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July 9, 2019

Bond Sale

July 9, 2019

Bond Sale

December 31, 2019

Comprehensive Annual Financial Report (CAFR) is due December 31st.

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

June 5, 2019

News
Danbury Among Top U.S. Cities: New Report

DANBURY, CT —Danbury is among the top 50 cities in the U.S. with populations of less than a million, according to a new study. The report is from Resonance Consultancy, a marketing firm that specializes in destination branding. Resonance placed Danbury 43rd in its "small city" rankings. Danbury was ranked number 3 among small cities in the category of "people," right behind Ann Arbor, MI, and Boulder, CO, and number eight for "prosperity."

By Rich Kirby, Patch Staff | Jun 5, 2019 5:30 pm ET | Updated Jun 5, 2019 6:28 pm ET

May 7, 2019

News
The Best 5 Cities in Connecticut to Start a Business, Ranked

Local business is incredibly important in Connecticut: Small businesses make up 97% of Connecticut’s total businesses, and employ almost half of the state’s private workforce. And Connecticut takes small-business promotion seriously, offering a range of state-specific small business financing programs and Connecticut tax incentives that encourage business investment.

Connecticut is a promising state in which to start a small business—but where should you do it? Out of 169 towns and cities in the state, we found the five best cities in Connecticut to start a small business.

Danbury made #4 on this list!

April 10, 2019

News
Danbury Named to 'Most Diverse' List of US Cities

DANBURY, CT — A financial website compared the profiles of cities across 5 major diversity categories.  Danbury has just been named among the most diverse in the nation by a financial website.

The rankings also place Danbury as the most diverse city in the State of Connecticut and the 4th Most Diverse Small City in America. WalletHub compares the profiles of each city across five major diversity categories including socioeconomic, cultural, economic, household, and religion.

April 9, 2019

News
Danbury Mayor Mark Boughton Wants a new Metro-North link to Harlem Line for Faster Commute to New York City

Gov. Ned Lamont is not the only Connecticut politician clamoring for a new level of express train service from Connecticut to New York City.

Danbury Mayor Mark Boughton wants to use an abandoned commuter rail line to connect his city with Metro-North’s Harlem Line, which he said could save up to an hour on the commute to Grand Central Terminal.

It’s known as the Maybrook Line and it once served Danbury, Bethel, Newtown and Derby in Connecticut and Putnam, Dutchess and Orange counties in New York when it opened in the late 1880s.

April 3, 2019

News
No Tax Increase!

Mayor Mark Boughton is proposing a zero tax increase to your property taxes for the 2019-2020 fiscal year. #zerotaxincrease

This budget adds $5.1 million to our schools, $4.7 million for road repair/paving, and widely increases public safety measures throughout the city - with no change to the mill rate.

March 27, 2019

News
New Stores and Restaurants Planned for Danbury Fair Mall

For the first time in a decade, the Danbury Fair Mall is looking at expansion.

Another building is being planned for the access drive that circles the mall which would measure 22,000 square feet. In the process, 100 parking spaces would be eaten up for the expansion. According to Danbury Fair owners, Macerish,  96% of the mall's space is occupied which is up 4% over last year. If you could choose which stores are added to the Danbury Fair Mall expansion project, what would they be?

Ethan Carey; i95Rock.com| March 27, 2019

March 26, 2019

News
Two New Buildings Eyed for Danbury Fair Mall

In what could be Danbury Fair mall’s first significant addition in more than a decade, a pair of new structures are under consideration for the Macy’s corner of the retail center, with the goal of filling in new stores, restaurants or entertainment in the immediate orbit of the department store.

As the case at many malls nationally, Macy’s owns its anchor pad at Danbury Fair mall, with the city appraising the nearly 300,000-square-foot department store and its land at $17.4 million as of 2017.

February 14, 2019

News
Boughton to Amazon: Will you be Danbury’s valentine?

DANBURY — Mayor Mark Boughton courted a gigantic valentine this year with the news Thursday morning that Amazon is canceling its plans to build a second world headquarters in New York.

The social media-savvy mayor re-posted his cheeky video pitch to bring the global online commerce giant’s offices to Danbury with a Valentine’s Day twist.

Boughton and the city produced the video in 2017 when Amazon announced it was seeking applications from cities on where to locate its second headquarters offices. The video ends with Boughton standing in front of a stack of Amazon packages, asking an Amazon Echo device where the new headquarters should go. 

Related Articles: 

https://www.danbury-ct.gov/danbury-makes-pitch-amazon-second-headquarters/

https://www.newstimes.com/local/article/Boughton-asks-where-Amazon-should-locate-new-HQ-12197887.php

November 6, 2018

News
Danbury Leads CT in 5-Year Job Growth; 41st in Ranking of 50 States’ Leaders

When job growth is measured over the past five years, Danbury leads the way in Connecticut. An analysis of changes in employment figures between 2013 and 2018 from the 381 metropolitan areas defined by the U.S. Census Bureau focused on the leading city in each state, and ranked them. The analysis, by the website howmuch.net, found that Danbury - which saw job growth of 6.6 percent - outpaced Connecticut’s largest cities, but that the leading city in 40 of the 50 states had a stronger track-record.

April 29, 2018

News
Diverse Economy Fuels Danbury Job Market

“In many ways, Danbury is the forgotten city in Fairfield County up north here,” said P.J. Prunty, executive director of the Greater Danbury Chamber of Commerce. “These statistics show that people are attracted to a city that has opportunity and good employment. It’s growing, and that’s a good thing. People are voting with their feet by moving here.”

The Danbury Labor Market Area boasts the lowest unemployment rate of the nine LMAs in the state. At 3.9 percent, the Danbury LMA outpaces the state unemployment rate of 4.5 and also tops the U.S. rate of 4.1 percent.

February 13, 2018

News
Danbury Named Best City to Live in Connecticut

DANBURY -A new list has been released of the best cities to live in every state, and the top city in Connecticut is Danbury.

According to 24/7 Wall Street, Danbury is also one of the most expensive places in the U.S. Goods and services cost an average of over 30 percent more in the area than they do nationwide.

Even though the city has a high cost of living, it's the most livable city in the state and one of the most livable cities in the U.S. Danbury boasts a higher concentration of restaurants, theater companies and sports teams than is typical nationwide. The city also has a high concentration of nature parks, recreation centers, and golf courses.

News
Danbury is Among Connecticut's 25 Safest Large Cities

Large cities are based on a population of at least 36,000 residents. Danbury is the #11 Safest City in Connecticut. The 25 safest cities in Connecticut all have impressive safety ratings, ranging from 92.71 to 62.45. The overall crime stats in this state are on the lower end compared to the national averages. Most of the cities in Connecticut have been seeing a decline in violent and property crimes, or no change at all to their already low crime rates.