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Derby council ratifies sale of $18.815 million in general obligation bonds and $8.4 million in temporary notes
Summary
Derby City Council ratified the sale of general obligation bonds Series 2025‑A and temporary notes Series 2025‑1 to fund park work, building automation upgrades and design/construction of the senior center and other city building projects.
Derby City Council on April 22 ratified the previously negotiated sale of $18,815,000 in general obligation bonds (Series 2025‑A) and $8,400,000 in temporary notes (Series 2025‑1), action the mayor had already signed after competitive bids met the parameters set by the council.
The bond proceeds will finance Dukarski Park Phase 2 and building automation improvements at several city facilities, while the temporary notes will pay for senior center design and construction and design work for city hall and the…
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