Finance Committee

Virtual

Agenda — 16 items

1. 1 (Posted online: 11/6/25 at 10:00 AM)
2. 2 Pursuant to Chapter 2 of the Acts of 2025, this meeting of a City Council Committee will be conducted via remote participation. We will post an audio recording, audio-video recording, transcript, or other comprehensive record of these proceedings as soon as possible after the meeting on the City of Somerville website and local cable access government channels. Copy & paste the following link into your internet browser to view this meeting live: https://us02web.zoom.us/webinar/register/WN_6lBN6ozHQWe6cuet2h76wA Individuals with disabilities who need auxiliary aids and services for effective communication (i.e. CART, ASL), written materials in alternative formats, or reasonable modifications in policies and procedures, in order to access the programs and activities of the City of Somerville or to attend meetings, should contact Adrienne Pomeroy in advance, at 617-625-6600 x2059 or ada@somervillema.gov.
3. 3 This meeting was held virtually via Zoom and was called to order at 6:00 pm by Chair Wilson and adjourned at 6:55 pm with a roll call vote of 4 in favor (Councilors Mbah, Clingan, Scott and Wilson), none opposed, and 1 absent (Councilor Burnley). Councilor Burnley arrived at 6:22 pm. Others present: Jill Lathan - Commissioner, Department of Public Works, Ashley Speliotis - Director, Council on Aging, Alan Inacio - Director, Finance and Community Development, Ed Bean - Finance Director, Tom Galligani - Executive Director, Office of Strategic Planning and Community Development, Neha Singh - Director of Intergovernmental Affairs, Ellen Shachter - Director of Housing Stability, Delaney Fisher-Cassiol - Clerk of Committees
4. 4 Roll Call
5. 1. Approval of the Minutes of the Finance Committee Meeting of October 21, 2025. 25-1612 Accepted Pass
6. 6 Communications and Discussions
7. 2. Director of Infrastructure and Asset Management conveying the draft Combined Sewer Overflow Plan. 25-1451 Kept in committee Pass
8. 8 Prior Year Invoices
9. 3. Requesting approval to pay prior year invoices totaling $23,109.33 using available funds in various Department of Public Works Accounts for various services. 25-1585 Recommended to be approved Pass
10. 10 Grant and Gift Acceptances
11. 4. Requesting approval to accept and expend a $3,000 grant with no new match required, from Somerville Cambridge Elder Services to the Council on Aging for senior transportation. 25-1584 Recommended to be approved Pass
12. 5. Requesting approval to accept and expend a $1,110,000 grant with no new match required, from the Massachusetts Gaming Commission to the Office of Strategic Planning and Community Development and Police Department for the development of the Union Square Plaza and Streetscape Phase 1. 25-1600 Recommended to be approved Pass
13. 13 Funds and Accounts
14. 6. Requesting approval to create the Community Benefits Stabilization fund and accept a payment to the fund of $3,946,742.98 from the community benefit contributions outlined in project development covenants. 25-1560 Recommended to be discharged with no recommendation
15. 14 Referenced Documents: • Finance - 2025-11-10 Community Benefits Summary (with 25-1560)
16. 7. Requesting approval to create a Housing Assistance Stabilization fund under the provisions of Massachusetts General Law Chapter 40, Section 5B. 25-1599 Recommended to be approved Pass