MARLBOROUGH – The state’s Department of Revenue recently certified the city’s free cash at $19,112,888.
More than $7.5 million was a result of a settlement reached between Marlborough and Northborough regarding its sewer treatment plant.
Mayor J. Christian Dumais presented the following transfers from free cash to the City Council on Monday, Sept. 23:
OPEB Trust Fund – $1.91 million, or 10% of the certified free cash.
Undesignated Stabilization Account – $1.91 million, or 10% of the certified free cash.
Farrell (Hildreth) Wading Pool – $858,941, reconstruction.
Department of Public Works – $386,384 from Eversource for trench repairs being performed in house by the DPW; funds will be used toward road resurfacing of Mechanic Street.
DPW – $350,000 toward expansion and site work at Evergreen Cemetery (originally part of the city’s Capital Improvement Program for fiscal 2024; the bond was turned into a request for free cash).
DPW – $120,000, to replace one of the boilers at the Walker Building (originally part of the city’s Capital Improvement Program for fiscal 2024; the bond was turned into a request for free cash).
DPW – $35,000; the payment was agreed upon between the city and developers at 399 Boston Post Road East for the purposes of the installation of an in-line sewage grinder for a pump station. This payment was received in the 2024 fiscal year and was absorbed into free cash. The funds will be used for pump maintenance.
The council approved the transfers except for the Farrell wading pool. Councilor Robert Preciado asked to have the decision postponed to the next council meeting on Monday, Oct. 7, so that the council would have updated information on both the Farrell and Ward Park projects.
The council also voted to rescind the bonds for Evergreen Cemetery expansion and the Walker Building boiler in order to approve the free cash transfers.