Minutes - Finance - 3-24-26 Dispositions — File 26-0470

City of Somerville, Massachusetts Finance Committee Meeting Minutes Dispositions 6:00 PM City Council Chamber and Remote Participation Tuesday, March 24, 2026 Committee of the Whole This meeting was held in-person and virtually via Zoom and was called to order at 6:05 pm by Chair Wheeler and adjourned at 7:32 pm with a roll call vote of 10 in favor (Councilors Ewen-Campen, Link, Clingan, Strezo, Sait, Davis, Hardt, McLaughlin, Scott and Wheeler), none opposed, and one absent (Councilor Mbah). Councilor Mbah arrived at 6:17 pm. Also present: Alan Inacio - Director of Finance and Administration, Jerome Thomas - Director of Veterans’ Services, Edward Bean - Director of Finance, Robert Berretta - Somerville Public Schools Chief Financial Officer and Delaney Fisher-Cassiol - Clerk of Committees 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, City Councilor At Large Ben Wheeler, Ben Ewen-Campen, Jesse Clingan, Naima Sait, Lance L. Davis and Matthew McLaughlin Present: Wilfred N. Mbah Absent: 1. Approval of the Minutes of the Finance Committee Meeting of March 10, 2026. 26-0375 Accepted City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: Grant and Gift Acceptances 2. Requesting approval to establish a Grant Match Account with a $15,000 transfer from the Department of Veterans' Services Grounds Maintenance Account to the Department of Veterans' Services Special Items Account for the Massachusetts General Court and the State Historical Records Advisory 26-0325 Page 1 of 4

Finance Committee Meeting Minutes Dispositions March 24, 2026 Board Grant match requirement. Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: Appropriations 3. Requesting approval to appropriate $75,000 from the Bike Share Stabilization Fund for installation and startup costs of a Blue Bike station at the 16-20 Medford Street development site. 26-0202 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: 4. Requesting the appropriation of $430,965 from the Unreserved Fund Balance ("Free Cash") to the Special Education Reserve Fund. 26-0163 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Sait and McLaughlin Aye: City Councilor At Large Strezo Absent: Clingan and Davis Recused: Community Preservation Act Appropriations 5. Requesting the appropriation of $100,766 from the Community Preservation Act Fund Historic Preservation Reserve to the Somerville Museum to conserve artifacts in its collection. 26-0300 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: 6. Requesting the appropriation of $200,000 from the Community Preservation Act Fund Open Space Reserve to the Open Space Land Acquisition Fund. 26-0299 Recommended to be approved Page 2 of 4

Finance Committee Meeting Minutes Dispositions March 24, 2026 City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: 7. Requesting the appropriation of $1,167,395 from the Community Preservation Act Fund Community Housing Reserve to the Affordable Housing Trust. 26-0298 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: 8. Requesting the appropriation of $399,255 from the Community Preservation Act (CPA) Undesignated Fund Balance to the CPA Fund Community Housing Reserve. 26-0297 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: 9. Requesting the appropriation of $50,000 from the Community Preservation Act Budgeted Reserve to the Housing Authority for improvements to the open space at the Mystic River/View developments. 26-0323 Recommended to be approved City Councilor At Large Link, Ward Seven City Councilor Hardt, Ward Two City Councilor Scott, City Councilor At Large Wheeler, Ewen-Campen, Mbah, Clingan, Sait, Davis and McLaughlin Aye: City Councilor At Large Strezo Absent: Communications 10. Conveying budget priorities and requests for FY 2027. 26-0357 Councilor Clingan Sponsors: Recommended to be marked work completed 11. Conveying budget priorities and requests for FY 2027. 26-0345 Councilor Sait Sponsors: Recommended to be marked work completed Page 3 of 4

Finance Committee Meeting Minutes Dispositions March 24, 2026 12. Conveying budget priorities and requests for FY 2027. 26-0344 Councilor Ewen-Campen Sponsors: Recommended to be marked work completed 13. Conveying budget priorities and requests for FY 2027. 26-0355 Councilor Strezo Sponsors: Recommended to be marked work completed 14. Conveying budget priorities and requests for FY 2027. 26-0335 Councilor Mbah Sponsors: Recommended to be marked work completed 15. Conveying budget priorities and requests for FY 2027. 26-0351 Councilor Davis Sponsors: Recommended to be marked work completed 16. Conveying budget priorities and requests for FY 2027. 26-0349 Councilor Link Sponsors: Recommended to be marked work completed 17. Conveying budget priorities and requests for FY 2027. 26-0371 Councilor Hardt Sponsors: Recommended to be marked work completed 18. Conveying budget priorities and requests for FY 2027. 26-0360 Councilor Wheeler Sponsors: Recommended to be marked work completed Referenced Documents: • Finance - 2026-03-24 Memo (with 26-0202) Page 4 of 4