21.221 FY22 CIP - An Order to Authorize Borrowing $685,000 for DPW VehiclesCITY OF NORTHAMPTON
MASSACHUSETTS
In City Council, April 1, 2021
Upon the recommendation of the Mayor
21.221 FY22 CIP - An Order to Authorize Borrowing $685,000 for DPW Vehicles
Ordered, that
$685,000 is appropriated to pay costs of acquiring various vehicles and other equipment for the Department of Public Works, including all costs incidental and related thereto; that
to meet this appropriation, the Treasurer, with the approval of the Mayor, is authorized to borrow said amount under Chapter 44, Section 7(1) of the General Laws, or pursuant to any
other enabling authority, and to issue bonds or notes of the City therefor; that the Mayor is authorized to take any action necessary or convenient to carry out this project; and that
any premium received by the City upon the sale of any bonds or notes approved by this order, less any such premium applied to the payment of the costs of issuance of such bonds or notes,
may be applied to the payment of costs of the project approved by this order in accordance with Chapter 44, Section 20 of the General Laws and thereby reduce the amount of the authorized
borrowing by a like amount.