(05/25/06) MILFORD - Mayor Jim Richitelli gave his fifth State of the City address on Thursday.

Speaking from the site of the old Milford Jailai, he announced that the city of Milford is selling the site to developers who will turn it into a Lowes Hardware Store. In addition, the mayor pointed out that the city took a hit this year in revenue. He said the recent settlement with the city?s two power companies combined with increased commodities and health care costs forced the city to raise taxes.

Mayor Richitelli said he?s hopeful new developments will help turn things around. He says overall he believes the city is stable and solid.