City of Waterbury, Connecticut $50000000*
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This Preliminary Official Statement and the information contained herein are subject to completion or amendment. Under no circumstances shall this Preliminary Official Statement constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. * Preliminary, subject to change. ______________________ made to The Depository Trustby Company Day in New Pitney York, LLP, NewLLC, of Bond York Counsel, on Hartford, of or Connecticut. Bridgeport about and November Hartford, It 28, Connecticut. 2017. is Certain expected legal matters that will delivery be passed of upon for the the Bonds Underwriter in book-entry-only form willB be Bonds will be U.S. Bank National Association of Hartford, Connecticut. and “Mandatory Sinking Fund Redemption” herein). when due ( obligations of the City andBonds, the Issue City of will 2017, pledge Series its B full (the faith “Series and B credit to Bonds” pay andprincipal the together amounts principal of with of $5,000 the and or Seriesor the integral A credit multiples interest from Bonds, thereof. on DTC the the participants “Bonds”)holdings ( Bonds and shown will in other be the nominees records general of ofnominee, DTC. the as beneficial It registered owners. is anticipated owner thatthe Ownership the of of beneficial Series the owners the B of Series Series the Bonds B B Seriesowners B Bonds will Bonds. of Bonds the may be will Series be receive DTC made B payment in March will Bonds by will 1 credit the not in its City receive each participants physical to delivery year in The of until accordance bond Depository maturity. with certificates. Trust their Principal Company, The respective of, New Series and York, interest B payments Bonds New on, Dated: will York Date be ("DTC"), of issued or Delivery in its book-entry-only form whereby the beneficial System" herein.) the Series A BondsBonds may be will in receive principal paymentwith amounts or of their credit $5,000 from respective or DTC holdingsYork integral participants shown multiples ("DTC"), and in thereof. or other its the nomineesthe ( nominee, records of Series as of A the registered Bonds DTC. beneficial owner will owners.owners be of of It made the the by Ownership is Series Series the of A anticipated City AMay Bonds of that Bonds. will 15 Waterbury not the (the in receive DTC “City”) beneficial physical each to will owners delivery The year credit of of Depository until bond its Trust the certificates. maturity. participants Company, Series New in Principal York, A The accordance of, New and Series interest A payments on, BondsDated: will Date be of Delivery issued in book-entry-only form whereby the beneficial ownership or disposition of, orpay the accrual the or federal receipt ofand alternative interest is on, minimum excluded the from tax. Bonds. amountson on See the which Bond "Tax the Bonds net Exemption" is Counsel Connecticut herein. excludedbe minimum expresses from taken tax into no Connecticut is account based taxable opinion in in incomealternative computing the regarding for minimum the case tax; purposes any of federal however, of individuals, alternative other with trusts the minimumBonds respect and Connecticut tax tax. is to estates income excludable consequences required certain In tax from to corporations the related onrequirements subject gross opinion individuals, of to to income of trusts the the Bond for the Internal and federal Counsel, federal Revenue estates alternative underAgreement income Code minimum existing tax of tax, statutes, and 1986, purposes such interest as and interest continuing amendedwith may is certain (the compliance not representations "Code"), statements an under of with item intention existing and statutes of the reasonable and tax expectations covenants court and preference certifications decisions, for of set interest fact purposes on contained forth of the in the the Tax in federal Compliance the Tax Compliance Agreement relatingNew Money to / the Refunding Issue: applicable Book-Entry-Only In the opinion of Bond Counsel, rendered in reliance upon and assuming the material accuracy of and continuing compliance The Bonds are offered for delivery when, as and if issued, subject to the approving opinion of Pullman & Comley, The Registrar, Transfer Agent, Paying Agent and Certifying Agent for the BondsThe and Bonds Escrow are Agent subject for to the redemption Series prior to maturity as more fully described herein. (See “Optional Redemption” The General Obligation Bonds, Issue of 2017, Series A (the “Series A Bonds”), and General Obligation Refunding Interest on the Series B Bonds will be payable March 1, 2018 and semiannually thereafter on September 1 and Interest on the Series A Bonds will be payable May 15, 2018 and semiannually thereafter on November 15 and see PRELIMINARY OFFICIAL STATEMENT DATED NOVEMBER 8, 2017 “Security and Remedies” herein). General Obligation Refunding Bonds, Issue of 2017, Series B General Obligation Bonds, Issue of 2017, Series A City of Waterbury, Connecticut $50,000,000* $13,590,000* See "Book-Entry-Only Transfer System" herein.) RATINGS: S&P Global Ratings: AA- as detailed inside the front cover as detailed inside the front cover Due: Serially on November 15, Due: Serially on September 1, See "Book-Entry-Only Transfer Fitch Ratings: AA- Kroll: AA- City of Waterbury, Connecticut $50,000,000* General Obligation Bonds, Issue of 2017, Series A Dated: Date of Delivery Due: Serially on November 15, as detailed below: Year Principal* Coupon Yield CUSIP 1 Year Principal* Coupon Yield CUSIP 1 2018 $ 1,670,000 _.__% _.__% 941247___ 2028 $ 1,665,000 _.__% _.__% 941247___ 2019 1,670,000 _.__% _.__% 941247___ 2029 1,665,000 _.__% _.__% 941247___ 2020 1,670,000 _.__% _.__% 941247___ 2030 1,665,000 _.__% _.__% 941247___ 2021 1,670,000 _.__% _.__% 941247___ 2031 1,665,000 _.__% _.__% 941247___ 2022 1,670,000 _.__% _.__% 941247___ 2032 1,665,000 _.__% _.__% 941247___ 2023 1,670,000 _.__% _.__% 941247___ 2033 1,665,000 _.__% _.__% 941247___ 2024 1,670,000 _.__% _.__% 941247___ 2034 1,665,000 _.__% _.__% 941247___ 2025 1,670,000 _.__% _.__% 941247___ 2035 1,665,000 _.__% _.__% 941247___ 2026 1,670,000 _.__% _.__% 941247___ 2036 1,665,000 _.__% _.__% 941247___ 2027 1,670,000 _.__% _.__% 941247___ 2037 1,665,000 _.__% _.__% 941247___ $8,325,000* __.___% Term Bond due November 15, 2042* – Yield __.___% CUSIP1: 941247___ $8,325,000* __.___% Term Bond due November 15, 2047* – Yield __.___% CUSIP1: 941247___ $13,590,000* General Obligation Refunding Bonds, Issue of 2017, Series B Dated: Date of Delivery Due: Serially on September 1, as detailed below: Year Principal* Coupon Yield CUSIP 1 Year Principal* Coupon Yield CUSIP 1 2018 $ 1,395,000 _.__% _.__% 941247___ 2024 $ 1,380,000 _.__% _.__% 941247___ 2019 1,370,000 _.__% _.__% 941247___ 2025 885,000 _.__% _.__% 941247___ 2020 1,140,000 _.__% _.__% 941247___ 2026 890,000 _.__% _.__% 941247___ 2021 1,125,000 _.__% _.__% 941247___ 2027 895,000 _.__% _.__% 941247___ 2022 1,355,000 _.__% _.__% 941247___ 2028 895,000 _.__% _.__% 941247___ 2023 1,365,000 _.__% _.__% 941247___ 2029 895,000 _.__% _.__% 941247___ ______________________ * Preliminary, subject to change. 1 Copyright, American Bankers Association. CUSIP® is a registered trademark of the American Bankers Association. CUSIP numbers have been assigned by an independent company not affiliated with the City and are included solely for the convenience of the holders of the Bonds. The City is not responsible for the selection or use of these CUSIP numbers, does not undertake any responsibility for their accuracy, and makes no representation as to their correctness on the Bonds or as indicated above. The CUSIP number for a specific maturity is subject to being changed after the issuance of the Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of such maturity or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Bonds. No dealer, broker, salesman or other person has been authorized by the City to give any information or to make any representations not contained in this Official Statement or any supplement, which may be issued hereto, and if given or made, such other information or representations must not be relied upon as having been authorized. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. This Official Statement has been prepared only in connection with the initial offering and sale of the Bonds and may not be reproduced or used in whole or in part for any other purpose. The information, estimates and expressions of opinion in this Official Statement are subject to change without notice. Neither the delivery of this Official Statement nor any sale of the Bonds shall, under any circumstances, create any implication that there has been no material change in the affairs of the City since the date of this Official Statement.