CONTACT: Joseph P. Casey, Deputy County Manager for Administration, Henrico County
PHONE: (804) 501-4288
Henrico positions bond sale to allow residents to invest
Orders will be accepted May 16-17 for $125 million in water and sewer bonds
For the first time, Henrico County is structuring a sale of municipal bonds to give residents a greater opportunity to participate as investors.
Henrico plans to issue $125 million in water and sewer revenue bonds May 16-17 to support improvements to its public utility system. Bonds will be valued at $5,000 apiece. Local government bonds typically are sold in bundles to large customers, including financial institutions, mutual funds and insurance companies.
“Henrico has heard periodically from residents who would like to buy the county’s bonds because they believe Henrico bonds are a sound investment that also helps the community,” said Gene H. Walter, director of the Department of Finance. “We have worked with our team of underwriters and are pleased to offer this opportunity.”
Bond purchase orders accepted Monday, May 16 will be limited to retail buyers, such as residents and other individual investors. Orders taken Tuesday, May 17 will include both institutional and retail buyers.
The planned sale, approved Feb. 23 by the Board of Supervisors, calls for issuing $125 million in water and sewer revenue bonds, which will consist of $79 million in new bonds and $46 million in refinanced bonds. The bonds will be backed by Henrico’s public utility rates and fees. Henrico has earned water and sewer revenue bond ratings of AAA, AAA and Aa1 from the Fitch, Standard & Poor’s and Moody’s ratings agencies.
To receive an official statement on the bond offering and information on how to purchase the bonds, call a member of Henrico’s bond underwriting team: Raymond James at (804) 225-1129; BB&T Securities at (804) 782-8883; Davenport & Co. at (804) 780-2132; and J.P. Morgan at (855) 231-8873.
May 9, 2016
CONTACT: Lt. Shawn M. Sears, Animal Protection Unit, Henrico County Police Division
PHONE: (804) 727-8801
Henrico to offer rabies vaccinations for pets May 21
The Henrico County Police Division will provide rabies vaccines for dogs and cats from 9 a.m. to noon Saturday, May 21 at the Henrico County Government Center, 4301 E. Parham Road.
Pet owners must register and pay at the cashier’s office in the Administration Building before seeing a veterinarian on the first level of the adjacent parking deck.
Each vaccine costs $10 and must be paid in cash. A rabies tag and certificate of inoculation are included. Pets from all localities are welcome. Cats must be in carriers.
Under Virginia law, dogs and cats 4 months of age and older must be vaccinated for rabies.
Henrico dog licenses will be available for $10, for a one-year license, and $15, for a three-year license. Officers will be available to discuss license options and vaccination requirements.
For information, call the Animal Protection Unit at (804) 727-8801.
CONTACT: Steven J. Yob, Director, Henrico County Department of Public Works
PHONE: (804) 501-4395
Bridge replacement to close portion of Creighton for 7 months, beginning May 18
A project to improve a half-mile section of Creighton Road near the Glenwood Golf Club will get underway Monday, May 16 and include replacement of a narrow bridge.
Creighton will be closed to through-traffic from Caddie Lane to Stone Dale Drive beginning Wednesday, May 18, weather permitting.
A detour will direct motorists on Creighton around the work zone by way of Gordons Lane, Nine Mile Road and North Laburnum Avenue. Access to Glenwood Golf Club will be allowed from the western side of the work zone, toward the city’s limits. The closure is expected to remain in effect until December.
A wider, two-lane bridge will be installed to the north of the existing, one-lane structure, which spans an unnamed creek. The bridge approaches also will be improved.
The $3.5 million project is scheduled for completion next May. For more information, go to henrico.us/projects/creighton-road-improvement.