Lowell — The Lowell City Council on Feb. 24 approved several agenda items by roll call votes, including a $138,600 Massachusetts Cultural Council grant and a bundle of measures covering a cultural-district grant, a net metering credit sales agreement, a notice of hearing for 48 Kinsman Street, a school-bus violation stabilization fund, and demolition funding transfers.
CFO Baldwin briefed the council on finances tied to the bundled votes and explained that proceeds from the sale of a city property (the old firehouse) created sufficient proceeds in a special-revenue fund to pay for additional demolitions; the city intends to attach demolition liens to affected parcels so costs can be recovered if properties are later sold. "We will attach a demolition lien to the property," Baldwin said, adding that the city has used the practice before.
On renewable energy, the council heard a presentation from the city's energy lead on a long-term net metering credit arrangement that would allow Lowell to buy credits at a discount and apply them to municipal electrical accounts. The presenter said the city has saved roughly $4.1 million from existing net metering agreements over the past 12 1/2 years and estimated the proposed program would save the city roughly $600,000 to $900,000 annually, with an average estimate near $750,000 depending on solar production and credit value.
Council also voted to accept and expend $138,600 from the Massachusetts Cultural Council for local programs and to establish a special stabilization fund for school-bus violations and related transportation expenses. The stabilization fund will receive automated receipts from fines and will require a future appropriation vote if the council chooses to spend from it.
Separately, the city announced it had won a Targeted District Initiative (TDI) fellowship for Cambodia Town. City staff said MassDevelopment will hire and place a full-time fellow to work with local partners on small-business grants, public-art projects and district improvements; partners will help select the fellow and set project priorities.
What’s next: Staff will advertise the public hearing for 48 Kinsman Street, implement the net metering agreement with a target for credits going live in 2027, and bring updates to the council on demolition liens and stabilization-fund receipts.
Key quotes: "We think the average will probably be closer to $750,000," said the city's energy lead estimating net-metering savings. CFO Baldwin: "We will attach a demolition lien to the property," describing how the city recovers demolition costs.