Henrico County VA

Henrico has AAA bond rating reaffirmed

County becomes first in the nation to earn such reaffirmation
Henrico County general obligation bonds, totaling $73.5 million, have been reaffirmed as AAA by Standard and Poor’s, Fitch and Moody’s, the nation’s leading debt-rating agencies.
 
Henrico becomes the first locality in the nation to have its debt reaffirmed as AAA — the highest rating available for a governmental entity — by the three agencies since the historic Standard and Poor’s downgrade of U. S. government debt on Aug. 5. 
 
The rating is particularly meaningful in light of the nation’s recent downgrade, Henrico County Manager Virgil R. Hazelett said.
 
“Due to the Board of Supervisors’ adherence to its long-established financial guidelines, Henrico’s fiscal health has remained strong, even in challenging economic times,” Hazelett said. 
 
Henrico’s Finance Director John A. Vithoulkas said the reaffirmation is a result of the county’s anticipated bond sale, which is expected within two weeks.
 
Henrico County initially received a bond rating of AAA from both Moody’s and Standard and Poor’s in 1977, becoming one of the first counties in the nation to receive the highest bond rating. In 1998, the newest agency — Fitch — also awarded the county the AAA bond rating. Henrico has maintained these ratings, allowing the county to obtain funds for infrastructure improvements under terms that have been extremely favorable for its residents.

Read more about Henrico's triple-AAA bond rating status in this Citizen article: http://www.henricocitizen.com/index.php/news/article/financial_status_has_paid_big_dividends_for_county_7623
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Community

19th Annual Asian American Celebration planned May 21

The Asian American Society of Central Virginia will hold its 19th Annual Asian American Celebration on Saturday, May 21 at the Greater Richmond Convention Center, 403 N. 3rd St. in Richmond, from 11 a.m. to 7 p.m. Admission is free.

The theme for this year’s celebration will be “Our Heritage," in recognition of May as the Asian Pacific American Heritage month, designated by the U.S. Congress in 1992. > Read more.

Sandston Founders Club honors Sydnor


The Founders Club of Sandston presented lifetime membership to Charles W. Sydnor at its 12th annual meeting last month.

Sydnor, who grew up in Sandston and later served as president of Emory and Henry College for eight years, was honored by Founder Club President Alice Taylor Baldwin at the April 23 event at Sandston Memorial Recreation Center. > Read more.
Entertainment

Cultural Arts Center announces summer class schedule


From Legos to wine tasting, The Cultural Arts Center is hosting a variety of classes this summer for both kids and adults.

Starting this month, the center has begun classes in a variety of subject areas, including: ceramics, music, painting, photography, confectionary arts, and many more. The classes are designed in part to promote creativity, culture and entertainment in the community. > Read more.






 

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The 12th annual Gallmeyer Farms Strawberry Fields Festival will take place May 28-30 from 10 a.m. to 5 p.m. at The Berry Patch, 3622 Darbytown Ct. in Varina. The festival… Full text

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