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Trust commission approves final $59,589 debt-service payment for Hope Cemetery bonds
Summary
The commission approved $59,589 from the Hope Cemetery Care Trust Fund to cover the final year of debt-service payments on bonds issued for Hope Cemetery improvements; commissioners said funds and trust terms were reviewed and the payment complies with the trust.
On May 28, 2025, the City of Worcester Trust Funds Commission approved funding request 52102: $59,589 from the Hope Cemetery Care Trust Fund to cover debt-service payments on bonds the city issued for Hope Cemetery improvements.
The commission record shows the request has been made annually to cover debt service tied to bonds for cemetery improvements and that the commission was told this is the final year of those payments. The commission chair said the request has appeared each year and that there are sufficient funds and that the request complies with the trust documents; he moved to approve the payment and commissioners approved by voice vote with no opposition recorded in the transcript.
Meeting remarks said the Hope Cemetery Trust makes payments back to the city that are used to cover the bond debt service and that, once the bonds are paid off, the cemetery may return for other types of requests but not this debt-service line item. The meeting record did not state additional follow-up requirements or reporting obligations tied to the payment.
The commission did not provide a roll-call vote in the transcript; the approval was recorded by voice vote.
