CITY OF WORCESTER PROPOSED LOAN ORDER

CITY OF WORCESTER PROPOSED LOAN ORDER The City Council of the City of Worcester at a meeting held in City Hall on June 16, 2026 voted to advertise the following on a roll call vote of Eleven Yeas and No Nays: LOAN ORDER (Capital Improvements & Purchases) Ordered: That the sum of Forty Three Million Four Hundred Sixty Eight Thousand Four Hundred Sixteen Dollars and No Cents ($43,468,416.00) be appropriated to the following accounts to pay for costs associated with the following capital improvements, planning and equipment, as well as any related architectural and engineering services in connection therewith, and including any costs incidental or related thereto; provided however, that the City of Worcester may change the account numbers listed below and/or move funds from one account to another for administrative purposes without further amendment or approval from this Council, provided that such change and/or move does not alter the project for which the funds are hereby authorized to be expended: Account Number Description Amount LO-1468 Citywide Building Rehabilitation $ 7,050,000 LO-1469 Citywide Capital Equipment $ 11,018,416 LO-1470 Worcester Public Schools Building Rehabilitation $ 3,500,000 LO-1471 Worcester Public Schools Capital Equipment $ 500,000 LO-1472 Street Light Improvements $ 1,200,000 LO-1473 Street & Sidewalk Construction $ 14,900,000 LO-1474 Parks Improvements $ 1,600,000 LO-1475 Sewer Building Rehabilitation $ 3,000,000 LO-1476 Union Station Rehabilitation $ 700,000 Total $ 43,468,416 That to meet this appropriation the City Treasurer, with the approval of the City Manager, is authorized to borrow the sum of Forty Three Million Four Hundred Sixty Eight Thousand Four Hundred Sixteen Dollars and No Cents ($43,468,416.00) under and pursuant to Chapter 44 of the General Laws, or any other enabling authority, and to issue bonds or notes of the City therefor. PO 3051 July10, 2026 July 10 2026 LNEO0546625