HomeMy Public PortalAbout23-07-11 Order: Borrowing of Funds for Replacing Lead Pipes Watertown City Council
`` '; Administration Building
' 149 Main Street
Watertown, MA 02472
Phone: 617-972-6470
Order# 2023 — O -
ORDER TO APPROVE THE BORROWING OF FUNDS
TO PAY COSTS OF REPLACING LEAD PIPES THAT
CONNECT SERVICE LINES TO WATER MAINS
ORDERED: That the sum of $300,000 is appropriated to pay costs of replacing lead pipes
that connect service lines to water mains, including all cost incidental and related thereto;
that to meet this appropriation, the Treasurer, with the approval of the City Manager, is
authorized to borrow said amount under and pursuant to M.G.L. c.44, §7(1), or pursuant to
any other enabling authority, and to issue bonds or notes of the City therefor; that the
Treasurer, with the approval of the City Manager, is authorized to borrow all or a portion of
such amount from the Massachusetts Water Resources Authority (the "Authority") pursuant
to the Authority's lead service line replacement program and in connection therewith to enter
into a loan agreement and/or financial assistance agreement with the Authority and
otherwise to contract with the Authority with respect to such loan and for any grants or aid
available for the project or for the financing thereof; and that the City Manager is authorized
to accept and expend any grants or aid available for the project or for the financing thereof,
provided that the amount of the authorized borrowing for the project shall be reduced by the
amount of any such grants or aid received.
Council mber
I hereby certify that at a Meeting of the City Council for which a quorum was present, the
above Order was adopted by a vote of `Y for, 0 against, and 0 present on July 11, 2023
Brendan T. McCarthy, Council Clerk Mark S. Sideris, Council President
ELECTED OFFICIALS
Mark S. Sideris, Vincent J. Piccirilli, Jr., John M. Airasian,
Council President Vice President & Councilor At Large
District C Councilor
Caroline Bays, John G. Gannon, Anthony Palomba,
Councilor At Large Councilor At Large Councilor At Large
Nicole Gardner, Lisa J. Feltner, Emily Izzo,
District A Councilor District B Councilor District D Councilor