Thursday, July 22, 2010

Capital spending

$6 million capital approved by the City Council
$51 million in bonding under the energy audit (but that may well not all be spent)
also a motion to plan how we will spend this money as it moves forward

O'Connell is moving that the School Committee be directly involved in the work (from planning to completion) under the capital plan
O'Brien points out that any plans have to go within the city's self-imposed bonding cap
Allen points out that the projects will not involve additions or anything of that sort, but he agrees with the intent.
"plan is to piggyback on the ESCO money and really do complete rehabilitation" of particular schools
(and sorry, I've had my abbrevation on ESCO wrong...Energy Saving Company, apparently)

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