Petersburg refinances bonds; Ashland weighing options
Richmond-based financial firm Davenport & Co. has been advising the City of Petersburg and the Town of Ashland on refinancing opportunities for previously issued bonds.
The firm advised Petersburg and its bond counsel on a recently closed refinancing of 2009 bonds in the amount of $8.1 million. The transaction is expected to result in a nearly $2.5 million savings for the city over the next couple of decades.
Ashland Town Council at its meeting this Tuesday will consider authorizing Town Manager Joshua Farrar to refinance the town’s debt as recommended by Davenport, which solicited bids and recommends refinancing with Chase Bank or BB&T. The refinancing relates to an $8.9 million bond issued last fiscal year to fund the Town Hall and Carter Park Pool projects. The full agenda for council’s meeting is available here.
Carvana facility gets a second look in Chesterfield
Carvana’s proposed distribution facility near Chester is back on the Chesterfield County Planning Commission agenda when it meets Tuesday at 6 p.m. A series of 2-2 votes at the commission’s July meeting resulted in the case returning to the commission this month for a recommendation to county supervisors. Because a hearing was held in July, the agenda item is action-only and will not include opportunity for public comment.
Also on Tuesday’s agenda is Torch Clean Energy’s proposal for a solar farm-data center development on land formerly known as the Matoaca Mega Site. The case was deferred from the commission’s July meeting and will involve a public hearing. The meeting will be held at a different location – the public safety training center at 6610 Public Safety Way – due to maintenance to the county boardroom, including HVAC replacement. Full agenda here.
Regency Square redevelopment zoning approved
Henrico County supervisors approved rezoning and provisional-use permit requests related to the ongoing redevelopment of Regency Square mall as an urban mixed-use development. The rezoning changes the 35-acre site from business designations to an urban mixed-use district, while the permit would allow a variety of uses that are detailed on the meeting agenda.
The board also approved a resolution authorizing the issuance and sale of $105.1 million in general obligation bonds to support various projects included in the $420 million bond referendum that county voters approved in 2016. Other approvals included contract amendments for Moseley Architects’ design and other services for Henrico’s Mental Health and Development Services East Clinic and for Minneapolis-based BKV Group’s design of Firehouse 20.
Henrico names community revitalization director
Eric Leabough was appointed director of Henrico County’s Department of Community Revitalization effective Aug. 17. The VCU grad has worked as a housing specialist in the county manager’s office since June 2018, coordinating efforts with the department to strengthen and address needs of older neighborhoods and communities. A former Varina District representative on the Planning Commission, Leabough succeeds S. Mark Strickler, who retired in June after leading the department since 2005.
Road widening meeting in Hanover
A public info meeting on a project to widen Sliden Hill Road to four lanes between Atlee Station and New Ashcake roads is scheduled Aug. 20 from 6-7:30 p.m. at the Atlee High School auditorium. Construction could begin later this month. The project aims to increase capacity, improve traffic flow and safety, and provide a contiguous four-lane roadway between New Ashcake Road and Interstate 95.
Richmond Planning Commission meets Monday
The city Planning Commission meets Monday at 1:30 p.m. Business on the agenda includes a presentation of the Richmond 300 parking study. Full agenda here.