| COMMUNITY PRESERVATION COMMITTEE |
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#159-23 |
Appropriate funds for the Athletic Fields CIP Construction Phase III project |
COMMUNITY PRESERVATION COMMITTEE requesting authorization to appropriate and expend the sum of nine million ninety-nine thousand seven hundred and eighty-seven dollars ($9,099,787) to the control of the Planning & Development Department from the Community Preservation Act Funds with four million ninety-nine thousand seven hundred and eighty-seven dollars ($4,099,787) from the CPA’s Unrestricted Prior Year Fund and five million dollars ($5,000,000) authorize a general obligation borrowing of an equal amount for the Athletic Fields CIP Construction Phase III project and authorization to apply any premium received upon the sale of the bonds or notes, less the cost of preparing, issuing, and marketing them, and any accrued interest received upon the delivery of the bonds or notes to the costs of the project and to reduce the amount authorized to be borrowed for the project by like amount. |
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05-10-23
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