Middletown Council To Consider $68.4 Million In Bonds For Schools, Downtown Parking

MIDDLETOWN, CT — The Middletown Common Council is scheduled to consider borrowing $68.4 million for two major capital projects during a special meeting Aug. 20.

The council will conduct a public hearing before considering two bond ordinance appropriations, according to the meeting agenda.

The first proposal would appropriate $30.426 million for Phase I of the Middletown Public Schools Districtwide Infrastructure Project. The ordinance would authorize the city to issue $30.426 million in bonds to fund the appropriation.

The proposal also would authorize temporary borrowing for the project while the bonds are being issued.

The second proposal would appropriate $38 million for a downtown area parking facility project. The ordinance would authorize the city to issue $38 million in bonds for the project and allow temporary borrowing pending the issuance of the bonds.

Combined, the two proposed appropriations total $68.426 million in authorized borrowing.

The Common Council's special meeting is scheduled for Aug. 20. The agenda calls for a public hearing on the agenda items before the council considers the bond ordinances.

The agenda excerpts do not provide additional details about the scope, location or anticipated construction schedule for either project.