Large Wheeler AYE: Grant and Gift Acceptances 37. Requesting approval to accept and expend a $127,000 grant with no new match required, from the Boston Office of Emergency Management to the Police Department for Special Response Team equipment and training. Mayor's Request (ID # 25-0849) KEPT IN COMMITTEE RESULT: Appropriations 38. Requesting the appropriation of $430,965 from the Unreserved Fund Balance ("Free Cash") to the Special Education Reserve Fund. Mayor's Request (ID # 26-0163) KEPT IN COMMITTEE RESULT: Communications 39. Director of Economic Development conveying the potential use of an Urban Center Housing Tax Increment Financing Tool (UCH-TIF) to incentivize housing production. Officer's Communication (ID # 26-0201) KEPT IN COMMITTEE RESULT: Page 12 of 13

Finance Committee Meeting Minutes February 24, 2026 Referenced Documents: • Finance - 2026-02-24 Memo (with 26-0113) • Finance - 2026-02-24 Memo (with 26-0167) • Finance - 2026-02-24 Memo (with 26-0172) • Finance - 2026-02-24 Amendment (with 26-0055) • Finance - 2026-02-24 Memo (with 26-0199 and 26-0197) • Finance - 2026-02-24 Memo (with 26-0188, 26-0195, and 26-0196) Page 13 of 13