City Seeking $3.2M Interest Free Loan For Projects
New Brooks Estate road, school security system cameras, police cruisers among items that could be paid for by an MWRA loan.
The Medford City Council approved a first reading of a paper Tuesday night that could eventually lead in the procurement of $3.2 million in loans from the Massachusetts Water Resource Authority (MWRA). The MWRA loans are interest-free and can be used for any purpose and not just water improvements, Medford Mayor Michael McGlynn explained to the council during a committee of the whole meeting. Before the end of the year, the MWRA approached McGlynn about their Local Pipeline Assistance program. McGlynn said the city had a balance in its account from zero or low-interest loans approved by the council. Under the program, the city could produce documentation for all water work appropriated from city accounts dating back to 2000 and applied to …
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raymay
3:37 pm on Wednesday, February 13, 2013
I am personally looking forward to massive layoffs at City Hall. Whenever I sit there, it's McGlynn's cronies sitting around on their larded petards. more ›