Cheshire News http://www.cheshirect.org 2019-07-11T17:31:57 umbraco v4 All the latest news from the city of cheshire en Linear Trail Repairs http://www.cheshirect.org/news/linear-trail-repairs/ 2019-07-11T17:31:57 Arnett Talbot http://www.cheshirect.org/news/linear-trail-repairs/ A Town-hired contractor will be repairing the cracks in the Linear Trail between Cornwall Avenue and Mount Sanford Road this summer.  The Trail will remain open, although people will need to pass around construction areas single file on the shoulder of the trail.  The contractor will put up cones and signage to provide direction and ensure public safety.

 

This repair work will begin soon.  It will be conducted on weekdays only, and completion is expected by the end of August.  We are looking forward to this improvement to our Linear Trail, and we thank the public for your patience and cooperation.  

]]>
A Town-hired contractor will be repairing the cracks in the Linear Trail between Cornwall Avenue and Mount Sanford Road this summer.  The Trail will remain open, although people will need to pass around construction areas single file on the shoulder of the trail.  The contractor will put up cones and signage to provide direction and ensure public safety.

 

This repair work will begin soon.  It will be conducted on weekdays only, and completion is expected by the end of August.  We are looking forward to this improvement to our Linear Trail, and we thank the public for your patience and cooperation.  

]]>
Bulky Waste Collection 2019 http://www.cheshirect.org/news/bulky-waste-collection-2019/ 2019-06-25T09:06:02 Arnett Talbot http://www.cheshirect.org/news/bulky-waste-collection-2019/ 2019 Bulky Waste Curbside Collection Schedule

 

     September 23 to 27 – households with Monday trash collection

     September 30 to October 4 – households with Tuesday trash collection

     October 7 to 11 – households with Wednesday trash collection

     October 14 to 18 – households with Thursday trash collection

     October 21 to 25 – households with Friday trash collection

     Week of October 28 – make-up week

 

Click here for collection schedule map

 

Items should be place curbside before the Monday morning of the assigned collection week.  

Please keep items off the roadway and at least three feet from trash and recycling collection bins.

 

LIST OF ACCEPTED AND NOT ACCEPTED ITEMS

 

]]>
2019 Bulky Waste Curbside Collection Schedule

 

     September 23 to 27 – households with Monday trash collection

     September 30 to October 4 – households with Tuesday trash collection

     October 7 to 11 – households with Wednesday trash collection

     October 14 to 18 – households with Thursday trash collection

     October 21 to 25 – households with Friday trash collection

     Week of October 28 – make-up week

 

Click here for collection schedule map

 

Items should be place curbside before the Monday morning of the assigned collection week.  

Please keep items off the roadway and at least three feet from trash and recycling collection bins.

 

LIST OF ACCEPTED AND NOT ACCEPTED ITEMS

 

]]>
16th Safest City in U.S. http://www.cheshirect.org/news/16th-safest-city-in-us/ 2019-04-01T11:57:02 Arnett Talbot http://www.cheshirect.org/news/16th-safest-city-in-us/ Safewise has ranked Cheshire as the 16th Safest City in the U.S. in their 2019 designations.  Thanks to our public safety professionals and all our residents who help keep Cheshire safe!]]> Safewise has ranked Cheshire as the 16th Safest City in the U.S. in their 2019 designations.  Thanks to our public safety professionals and all our residents who help keep Cheshire safe!]]> Top Credit Ratings, Successful Bond Sale http://www.cheshirect.org/news/top-credit-ratings-successful-bond-sale/ 2019-02-21T17:54:43 Arnett Talbot http://www.cheshirect.org/news/top-credit-ratings-successful-bond-sale/ TOWN OF CHESHIRE

PRESS RELEASE

 

            Great Results for Cheshire Bond Sale on Heels of Strong Rating Reports

 

CHESHIRE, Conn. – Town officials announced positive results from Wednesday’s $14.5 million bond sale, which yielded competitive interest rates on the strength of solid reviews from S&P Global and Fitch Ratings, two of the three major Wall Street Rating Agency firms.

 

“It is great to see these results and the fact that our bonds were in such a high demand,” said Town Manager Sean Kimball, “We are very pleased with these low rates as they keep our debt service costs, and the burden on the taxpayers, as low as possible.”

 

The Town received a total of twelve bids on the Bonds, with BNY Mellon submitting the winning bid.  BNY Mellon beat out firms such as Bank of America Merrill Lynch, Citi, Janney Montgomery Scott, and Morgan Stanley, among many others.

 

The interest rates bid on the bonds ranged from a winning bid of 2.71% to a high bid of 2.91%. It was a tightly contested competitive sale with bids from the top seven firms within a range of only 8 basis points (0.08%).  The bonds will provide the financing for the Town’s various school, general purpose and sewer projects.

 

“The sale results were driven by the Town’s exceptional credit ratings and prudent long term financial management.  Many issuers would be happy with three or four bids; getting twelve is about as good as it gets,” said Matthew Spoerndle, senior managing director of Phoenix Advisors and Cheshire’s municipal advisor. “The rating agencies continue to recognize the work town officials have done to keep Cheshire’s fiscal health strong over the years.”

 

Both S&P and Fitch affirmed Cheshire’s “AAA” ratings, which is the highest rating available.  Within the report, S&P referenced the Town’s “very strong economy” and “very strong liquidity and strong budgetary performance and flexibility” and noted the Town’s low unemployment rate and healthy building permit growth.  Fitch also highlighted the Town’s long term liabilities (debt & pensions) as being “low” with moderate future borrowing plans based on its capital plan, which is favorably viewed.

 

Finally, S&P mentioned that they view management as “strong, with good financial policies” under their Financial Management Assessment while Fitch touted management’s ability to address recent fiscal strains as a result of the state economic downturn through cost controls, and other measures.

 

The settlement date for the sale is March 6, 2019, after which the funds become available to the Town.

]]>
TOWN OF CHESHIRE

PRESS RELEASE

 

            Great Results for Cheshire Bond Sale on Heels of Strong Rating Reports

 

CHESHIRE, Conn. – Town officials announced positive results from Wednesday’s $14.5 million bond sale, which yielded competitive interest rates on the strength of solid reviews from S&P Global and Fitch Ratings, two of the three major Wall Street Rating Agency firms.

 

“It is great to see these results and the fact that our bonds were in such a high demand,” said Town Manager Sean Kimball, “We are very pleased with these low rates as they keep our debt service costs, and the burden on the taxpayers, as low as possible.”

 

The Town received a total of twelve bids on the Bonds, with BNY Mellon submitting the winning bid.  BNY Mellon beat out firms such as Bank of America Merrill Lynch, Citi, Janney Montgomery Scott, and Morgan Stanley, among many others.

 

The interest rates bid on the bonds ranged from a winning bid of 2.71% to a high bid of 2.91%. It was a tightly contested competitive sale with bids from the top seven firms within a range of only 8 basis points (0.08%).  The bonds will provide the financing for the Town’s various school, general purpose and sewer projects.

 

“The sale results were driven by the Town’s exceptional credit ratings and prudent long term financial management.  Many issuers would be happy with three or four bids; getting twelve is about as good as it gets,” said Matthew Spoerndle, senior managing director of Phoenix Advisors and Cheshire’s municipal advisor. “The rating agencies continue to recognize the work town officials have done to keep Cheshire’s fiscal health strong over the years.”

 

Both S&P and Fitch affirmed Cheshire’s “AAA” ratings, which is the highest rating available.  Within the report, S&P referenced the Town’s “very strong economy” and “very strong liquidity and strong budgetary performance and flexibility” and noted the Town’s low unemployment rate and healthy building permit growth.  Fitch also highlighted the Town’s long term liabilities (debt & pensions) as being “low” with moderate future borrowing plans based on its capital plan, which is favorably viewed.

 

Finally, S&P mentioned that they view management as “strong, with good financial policies” under their Financial Management Assessment while Fitch touted management’s ability to address recent fiscal strains as a result of the state economic downturn through cost controls, and other measures.

 

The settlement date for the sale is March 6, 2019, after which the funds become available to the Town.

]]>
17-18 Comprehensive Annual Financial Report http://www.cheshirect.org/news/17-18-comprehensive-annual-financial-report/ 2019-01-31T16:49:13 Arnett Talbot http://www.cheshirect.org/news/17-18-comprehensive-annual-financial-report/ The Town of Cheshire's Fiscal Year 17-18 Comprehensive Annual Financial Report (audit) is available here.]]> The Town of Cheshire's Fiscal Year 17-18 Comprehensive Annual Financial Report (audit) is available here.]]>