Site work and paving for a mixed-use development in Trenton, Michigan. Completed plans call for site work for a playground / park / athletic field; for paving for a playground / park / athletic field; sidewalk / parking lot; sidewalk / parking lot; and water / sewer project.

https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3351327 Trenton, MI Series 2025 Capital Improvement Bonds Rated ‘AA-’; Outlook Is Stable HARTFORD (S&P Global Ratings) April 10, 2025--S&P Global Ratings assigned its 'AA-' long-term rating to Trenton, Mich.'s approximately $2.08 million series 2025 capital improvement bonds (limited-tax general obligation). The outlook is stable. The rating reflects the application of our criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024. The series 2025 bonds are secured by the city's limited full-faith-and-credit pledge due to applicable constitutional, statutory, and charter limitations, but we rate the bonds to be on par with our view of the city's general creditworthiness since property taxes are levied on all taxable properties and due to the fungibility of resources available for debt service. The bond proceeds will fund the demolition of existing buildings and infrastructure at Rotary Park, along with construction of disability-compliant facilities (e.g. bathrooms, playscapes, etc.) and general improvements to the park's shoreline, boardwalk, sidewalks, and landscaping. The city also received a $750,000 family foundation grant that it will use on the Rotary Park Project. The rating reflects our view of Trenton's location about 30 minutes southwest of downtown Detroit with an economy rooted in automotive, a cyclical industry exposed to escalating trade tensions and tariffs; solid operating performance history and maintenance of healthy available reserves, albeit slightly weaker than state and national peers as a share of operating revenue in recent years; relatively average financial-management policies and practices; and manageable current costs (debt, pension, and other postemployment benefits [OPEB]) despite weakness from above-average pension-OPEB costs. "The stable outlook reflects our expectation for limited financial change because operations are balanced, with officials expecting positive results in fiscal 2025 and reporting no plans to draw down available reserves during the next two years," said S&P Global Ratings credit analyst Alex Tomczuk. However, our view could change if the U.S. experiences a severe or prolonged economic downturn, although operating challenges would likely become more prevalent beyond our two-year horizon, considering recessions generally have a lagging effect on property tax revenue. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at https://disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. A description of each of S&P Global Ratings' rating categories is contained in "S&P Global Ratings Definitions" at ----------------------------------------------------------------------- Reference Number: 0000359696 The project includes but is not necessarily limited to, soil erosion and sedimentation control measures; demolition and removal of concrete pavement, and bituminous pavement; excavation and grading, asphalt and concrete pavement, rain garden installations, architectural and M/E/P improvements and site sanitary and stormwater utilities. Start Date: November 18 2024 Project shall be substantially complete on or before June 20, 2025 Project shall be complete on or before July 1, 2025 Question Deadline 09/03/2024 at 5:00 PM ET , Questions and requests for clarifications will be received from bidders Note that no further questions or requests for clarification will be received after this time. Monday, August 12, 2024-A final Addendum will be issued by 12:00 p.m. providing answers to questions and requests for clarifications and including minutes of the Pre-Bid Meeting. Note that other Addendums may be issued as needed prior to this time. Questions are submitted online No Bid security, Performance and Labor and Material Bonds are required. General Requirements - Insurance Required The City of Trenton reserves the right to accept or reject any or all bids, to waive technicalities and to accept the bid deemed to be in the best interest of The City of Trenton.