THE EVERETT ADVOCATE – FRIDAY, JULY 3, 2020 Page 15 City of Everett begins construction on new tennis facility T he City of Everett has offi cially begun construction on a new state-of-the-art tennis facility at Rossetti Park. In Mayor Carlo DeMaria’s January “State of the City” speech, he promised the building of new tennis courts, which will allow the Everett School tennis team to host statewide tournaments in Everett. “The addition of the tennis facility is really good for the community, especially the high school tennis team,” said Mayor DeMaria. “It’ll be good for the kids to host matches on their home tennis court in front of their families and friends.” The new park will have four regulation sized tennis courts, and it will be lit at night so games can be held. Additionally, the park will feature a small dog park area, a pergola with seating, a pickle ball court, a drinking fountain, plantings and trees. There will also be all new fencing. The Rossetti budget was $1.1 million. Marini Corp is doing the construction and Bohler Engineering completed the design work. The estimated completion of the new facility is in fall 2020. "YOUR FINANCIAL FOCUS" Joseph D. Cataldo PAYCHECK PROTECTION PROGRAM EXTENSION The United States Senate unanimously passed a fiveweek extension of the Paycheck Protection Program (PPP) Tuesday night, June 30, 2020. The program was scheduled to close as of midnight on June 30th. The House of Representatives and the President still need to sign off on the extension. They are expected to act swiftly as well. This extension is intended to provide small businesses with additional time to apply for a forgivable loan under the PPP. There is still $129 billion left in PPP funding. The United States Small Business Administration (SBA), which oversees the program on behalf of the Treasury Department, ceased accepting applications as of midnight on Tuesday, June 30th. The plan approved by the United States Senate extends the deadline for applying until August 8, 2020. Senator Marco Rubio did state that the vast majority of small businesses that wanted to take advantage of the PPP funds, have already done so. He is the chairman of the Senate Small Business Committee. He did state that he would like to target certain businesses that he believes need a second round of PPP aid. As of June 30th, the SBA had approved approximately $4.9 million loans amounting to more than $520 billion. Congress designed the PPP loans in order to support businesses and other organizations facing economic hardships created by the coronavirus pandemic and assist them in continuing to pay employee salaries. PPP loan recipients can have their loans forgiven in full if the monies were used for eligible expenses and if other criteria are met. The amount of loan forgiveness may be reduced based upon the percentage of eligible costs attributed to non-payroll costs, any decrease in employee headcount, and decreases in salaries or wages per employee. Revised forms and instructions are available on the SBA website. The new EZ form can be used by many businesses in order to apply for forgiveness. It is signifi cantly easier to complete than the first application the SBA had come out with. Joseph D. Cataldo is an estate planning/elder law attorney, Certifi ed Public Accountant, registered investment advisor, AICPA Personal Financial Specialist and holds a masters degree in taxation. LAW OFFICES OF JOSEPH D. CATALDO, P.C. “ATTORNEYS AND COUNSELORS AT LAW” ESTATE/MEDICAID PLANNING WEALTH MANAGEMENT WILLS/TRUSTS/ESTATES RETIREMENT PLANNING INCOME TAX PREPARATION ELDER LAW 369 Broadway, Everett, MA 02149 (617)-381-9600 JOSEPH D. CATALDO, CPA, MST, PFS, ESQUIRE. AICPA Personal Financial Specialist Designee McGonagle, House Vote to Establish Juneteenth as State Holiday B OSTON—Last week, Rep. Joe McGonagle and his colleagues in the House of Representatives voted to establish Juneteenth Independence Day on June 19th as a State Holiday in Massachusetts. This date marks the day in 1865 when the enslaved people of Galveston, Texas, learned they were free and effectively ended slavery in the United States. “Amid all the heartbreak and tragedy, I believe this stands as a reason to celebrate and be proud of our state legislature for swiftly taking this action,” said McGonagle. “House leadership and Rep. Bud Williams prioritized marking this day and I am humbled to be a part of the body that designated Juneteenth as a day to be remembered and celebrated for generations to come. I also want to thanks my colleagues in the Black and Latino Caucus for putting this matter at the forefront of our obligations.” Everett resident named to Dean’s List at American International College S PRINGFIELD – Yasmeen Guerrier, of Everett, has been named to the Dean’s List at American International College for the spring semester of the 2019-2020 academic year. Dean’s List students are full-time students who have achieved a 3.3 to 4.0 grade point average. The College commends the extraordinary achievement and commitment of this scholar’s accomplishment during this unprecedented time. Massort Noise Complaint Line: 617-561-3333 J& $45 yd. S LANDSCAPE & MASONRY CO. MULCH SALE! Discount Spring Special PICK-UP or DELIVERY AVAILABLE 617-389-1490 Premium Hemlock or Pitch Black BELOW WHOLESALE COSTS LANDSCAPERS WELCOME $4 yd. $40 yd. $3 yd.
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