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Motion-7-10-07 Westford St. Demolition
TO: Mayor William F. Martin, Jr.
And
Members of the
FROM: Bernard F. Lynch, City Manager
DATE: July 12, 2007
SUBJECT: MOTION
OF 7/10/07 BY COUNCILOR BUD CAULFIELD
REQUEST
THE CITY MANAGER TO LOCATE AND PROVIDE MONIES FOR THE DEMOLITION OF THE
PROPERTY LOCATED AT
________________________________________________________________________
Please be advised that I have worked with staff to address the issue
raised in the above mentioned motion. In
the proposed solution funding would be derived from the sale of several parcels
of City owned property. These funds,
which would be placed in an account Receipts Reserved for Appropriations would
be transferred into an existing but dormant revolving fund that was established
for the purpose of financing the demolition of derelict structures. Upon completion of the demolition of each
property a lien will be placed on each property, with subsequent payments being
used to replenish the revolving fund.
We anticipate that these steps can be completed within the next 45-60
days. If you have any questions
regarding this matter, please let me know.
Thank you.