🏛 The Somerville Record
Matters ▸ Attachment

Community Benefits Summary 11-10-25 — File 25-1706

File 25-1706·1 page·📄 Original PDF (city portal)·sha256 5893aa321941…
Project Developer Date Community Benefits Notes Revenue Assembly FRIT 10/15/2019 ALTA-Xmbly Cresset Group 5/17/2019 74M Property Owner GreyStar 1/4/2023 1,296,750.00 $ SomerFund (Pmt# 1) 60 Cross St. (Kensington Connector) Young Construction 8/2/2022 515 Somerville Ave Noannet Group 11/20/2019 JMC/STM USQ LLC 346 Somerville Ave Union Square - D2 US2 6/23/2017 214,000.00 $ Paid and appropriated as part of D2/US CivicAdvisory Committee Union Square - D2 US2 4/21/2021 253,362.00 $ Paid and appropriated as part of D2/US CivicAdvisory Committee Union Square - D2 US2 5/13/2024 234,511.00 $ Paid and appropriated as part of D2/US CivicAdvisory Committee Union Square - D3 US2 155,222.26 $ Paid and appropriated as part of D2/US CivicAdvisory Committee Union Square - D4 US2 155,370.18 $ Paid and appropriated as part of D2/US CivicAdvisory Committee Boynton Yards DLJ/South Street LLC 9/30/2019 223,128.00 $ Non US2 being moved to General Comm Benefits Boynton Yards DLJ/South Street LLC 225,486.88 $ Non US2 being moved to General Comm Benefits 808 Windsor Legett McCall 8/15/2022 647,294.60 $ Non US2 being moved to General Comm Benefits 495 Columbia Boynton Gateway 4/30/2023 599,087.00 $ Non US2 being moved to General Comm Benefits 100 Chestnut North River 3/25/2022 174,216.00 $ Non US2 being moved to General Comm Benefits 100 Chestnut North River 3/14/2025 200,025.69 $ Non US2 being moved to General Comm Benefits 15 McGrath Highway 7/13/2023 232,885.80 $ Non US2 being moved to General Comm Benefits Total Payments Collected 4,611,339.41 $ Interest income 347,869.01 $ Interest being moved to General Comm Benefits Total Revenue 4,959,208.42 $ Deductions SCLT/CARES (153,000.00) $ USQMS/1st Source (850,000.00) $ Deduction Totals (1,003,000.00) $ Transfer to Somerville Community Benefits 3,946,742.98 $ Union Square Community Funds Balance 9,465.44 $ Developer Mitigation Payments