Finance Committee

Virtual

Agenda — 18 items

1. 1 (Posted online: 4/19/24 at 9:00 AM)
2. 1 The meeting took place virtually via Zoom and was called to order at 6:00 PM by Chair Wilson and adjourned at 6:57 PM on a roll call vote of 5 in favor (Councilors Clingan, Burnley, Sait and Wilson), none against and 1 absent (Councilor Scott). Others present: Special Counsel Catherine Lester Salchert – Law, Director Alan Inacio - OSPCD, Director Rich Raiche – Capital Projects, Director of Finance and Administration Julie Spurr-Knight – DPW, Commissioner Jill Lathan – DPW, Hannah Carrillo – Legislative Liaison, Peter Forcellese – Legislative Clerk.
3. 2 Pursuant to Chapter 2 of the Acts of 2023, 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_5rFVszXTQbK6zH5lng06Kg 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.
4. 3 Roll Call
5. 1. Approval of the Minutes of the Finance Committee Meeting of April 9, 2024. 24-0484 Accepted Pass
6. 2. Requesting approval to appropriate $302,720 from the Energy Stabilization Fund to use as a Green Communities grant match to fund energy improvements for 42 Cross Street. 24-0412 Recommended to be approved Pass
7. 3. Requesting authorization to borrow $7,310,000 in a bond, and to appropriate the same amount for the FY 2024 Water Main Rehabilitation program as part of the Massachusetts Water Resource Authority's Local Water System Assistance Program. 24-0476 Recommended to be approved Pass
8. 4. Requesting authorization to borrow $1,800,000 in a bond, and to appropriate the same amount for the annual recurring FY 2024 Sewer System Evaluation & Infiltration/Inflow Assessment. 24-0495 Recommended to be approved Pass
9. 5. Requesting approval of a transfer of $42,500 from the Office of Strategic Planning and Community Development (OSPCD) Housing Personal Services Account to the OSPCD Public Space and Urban Forestry Personal Services Account to cover a projected year-end salary deficit. 24-0492 Recommended to be approved Pass
10. 6. Requesting approval of the Conveyance and Easement for Parcel D2.2 (Union Square) Civic Space Lot 2A. 24-0541 Recommended to be approved Pass
11. 7. Requesting approval of a pedestrian access easement on Charlestown Place, approval of a grant of easements over certain alleys located in the D2.2 parcel, and approval of a grant of license from the City to Union Square RELP. 24-0540 Recommended to be approved Pass
12. 8. Requesting approval to enter into an 84- and 89-month contract renewal term with Big Belly for existing equipment and deliverables, and enter into a new 96-month contract term with Big Belly for new units. 24-0490 Recommended to be approved Pass
13. 9. Requesting approval to pay prior year invoices totaling $493.08 using available funds in the Department of Public Works Fleet Motor Parts and Accessories Account for vehicle repair parts. 24-0489 Recommended to be approved Pass
14. 10. Requesting approval to pay prior year invoices totaling $224.67 using available funds in the Department of Public Works Bituminous Supplies Account for the purchase of asphalt. 24-0488 Recommended to be approved Pass
15. 11. Requesting approval to pay prior year invoices totaling $3,780 using available funds in the Department of Public Works Rental Buildings Account for the lease of conduit to carry Fire Alarm equipment. 24-0487 Recommended to be approved Pass
16. 12. Requesting approval to pay prior year invoices totaling $307.97 using available funds in the Department of Public Works Admin Postage Machine Rental Account for postage machine lease expenses. 24-0486 Recommended to be approved Pass
17. 13. Requesting approval to pay prior year invoices totaling $108,373.07 using available funds in the Department of Public Works Natural Gas Account for natural gas expenses. 24-0485 Recommended to be approved Pass
18. 16 Referenced Documents: • Finance - 2024-04-23 Memo to Finance Committee (with 24-0412)