2024-0812024-081
2024-081 · BUDGET · INFRASTRUCTURE · 2024
An Order to authorize FY 2025 borrowing for AMS Performance Center-Roof Replacement
The City of Amesbury is borrowing $6.063 million to fund the Amesbury Middle School roof replacement (AMS) and related costs. The project has a total projected cost nearing $9.9 million; funding beyond the city’s existing budget will be borrowed. Passage requires a two-thirds majority in the City Council.
approved SPECIFIC PROPERTY
- STEP 1SubmittedJUN 11 2024
- STEP 2 · CURRENTApprovedJUN 25 2024
AI summary · plain-language
This ordinance authorizes borrowing $6,063,254 to pay costs for the Amesbury Middle School roof replacement project, including the AMS Performance Center roof, and related construction costs. The total project budget is about $9.87 million, with approximately $3.95 million already approved in the City budget and the remainder funded through debt. The Treasurer, with the Mayor’s approval, is empowered to borrow under Massachusetts law to finance the project, and the measure requires a two-thirds vote of the City Council to proceed. The Mayor is authorized to take actions necessary to implement the project.
Key provisions
§1 Appropriates $6,063,254 to pay costs of the Amesbury Middle School roof replacement project.
§2 Authorizes the Treasurer, with the Mayor’s approval, to borrow $6,063,254 under G.L. c. 44 to fund the project.
§3 Requires a two-thirds vote of the City Council for passage.
§4 Authorizes the Mayor to take any action necessary or convenient to carry out the project.
Discussed at meetings
City CouncilCity Council Meeting
refer2024-081
Councilor Wheeler offered a motion to refer 2024-081 to the Budget and Finance Subcommittee with a second reading on Tuesday, June 25th and a presentation from the administration.