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City of Danbury Investor Relations

Issuer Type: County/City/Town

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General Obligation

Moody's
Aa1

General Obligation

S&P
AA+

General Obligation

Fitch
AAA
David W. St. Hilaire

On behalf of the City of Danbury, I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the city, as it allows us to make critical investments in public infrastructure throughout Danbury. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.

I hope you find this website useful as you seek to better understand the credit fundamentals of the city. Please do not hesitate to contact our office with suggestions for how we can be doing better. Thanks again for your interest in our bond program.

David W. St. Hilaire, Director of Finance

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.

Read Article

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.

Read Article

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
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