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Derby water company board authorizes $200,718.73 dividend to City of Derby
3089036 · April 22, 2025
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Summary
In a separate water company meeting following the council session, the board authorized payment of a $200,718.73 dividend to the City of Derby as sole stockholder; vote was unanimous.
After the city council meeting the board of the Derby Water Company met and authorized an April dividend of $200,718.73 to the City of Derby, the company’s sole stockholder.
A motion to authorize payment of the dividend was made and seconded in the water company meeting; the board voted 7‑0 to approve the payment. The action was recorded during the company’s regular meeting that followed the council session and is now authorized for payment to the city.
