Minutes - Finance - 9-20-22 Dispositions — File 22-1579

City of Somerville, Massachusetts Finance Committee Meeting Minutes Dispositions 6:00 PM Virtual Tuesday, September 20, 2022 https://attendee.gotowebinar.com/register/7918356614079204875 Roll Call Judy Pineda Neufeld, Charlotte Kelly, Ward Two City Councilor Jefferson Thomas (J.T.) Scott and City Councilor At Large Jake Wilson Present: Matthew McLaughlin Absent: 1. Approval of the Finance Committee Minutes of September 6, 2022. 22-1551 Approved Ward Seven City Councilor Pineda Neufeld, City Councilor At Large Kelly, Ward Two City Councilor Scott and City Councilor At Large Wilson Aye: Ward One City Councilor McLaughlin Absent: Bonding Appropriation 2. Requesting authorization to borrow $993,132 in a bond, and to authorization to appropriate the same amount for the General Fund portion of the Clarendon Hills Infrastructure Improvements project. 22-1439 Recommended to be approved Ward Seven City Councilor Pineda Neufeld, City Councilor At Large Kelly, Ward Two City Councilor Scott and City Councilor At Large Wilson Aye: Ward One City Councilor McLaughlin Absent: 3. Requesting authorization to borrow $662,088 in a bond, and authorization to appropriate the same amount for the Sewer portion of the Clarendon Hills Infrastructure Improvements Project. 22-1440 Recommended to be approved Ward Seven City Councilor Pineda Neufeld, City Councilor At Large Kelly, Ward Two City Councilor Scott and City Councilor At Large Wilson Aye: Ward One City Councilor McLaughlin Absent: Grant Acceptances Page 1 of 2

Finance Committee Meeting Minutes Dispositions September 20, 2022 4. Requesting acceptance of an additional $500,000 grant with no new match required, from the MA Executive Office of Housing and Economic Development for Clarendon Hill Project infrastructure improvements. 22-1509 Recommended to be approved Ward Seven City Councilor Pineda Neufeld, City Councilor At Large Kelly, Ward Two City Councilor Scott and City Councilor At Large Wilson Aye: Ward One City Councilor McLaughlin Absent: Page 2 of 2