Henrico completes $73.5M bond sale
Henrico County officials yesterday completed a sale of $73.5 million in general obligation bonds to Barclays Capital, the successful bidder from a group of eight.
The bid for the 20-year bonds was made at an interest rate of 2.84 percent, according to Henrico Management and Budget Division Director Gene Walter.
"That's amazing," Walter told the Citizen. "Given the craziness of the stock market yesterday [a drop of more than 400 points], it just goes to show how high quality Henrico County bonds are."
The highest interest rate offered by a bidder yesterday was 3.08 percent – just one one-hundredth of a point higher than the rate Henrico received when it last sold bonds last year.
"And we thought that was an incredible rate at the time," Walter said.
Because the county budgets for an interest rate on bond sales of 6 percent, yesterday's sale resulted in a cost avoidance of $24.7 million, Walter said.
The bond money will fund school renovation projects, the construction of a new Dumbarton Library and a new Varina Library as well as two recreation and parks projects.
St. Joseph's Villa’s Flagler Housing & Homeless Services was one of three entities to earn the National Alliance to End Homelessness' Champion of Change Award. The awards were presented Nov. 17 during a ceremony at the Newseum in Washington, D.C.
NAEH annually recognizes proven programs and significant achievements in ending child and family homelessness.
Flagler completed its transition from an on-campus shelter to the community-based model of rapid rehousing in 2013, and it was one of the nation's first rapid re-housing service providers to be certified by NAEH. > Read more.
Richmond International Raceway's 13th annual Community Christmas tree lighting has been rescheduled from Dec. 6 to Monday, Dec. 12, at 6:30 p.m., due to inclement weather expected on the original date.
Entertainment Dec. 12 will be provided by the Laburnum Elementary School choir and the Henrico High School Mighty Marching Warriors band. Tree decorations crafted by students from Laburnum Elementary School and L. Douglas Wilder Middle School will be on display. Hot chocolate and cookies will be supplied by the Henrico High School football boosters. > Read more.
If the snow last weekend had you stuck at home, then you will appreciate free admission all weekend long at Lewis Ginter Botanical Garden! Other free options this weekend include a Classic Family Film series at Varina Library, “Crafternoon” at Libbie Mill Library and the tenth annual Richmond Jewish Food Festival taking place Sunday and Monday at the Weinstein JCC. Concert options include the 8th annual Djangoary Music Soiree at The Cultural Arts Center at Glen Allen and Flight Risk, performing at The Tin Pan. For all our top picks this weekend, click here! > Read more.
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CalendarGreat Aspirations Scholarship Program (GRASP) advisors will be available to meet one-on-one with students and parents to complete the Free Application for Federal Student Aid (FAFSA) and to answer questions about financial aid on the following dates: Jan. 12 – Fairfield Library, 1001 N. Laburnum Ave.; and Jan. 18 – Varina Library, 1875 New Market Rd. Both events are from 6 p.m. to 9 p.m. Registration is required. Call the library or visit http://bit.ly/2iUHRlO for Jan. 12 and http://bit.ly/2hVntPY for Jan. 18. Full text