Loading...
21.220 FY22 CIP - An Order to Authorize Borrowing 450,000 for Hotel BridgeCITY OF NORTHAMPTON MASSACHUSETTS In City Council, April 1, 2021 Upon the recommendation of the Mayor 21.220 FY22 CIP – An Order to Authorize Borrowing $450,000 for Hotel Bridge Ordered, that $450,000 is appropriated to pay costs of making structural and road surface improvements to the Hotel Bridge to accommodate bicycle and pedestrian traffic, 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.