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City of Danbury
Investor Relations
David W. St. Hilaire, Director of Finance
About
Learn about City of Danbury, including Danbury in the News, Key Projects, and Our Team.
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- Population
- 85,246
- Bond Ratings
- Aa1/AA+/AAA
Source
- Total Bonded Debt Outstanding
- $196.2 Million
Source
City of Danbury's Mission Statement
The City of Danbury’s mission is to ensure a superior quality of life for its citizens by providing the most cost effective municipal services while preserving the cultural, historical and natural resources of the city. We are committed to working with citizens to enhance Danbury’s position as a premier place to live, work, and raise a family in a traditional yet progressive community.
Danbury in the News
July 9, 2019
News
City of Danbury Bond Sale Scheduled for July 9th, 2019
The City of Danbury will issue BANs and Bonds July 9th, 2019.
$7,000,000 | General Obligation Bonds, Issue of 2019
Dated: Date of Delivery
Due: Serially on July 15, 2020-2029, as detailed inside this front cover.
The Bonds will bear interest payable January 15, 2020 and semiannually thereafter on July 15 and January 15 in
each year until maturity or earlier redemption. The Bonds are issuable only as fully registered bonds, without coupons, and, when issued, will be registered in the name of Cede & Co., as bondowner and nominee for The Depository Trust Company (''DTC''), New York, New York. DTC will act as securities depository for the Bonds. Purchases of the Bonds will be made in book-entry form, in the denomination of $5,000 or any integral multiple thereof. Purchasers will not receive certificates representing their ownership interest in the Bonds. So long as Cede & Co. is the Bondowner, as nominee of DTC, reference herein to the Bondowner or owners shall mean Cede & Co., as aforesaid, and shall not mean the Beneficial Owners (as defined herein) of the Bonds. See ''Book-Entry-Only Transfer System'' herein.
The Bonds are subject to redemption prior to maturity as described herein. (See “Redemption Provisions”).
Electronic bids via PARITY for the Bonds will be received until 11:30 A.M. (E.D.T.) on Tuesday, July 9, 2019
at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810.
$13,000,000
General Obligation Bond Anticipation Notes
Dated: July 18, 2019 Due: July 16, 2020
The Notes will be issued in book-entry-only form and will bear interest at such rate or rates per annum as are
specified by the successful bidder or bidders as set forth on the inside front cover, in accordance with the Notice of Sale dated July 1, 2019. The Notes, when issued, will be registered in the name of Cede & Co., as Noteowner and nominee for DTC, New York, New York. See "Book-Entry-Only Transfer System" herein. The Notes are NOT subject to redemption.
Sealed proposals and electronic bids via PARITY for the Notes will be received until 11:00 A.M. (E.D.T.) on
Tuesday, July 9, 2019 at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810. Telephone bids will be received by an authorized agent of Phoenix Advisors, LLC, the City’s Municipal Advisor, until 11:00 A.M. on the day of the sale at 203-797-4652.
June 18, 2019
News
City of Danbury's Preliminary Official Statement Available
The City of Danbury's Preliminary Official Statement, dated July 1, 2019 is available.
Key Information:
General Obligation Bonds, Issue of 2019 : $7,000,000 (Due: Serially on July 15, 2020-2029)
Electronic bids via PARITY for the Bonds will be received until 11:30 A.M. (E.D.T.) on Tuesday, July 9, 2019
at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810.
_General Obligation Bond Anticipation Notes: $13,000,000 _ (Due: July 16, 2020)
Sealed proposals and electronic bids via PARITY for the Notes will be received until 11:00 A.M. (E.D.T.) on
Tuesday, July 9, 2019 at Danbury City Hall, Finance Department Conference Room, 155 Deer Hill Avenue, Danbury, Connecticut 06810. Telephone bids will be received by an authorized agent of Phoenix Advisors, LLC, the City’s Municipal Advisor, until 11:00 A.M. on the day of the sale at 203-797-4652.
Please Note: The “Final Official Statement” will be posted no later than July 1st, 2019.
June 16, 2019
News
New Apartments Coming to Main Street in Danbury
The $13-million, 150-apartment complex is slated to begin construction in the fall.
DANBURY, CT — A developer's plan to replace the 60,000-square-foot former News-Times building with a six-story apartment complex received city land-use approvals last week, the News-Times is reporting.
The $13-million, 150-apartment complex is slated to begin construction in the fall. The building, located at 333 Main St., is across the street from the 275-unit Kennedy Flats. That 10-acre residential complex was 90 percent rented last year when it was sold by the developer Greystar for $86 million.
Construction of the new apartments is expected to take 18 months, following the demolition of the existing building, which could now begin in as soon as a month.
By Rich Kirby, Patch Staff | Jun 17, 2019 8:57 am ET
Key Projects
Danbury High School Addition and Renovations
**Project Update: **
The Danbury High School Construction Project Addition, (Danbury Freshman Academy High School) has been completed and its Ribbon Cutting Ceremony was held August 2018.
The Danbury High School Construction Project Addition cost was $50 million dollars, and approximately 64,000 square feet, including three floors, adding 26 classrooms, a new gymnasium and a 9,000 square foot Performing Arts Building.
Danbury High School Tennis Courts
New tennis courts constructed at Danbury High School are manufactured with "post tension concrete". This type of concrete construction lengthens the life of concrete by pre-stressing the concrete with lineal cables running through the slab in a grid pattern. By adding tension to these cables, it make the concrete stronger, extending its life and reduces cracking.
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Reservoir Street Culvert Replacement
The Reservoir Street Culvert Replacement project was the full replacement of a culvert which reached the end of its useful life span. The culvert dissects Reservoir Street in the south portion of Danbury near the Bethel town line. The box culvert was completed ahead of schedule and within budget. This is a heavily traveled roadway with over 2000 trips per day and is a vital artery connecting the two municipalities. In addition to the culvert replacement, the roadway area has been widened at the intersection. Reservoir Road has been improved with resurfacing throughout the roadway.
Tarrywile Dam Repair
The Tarrywile Dam is in need of concrete repair which requires lowering of the water level of the Tarrywile Pond to make necessary restoration of the concrete face, the top of the dam, and the spill way. A fence was also installed along the top of the dam to insure the safety of park goers.