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Medford council approves $5 million free-cash appropriation, advances $25.775 million school HVAC and roof bond
Summary
The council voted April 9 to appropriate $5 million of certified free cash to cover early purchases for HVAC and roofing work at McGlynn and Andrew schools and approved the related $25,775,000 loan order on third reading; the total project estimate is $30,775,000.
The Medford City Council on April 9 approved a $5,000,000 free-cash appropriation to cover early purchases and reduce borrowing costs for a multi-school HVAC and roof project, and subsequently advanced the related loan order for the larger project on third reading.
The mayor’s letter requested the appropriation to replace boilers and cooling systems with condensing boilers and heat pumps, install associated controls and perform roofing work and solar-panel installation at McGlynn and Andrew schools. The city estimates the total project cost at $30,775,000; using $5 million in free cash will reduce the amount to be permanently borrowed and lower…
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