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HARTFORD ENTERS INTO DEVELOPMENT AGREEMENT WITH DOWNTOWN NORTH DEVELOPER

HARTFORD ENTERS INTO DEVELOPMENT AGREEMENT WITH DOWNTOWN NORTH DEVELOPER

HARTFORD, CONN (March 4, 2020)– Today the City of Hartford announced that it has formally entered into a development agreement with RMS Companies for the development of City-owned parcels around Dunkin’ Donuts Park. The first phase of the development, Parcel C, which borders Trumbull Street and Main Street, is expected to begin this Spring. This phase will include more than 200 residential units, 11,000 square feet of retail and flex space, and a structured parking garage with approximately 250 parking spaces. The estimated cost for this phase is $50 million. 

“Four years ago, we inherited an off-the-rails stadium construction project, and many people doubted whether the broader development project would ever move forward. We stood our ground and fought hard to clear a path, and thanks to the hard work of our team and the patience and commitment of our new partner, we will soon see the first phase of construction begin on one of the most significant development projects in decades,” said Mayor Luke Bronin. “This project will be built in phases over the next few years, but when it’s complete it will help to knit our neighborhoods back together and bring tremendous new energy and vitality to what was once a barren stretch of asphalt. I want to thank the City Council for their partnership, and want to recognize Howard Rifkin, our Corporation Counsel, for his outstanding work.  We are looking forward to continuing to work hand in hand with Randy Salvatore and RMS Companies as this project moves forward.”

“I’m grateful to the City of Hartford and the Hartford City Council for their support of this mixed-use development and for this opportunity to reinvigorate the Downtown North neighborhood into a walkable and inviting place for residents, workers and visitors,” said Randy Salvatore, CEO of RMS Companies. “I look forward to working with the community in the years to come to help make our shared vision into a reality.”

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HARTFORD FIRE DEPARTMENT EARNS INTERNATIONAL ACCREDITATION, FIRST CAREER DEPARTMENT IN NEW ENGLAND TO DO SO

HARTFORDFIREDEPARTMENT EARNS INTERNATIONAL ACCREDITATION, FIRST CAREER DEPARTMENT IN NEW ENGLAND TO DO SO

HARTFORD, CONN (March 3, 2020) –This afternoon, the Commission onFireAccreditation International (CFAI) confirmed the HartfordFireDepartment as an internationally accreditedfire department, making it the first internationally accredited careerfiredepartment in New England. Internationally accredited departmentsare “often described as being community-focused, data-driven, outcome-focused, strategic-minded, well organized, properly equipped, and properly staffed and trained.”  There are approximately 26,000firedepartments in the United States, and only 87 are both internationally accredited and hold an ISO Class 1 designation, as the HartfordFireDepartment does.

“The men and women of the HartfordFireDepartment are exceptional public servants, and this designation is a testament to their excellence and professionalism,” said Mayor Luke Bronin.  “The process of earning international accreditation is long and thorough, and it required both a great deal of self-assessment and holding up to stringent scrutiny from external assessors.  We are always grateful for the extraordinary work ourFireDepartment does, and today we are particularly proud of them.  I want to thank the Center for Public Safety Excellence and the Commission onFireAccreditation International for their careful work to assess and ultimately accredit the HartfordFireDepartment.  I also want to recognize Chief Freeman, whose leadership and vision have been essential, and who has brought a very high level of rigor to the HartfordFireDepartment.”

“The HartfordFireDepartment has worked together for several years to earn this coveted milestone,” saidFireChief Reginald D. Freeman.  “Numerous current and former members of the department have contributed their time, dedication, and commitment to this process.  It is truly my honor and privilege to lead such an exceptional group of men and women and this achievement is a testament to their constant commitment to the pursuit of excellence and resiliency.  I want to thank Mayor Bronin for his consistent support of the HartfordFire Department over the last four years, which has been crucial to earning accreditation.”

The accreditation process involved the assessment of ten categories that cover the breadth offire and emergency service operations, including: Governance and Administration, Assessment and Planning, Goals and Objectives, Financial Resources, Programs, Physical Resources, Human Resources, Training and Competency, Essential Resources, & External Systems Relationship. 

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MOODY’S UPGRADES HARTFORD’S ISSUER RATING

MOODY’S UPGRADES HARTFORD’S ISSUER RATING

 

HARTFORD, CONN (February 26, 2020) – Yesterday, Moody’s Investors Service upgraded Hartford’s long-term issuer rating from B1 to Ba3, highlighting the city’s “adherence to its financial recovery plan” and “cost saving measures taken by the city through labor contract agreements and tight expenditure controls,” as well as its contract assistance partnership with the State.  Moody’s also noted “there are positive indicators throughout the city’s economy,” including “emerging innovation industries.”

 

“Over the last four years, we have worked tirelessly to put Hartford on a path to long term sustainability and strength, and this positive ratings action from Moody’s underscores the progress we have made,” said Mayor Luke Bronin.  “We have much more work to do, and we are going to have tough and tight budgets for the foreseeable future, but we are also seeing investment and growth in Hartford that we have not seen in a long, long time.  We need to do everything we can to support and accelerate that growth, while continuing to manage with discipline and transparency, and with a relentless focus on our city’s long term strength.” 

 

“This ratings action is another affirmation of our disciplined management of City finances and the difficult decisions we have made over the last four years,” said City Treasurer Adam M. Cloud.  “There is growing confidence in our city, and we have to continue managing taxpayer dollars wisely and make key investments that benefit our residents to continue the progress we are seeing.” 

 

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