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Somerville committee accepts $99,127 developer mitigation payment for Chestnut-Joy multimodal improvements
Summary
The finance committee recommended creating the Chestnut Street Multimodal Safety Stabilization Fund and accepting $99,127 from a developer to fund interim protected bikeway and pedestrian safety improvements on Chestnut and Joy streets; expenditures must satisfy the planning board condition and will return to council for approval when spent.
The finance committee on May 6 recommended approval of a request to create a Chestnut Street Multimodal Safety Stabilization Fund and to accept a developer mitigation payment of $99,127 from the developer of 100 Chestnut Street.
Director Alan Inacio of the Office of Strategic Planning and Community Development…
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