Cambridge City
MA

City Manager's Agenda Item
CMA 2017 #316
ORDER ADOPTED
Dec 11, 2017 5:30 PM

Transmitting Communication from Louis A. DePasquale, City Manager, relative to the appropriation of $489,780 associated with the Hubway Bike Share Equipment from the Mitigation Revenue Stabilization Fund to the Public Investment Fund Community Development Extraordinary Expenditures account. These mitigation funds will be used for the purchase and expenses of Hubway bikeshare equipment.

Information

Department:City Manager's Office, LADSponsors:
Category:Appropriation

Attachments

  1. Printout

Body

I am hereby requesting the appropriation of $489,780 associated with the Hubway Bike Share Equipment from the Mitigation Revenue Stabilization Fund to the Public Investment Fund Community Development Extraordinary Expenditures account. These mitigation funds will be used for the purchase and expenses of Hubway bikeshare equipment.

 

Source

Amount

Date Received

Northpoint

$125,817.00

6/28/2016

Urban Spaces (First St)

$50,000.00

11/17/2016

88 Cambridge Park Drive

$125,817.00

6/29/2016

MIT

$138,146.00

1/17/2017

95 Fawcett Street

$50,000.00

1/17/2017

TOTAL:

$489,780.00

 

 

The Hubway system launched successfully in July of 2012 in Cambridge and currently has more than 3500 Cambridge residents, employees and students as members.  Over 6 million trips have been taken since Hubway launched. In 2017, five Cambridge Hubway stations were added to the system for a total of 49 stations in the City and 192 in the four Hubway communities combined.

These funds will contribute to the purchase, installation and maintenance of stations and bicycles at the locations identified above. 

Meeting History

Dec 11, 2017 5:30 PM  City Council Regular Meeting
draft Draft

7-0-2

RESULT:ORDER ADOPTED [7 TO 0]
YEAS:Leland Cheung, Jan Devereux, Craig A. Kelley, David P. Maher, Marc C. McGovern, Timothy J. Toomey, E. Denise Simmons
ABSENT:Dennis J. Carlone, Nadeem A. Mazen