Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves additional $36.19 million loan order for Lowell High School after debate over contingency and oversight
Summary
After a multi‑hour public hearing and debate over contingency funds and a newly reported structural issue at the 1892 building, the Lowell City Council voted to adopt and refer a loan order to borrow $36,185,757 for Lowell High School; the motion passed with one recorded No vote.
The Lowell City Council on Jan. 20 adopted a loan order to borrow $36,185,757 to cover additional costs on the Lowell High School project after a lengthy public hearing that blended resident questions, technical briefings from city finance staff and the project team, and extended council debate.
CFO Baldwin told the council the current loan order reduces several fees from the prior request and lowers contingency, explaining the difference between the earlier ~ $39.8 million request and the $36,185,757 before the council. “The loan order that’s in front of the council this evening for the public hearing is 36,185,757,” Baldwin said, and he outlined reductions in the owner’s project manager (OPM) fee and architect fee and a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
