The James River Water Authority (JRWA) secured approximately $9 million in bond proceeds from the Virginia Pooled Financing Program to provide for the long-term raw water needs of Fluvanna and Louisa Counties. JRWA plans to use these funds to construct a water intake structure on the James River, a pump station, a pipeline from the intake facility to a point close to Route 6 (near Columbia) and a "T" connection that will ultimately send water to both localities. JRWA would operate as a wholesale raw water provider and owner of the related infrastructure improvements.
More and more, you'll see communities blending their tourism and industrial economic development efforts, and management offices. Aside from benefits of office and staff resource management, a shared vision for 'community development' depends on the same infrastructure requirements, including site locations, connectivity of base utilities and business technology, zoning, parking/transportation and more. Another factor is funding, both private and public. Whether for new business recruitment or the expansion of existing businesses, funding is a key element.
VRA is pleased to announce the 2016 Governor's Infrastructure Financing Conference
VRA is pleased to announce the financing of a new solid waste disposal cell through a joint financing between Stafford County and the City of Fredericksburg. This funding is through VRA's Virginia Pooled Financing Program, Series 2015D bond issuance.
VRA is pleased to announce Stephanie Hamlett's appointment to the Council of Infrastructure Financing Authorities' (CIFA) Board.
Pittsylvania County requested funds from the VirginiaSAVES Green Community Program (VGCP) to implement eco-friendly measures in the County's schools. The changes will be implemented under an energy performance contract with Trane. Energy savings from the project is equivalent to removing 309 cars from the Commonwealth's roads!
VRA's newly established Infrastructure Finance Roundtable held its first meeting on October 20, 2015. Janet Aylor, Director of Debt Management with the Virginia Department of Treasury, kicked off the discussion with a brief presentation on Green Bonds.
Valerie Thomson joined the VRA board in June 2014 as the designee to David Paylor, Director of the Department of Environmental Quality (DEQ). Valerie is firmly committed to the protection of the Commonwealth's environmental well being. She has served as the Director of Administration for DEQ since 2003.
The VRA Board was unexpectedly visited by Santa (Randy Burdette, VRA Board member and Director of Department of Aviation) at its December meeting
The VRA is pleased to announce that program manager/compliance officer, Stephanie Jones, was unanimously elected to serve on the Executive Board of the Virginia Government Finance Officers' Association (VGFOA). Stephanie will complete the Board term of former VRA Controller Jon McCubbin.