C-18
BOROUGH OF SOMERVILLE
GENERAL CAPITAL FUND
BONDS AND NOTES AUTHORIZED BUT NOT ISSUED
YEAR ENDED DECEMBER 31, 2021
ORD.
NO.
IMPROVEMENT DESCRIPTION BALANCE
DEC. 31,
2020
2021
AUTHORIZATIONS
NOTES
ISSUED
ASSESSMENTS
RAISED
FUNDED BY
RESERVE FOR
PAYMENT OF FUTURE
DEBT SERVICE
IMPROVEMENT
AUTHORIZATIONS
CANCELLED
BALANCE
DEC. 31,
2021
General Improvements
2470 Various Improvements
$35,466.83
$35,466.83
2495 Various Redevelopment Projects 5,000.00
$5,000.00
2497 Various Improvements 34,110.00 8,019.91 26,090.09
2499 Sidewalk Assessment 33,250.00 3,241.91 30,008.09
2518 Various Improvements 71,950.00 71,950.00
2550 Various Improvements 72,577.72 72,577.72
2570 Various Improvements 102,500.00 102,500.00
2574 Site Remediation at Landfill - amended 250,000.00 250,000.00
2577 Sidewalk Assessment 23,641.00
$22,875.06
765.94
2591 Acquisition of Police Mobile Radio System 15,500.00 12,267.17 3,232.83
2617 Parking Garage 7,250,000.00
$6,660,000.00
$280,000.00
310,000.00
2650 Firetruck
$760,000.00
760,000.00
$7,893,995.55
$760,000.00
$6,660,000.00
$22,875.06
$280,000.00
$59,761.76
$1,631,358.73
Ref. C C-6 C-9 C-6, C-18 C-6 C-6 C
See Independent Auditors' Report
102