Government & Politics
Darien Issues $3.1M Bond for Short Lane Property, Police Boat, Etc [Updated]
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Darien First Selectman Jayme Stevenson and Finance Director Kathleen Buch announced that the town got a good interest rate of 1.739% on a $3.135 million bond just issued to pay for various town projects. The interest rate was kept lower than those of most other government bonds by the town’s Triple-A bond rating, just reaffirmed by Moody’s. The bond will pay for the purchase of a property on Short Lane, a new police boat, a heating system for the Darien Public Schools district administration office at 35 Leroy Ave. and various paving projects. Update, 4:28 p.m.:
The $3,150,000 finances these particular projects (quotations are from the bond Official Statement):
Acquisition of 4 Short Lane — $1,925,000 (already paid through a note issued by the town which has been “rolled into” this bond, according to Buch) — “On Jan.