Local governments across the Commonwealth depend on the Virginia Pooled Financing Program (VPFP) to help finance key infrastructure improvements that serve residents and local businesses.
In 2002, VRA issued bonds on behalf of Goochland County to finance utility system improvements in the County’s Tuckahoe Creek Service District (TCSD). TCSD is best known for the West Creek development that has flourished on the eastern end of the County. In 2012, the County was assisted again by VRA with the restructuring of the 2002 debt that was designed to provide Goochland with a debt service schedule and loan terms better suited to Goochland's long-term needs. In 2020, the County again partnered with VRA to capture debt service savings through the refunding of the 2012 bonds.
The Town of Marion owns and operates a 3.4 million gallons per day treatment plant called the Mountain Empire Regional Wastewater Facility. Through this facility, the Town provides sewer service to its 3,580 residential, industrial and commercial customers.
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August 4, 2022