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Denver committee forwards $410 million Vibrant Denver bond issuance and TriUnity program‑management contract to full council
Summary
The finance and business committee voted to forward an ordinance to issue two series of Vibrant Denver bonds totaling $410 million and a resolution approving a seven‑year, $45 million program‑management contract with TriUnity Inc.; officials described timelines, tax‑exempt spend rules and a 20% MWBE participation goal.
The Finance and Business Committee of the Denver City Council on Jan. 13 voted to forward to the full council an ordinance to issue two series of Vibrant Denver bonds totaling $410,000,000 and a resolution to approve a proposed program‑management contract with TriUnity Inc.
Patrick Reilly, bond program manager in the Department of Finance, told the committee the first issuance is sized to keep the city on track to deliver the six‑year Vibrant Denver program. "For this first issuance, we are looking at $410,000,000," Reilly said. He said the issuance will be split between tax‑exempt and taxable series to meet federal private‑use rules and local delivery needs.
The presenters framed the bond rollout around three mayoral commitments announced Nov. 5: projects should begin advancing to their next stage in 2026 (community engagement, design or construction as appropriate), a public project dashboard by 2026 and project completion and public opening by Dec. 31, 2031. Reilly outlined a schedule that contemplates a market sale and a closing in early March 2026, subject to standard…
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