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Council hears proposal to finance Merrick Boulevard extension (Ordinance 25‑58); project tied to TIF/NCA revenues

Delaware City Council · October 27, 2025

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Summary

Council reviewed Ordinance 25‑58 proposing up to $8.5 million in notes to finance construction of the Merrick Boulevard extension. Staff said the debt service will be reimbursed through payments‑in‑lieu/TIFs and by a new community authority; construction bidding is scheduled for late 2025 with work in 2026. Council deferred final action.

City staff presented Ordinance 25‑58 on Oct. 27, proposing issuance of notes up to $8,500,000 in anticipation of bonds to pay construction costs for the Merrick Boulevard extension.

Staff explained this ordinance covers the construction phase and is included in the 2026 Capital Improvement…

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