Danbury, Connecticut, has launched an investor relations website, BuyDanburyBonds.com, in advance of Tuesday’s $39 million sale of bonds and notes.
The sale will include $23.5 million in bond anticipation notes and $15.5 million of general obligation bonds, both competitive. Closing is scheduled for July 18.
Boston-based Bond Link designed the new site, which Danbury Mayor Mark Boughton said is intended to drive participation in the city’s municipal bond financing programs and add transparency for bondholders and potential investors.
The city adopted a $259 million budget for fiscal 2019, with general-fund spending up $6.5 million, or roughly 2.6%. Spending focused on education, public safety, public works and health and human services.
“Investing and developing a cost-effective plan for the delivery of these municipal services has been a necessary, but arduous task,” Boughton said.
Read more about the launch of the city's latest website and bond sale's pitch over at the Bond Buyer website.
On September 26, 2007, ten plaintiffs filed suit in response to an arrest of aday laborers at a public park in Danbury, Connecticut. Plaintiffs amended their complaint on November 26, 2007.
The amended complaint states that plaintiffs sought to remedy the continued discriminatory and unauthorized enforcement of federal immigration laws against the Latino residents of the City of Danbury by Danbury's mayor and its police department.
Plaintiffs allege that the arrests violated their Fourth Amendment rights and the Connecticut Constitution because defendants conducted the arrests without valid warrants, in the absence of exigent circumstances, and without probable cause to believe that plaintiffs were engaged in unlawful activity. In addition, plaintiffs allege that defendants improperly stopped, detained, investigated, searched and arrested plaintiffs. Plaintiffs also allege that defendants violated their Fourteenth Amendment rights when they intentionally targeted plaintiffs, and arrested and detained them on the basis of their race, ethnicity and perceived national origin. Plaintiffs raise First Amendment, Due Process and tort claims.
Plaintiffs request declaratory relief, damages and attorneys fees.