LEGISLATIVE YEAR 2020
RESOLUTION: R-20-090
PURPOSE: Authorizing the purchase of land and buildings at 35 Franklin
Street (Map 68, Lot 53)
ENDORSERS: Alderman Richard A. Dowd
Alderman Jan Schmidt
COMMITTEE
ASSIGNMENT: Planning and Economic Development Committee
FISCAL NOTE: Purchase price of one million eight hundred twenty five
thousand dollars ($1,825,000)
ANALYSIS
This resolution authorizes the purchase of 55 Franklin Street (Map 68, Lot 53). The Board of
Education approved the purchase on October 26, 2020.
NRO §5-4, A states that the Board of Alderman shall approve public funding for the purchase of
all City and school land and buildings. Charter §77 provides that the Planning Board “shall
review and make recommendations to the mayor and board of aldermen on all locations for
proposed municipal building and facilities, including educational, [and] on the purchase and sale
of any land by the city.”
Approved as to account Financial Services Division
structure, numbers and
amount: By: /s/John Griffin
Approved as to form: Office of Cee
By:
Date: if [4 | ona
