Aldermen approve bond authorization for Somerville High
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Somerville High School will soon begin a massive transformation.
On Wednesday the Board of Aldermen voted to authorize a bond for additions and renovations at the school.
The vote was approved by all nine of the 11 aldermen present. Matt McLaughlin and Alderman Dennis Sullivan were not in attendance.
The Somerville High School Building Committee first submitted the schematic design for the new building in January, and the following month the Massachusetts School Building Authority approved a grant for the $255,982,704 project.
There are two potential reimbursement figures, explained Director of Finance Auditor Ed Bean in an email.
The first, he wrote, is $119,706,988 of state reimbursement if the MSBA does not approve construction contingencies. The second is $123,963,307 of state reimbursement if the MSBA does approve those contingencies.
“I am focusing on the $123,963,307 number,” wrote Bean. “Assuming this amount of reimbursement, the city’s share would be $132,019,397.”