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.
Citizen Staff Reports 12/15/2014
CVWMA curbside recycling collection and trash collections will have a one day delay in collections Dec. 25-26 and Jan. 1-2. There will be no collections on Dec. 25 or Jan. 1.
Curbside recycling collections Monday through Wednesday will be on regular schedule. Red Thursday and Red Friday curbside recyclers will have a one day delay in collection services Dec. 25-26. Blue Thursday and Blue Friday curbside recyclers will have one day delay in collection services Jan. 1-2. Containers should be placed at the curb by 7 a.m. on collection day. All Friday collections will take place on Saturday. > Read more.
Mothers Against Drunk Driving (MADD) will host a candlelight vigil of remembrance and hope Tuesday, Dec. 2 at 7 p.m. at the University of Richmond, outside the Cannon Chapel. The public is invited to attend and join MADD to honor victims of impaired driving crashes, while helping to remind the community to be safe during the holidays. > Read more.
Among participants at the Seventh Annual Coordinators2Inc Golf Tournament and awards luncheon Oct. 3 were (from left) Rebecca Ricardo, C2 Inc executive director; Kevin Derr, member of the winning foursome; Sharon Richardson, C2 Inc founder; and Frank Ridgway and Jon King, members of the winning foursome.
Held at The Crossings Golf Club, the tournament will benefit placement of children from Virginia's foster care system into permanent families through Coordinators2. > Read more.
For our Top 10 calendar events this weekend, click here! > Read more.
One of the most unique holiday traditions in Henrico, the James River Parade of Lights, takes place tomorrow. The viewing spot in Henrico will be at Osborne Park in Varina. Another annual event in the east end is the Eastern Henrico Holiday Extravaganza, taking place this year at The Armour House & Gardens and the Dabbs House Museum. In the West End, the Glorious Christmas Nights’ production of “Under the Same Stars” at West End Assembly of God will conclude its run on Sunday. For all our top picks this weekend, click here! > Read more.
Halligan blends local theme with tasty classics
A Halligan fan for years, I regularly patronized the Shockoe Bottom location before the roomier Short Pump site opened. Call me cornball, but I am a sucker for the decor – dominated by a fire engine with beer taps extending from the sides – as well as the story behind it.
Owner Shawn Gregory, a retired Henrico firefighter, outfitted the Halligan West location with a 1967 fire truck that his own father rode in his early career at the Highland Springs station.
Among other firefighter memorabilia incorporated into the theme are buckets and firefighter helmets suspended from the ceiling to serve as lamps, and fire hoses wound into the railing of the patio. The walls are covered with tools, photos, badges, and memorabilia from fire companies around the country, and Gregory rents a small "VIP" party deck on top of the fire engine and donates proceeds to charity, including a burn foundation. > Read more.
- More News
Dec. 4, 2014Click here to read the print edition.
- More Entertainment
- More Obituaries
- More Community
- More Opinions
- More Sports
ClassifiedsPROFLOWERS. Send Flowers for Every Occasion! Anniversary, Birthday, Just Because. Starting at just $19.99. Go to http://www.proflowers.com/Celebrate to receive an extra 20 percent off any order over $29.99 or… Full text
CalendarOpportunity Toastmasters will meet from 7 p.m. to 8:30 p.m. at Shoney’s Restaurant, 7101 Staples Mill Rd. Meetings are held the first and third Mondays of each month. For details,… Full text