Finance Committee

City Hall, Room #105 215 Pleasant Street Malden, MA 02148

Agenda — 18 items

1. 1 Roll Call
2. 2 Minutes to be Approved
3. 2 Also Present: Council President O'Malley, Councillors Linehan, Sica, Simonelli,Taylor Councillor McDonald called the meeting to order at 7:04 PM. This meeting has audio and video by TEAMS.
4. 3 Minutes of December 10, 2024 to be approved. 84-25 tabled Pass
5. 4 Business
6. 5 Order: That One Million Four Hundred Fifty Thousand Dollars ($1,450,000) is re-appropriated to pay costs of revitalization of Devir Park in the amount of $450,000 and the River Works park in the amount of $1,000,000, and for the payment of all costs incidental and related thereto, and that to meet this appropriation, $1,450,000 shall be re-appropriated from a portion of the amount borrowed on August 2, 2023 under the Loan Order passed by the City Council on June 11, 2019 to pay costs of Roosevelt Park revitalization, which project is abandoned and no liability remains, in accordance with G. L. c. 44 s. 20. 68-25 recommended favorably Pass
7. 6 Order: That the appropriation enumerated below, being in the amount of $319,596 be appropriated from the Community Preservation Act Fund for the following project: Devir Park Revitalization Phase II: Open Space Reserve $94,000 Budgeted Reserve $225,596 Total Appropriation= $319,596 69-25 recommended favorably Pass
8. 7 Order: That the appropriation enumerated below, being in the amount of $8,000 be appropriated from the Community Preservation Act Fund for the following project: Pearl Street Fire Station (176 Pearl Street) Envelope Assessment Project: Historic Preservation Reserve $8,000 Total Appropriation $8,000 70-25 recommended favorably Pass
9. Order: That the appropriation enumerated below, being in the amount of $8,000 be appropriated from the Community Preservation Act Fund for the following project: Oliver Street Fire Station (139 Oliver Street) Envelope Assessment Project: Historic Preservation Reserve $8,000 Total Appropriation $8,000 71-25 recommended favorably Pass
10. 9 Order: That the appropriation enumerated below, being in the amount of $349,166.52 be appropriated from the Community Preservation Act Fund for the following project: Affordable Housing Trust Fund: Community Housing Reserve $349,166.52 Total Appropriation= $349,166.52 72-25 recommended favorably Pass
11. 10 Order: That the appropriation enumerated below, being in the amount of $475,000 be appropriated from the Community Preservation Act Fund for the following project: Forest Dale Cemetery Wall Restoration Project: Historic Preservation Reserve $278,000 Budgeted Reserve $197,000 Total Appropriation= $475,000 73-25 recommended favorably Pass
12. 11 Order: That the appropriation enumerated below, being in the amount of $14,500 be appropriated from the Community Preservation Act Fund for the following project provided that the appropriation is not to be used to repair or restore any item whose sole purpose is religious: St. Paul’s Parish Envelope Assessment Project: Historic Preservation Reserve $14,500 Total Appropriation $14,500 74-25 tabled Pass
13. 12 Order: That the appropriation enumerated below, being in the amount of $40,000 be appropriated from the Community Preservation Act Fund for the following project: Housing Subsidy for Older Adults Project: Budgeted Reserve $40,000 Total Appropriation= $40,000 75-25 recommended favorably Pass
14. 13 Other Business
15. 14 Tabled Papers
16. 15 Minutes of October 29, 2024 to be approved. 438-24
17. 16 Adjournment adjourned Pass
18. 17 If you would like to request a reasonable accommodation, please contact Maria Luise, ADA Compliance Coordinator at mluise@cityofmalden.org or 781-397-7000 Ext. 2005 For instructions on enabling live translated captions in Teams, please visit: www.cityofmalden.org/captions