HomeMy Public PortalAboutLoan Order O-2013-21 Water Main Replacement_201304261631046711ELECTED OFFICIALS:
Order it o,
Watertown Town Council
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972.6470
0-2013- (/
Mark S. Sideris,
Council President Ordered: that the following amount is appropriated for the following purposes:
Stephen P. Corbett, Amount Purpose
Vice President
John A. Donohue,
Councilor At Large
Susan G. Falkoff,
Councilor At Large
Anthony Palomba,
Councilor At Large
Angeline B. Kounelis,
District A Councilor
Cecilia Leak,
District B Councilor
Vincent J. Piecirilli, Jr.,
District C Councilor
Kenneth M. Woodland
District D Councilor
$1,500,000 water main replacement and for the payment of
all other costs incidental and related thereto
and that to meet this appropriation the Town Treasurer, with the
approval of the Town Manager, is authorized to borrow $1,500,000
under Chapter 44 of the General Laws or any other enabling authority,
that the Treasurer with the approval of the Town Manager is authorized
to borrow all or a portion of such amount from the Massachusetts
Water Resources Authority (the "Authority") and in connection
therewith to enter into loan agreements and financial assistance
agreements with the Authority with respect to such loans; that the Town
Manager, Treasurer and the Superintendent of Public Works are
authorized to contract for and expend any federal, state or other aid
available for the projects, including any grants related to such projects
from the Authority; and that the Town Manager, Treasurer and the
Superintendent of Public Works are authorized to take any other action
necessary or convenient to carry out this project, provided that the
amount of the authorized borrowing shall be reduced by the amount of
such aid received for the associated project prior to the issuance of
bonds or notes under this order.
Be It Further Ordered: That a copy of said Order is forwarded to the Town Auditor
and Town Treasurer/Collector,
Council Member
I hereby certify that at a regular meeting of the nine member Town Council for which a
quorum was present, the above Order was adopted by unanimous roll toll vote on April
24, 2013.
erie Papas, Council Clerk Mark S. Sideris, Council President