Item Coversheet


Town of Arlington, Massachusetts


Article 6
Warrant Article Title:
APPROPRIATION/PRIVATE WAY REPAIRS REVOLVING FUND
Warrant Article Text:
To see if the Town will vote to appropriate a sum of money into the Private Way Repairs Revolving fund; determine how much money should be appropriate into such Stabilization Fund; or take any action related thereto.
Requested by:
(Inserted at the request of the Town Manager)
Report Excerpt:

COMMENT: During Fiscal Year 2022 and in the upcoming Fiscal Year 2023 the Department of Public Works has been and will continue to be involved in several large private way repairs. As required by Town By-Law, abutters pay for these repairs either directly, in installments or through surcharges on their tax bills. The revolving fund is used as a source of working capital to finance work-in-process and currently does not have sufficient funds to finance these repairs.  Over time the entire cost of the repairs will be returned to the General Fund.

Vote Language:

VOTED: That the sum of $100,000 be and hereby is appropriated from the Overlay Reserve Fund Surplus Accounts of previous fiscal years into the Private Way Repairs Revolving Fund.