Category Archives: Transparency

VLCIA Bonds: $15M becomes $23.5M?

How much are those bonds VLCIA has committed we the taxpayers to?

According to VLCIA’s FYE 2011 Annual Financial Report it looks like the bonds started out as about $15,000,000, and are

If I’m reading that right (I am not a CPA), VLCIA took out about $15M in bonds for which they will pay back a total of about $23.5M. Is that really $8.5M in debt service, or about 56% of the original principal? Is that a good deal VLCIA has made with we the taxpayers’ money?

Meanwhile, VLCIA has

That’s an interesting number to contemplate while other arms of local government are scraping to pay salaries and provide services. One of those other arms of local government is the Lowndes County Commission, which appears to be co-guarantor for those bonds.

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VLCIA “inter-governmental funding agreement” with Lowndes County

If Lowndes County funds VLCIA and helps secure its bonds, how can the Lowndes County Commission have no control over VLCIA?

In Note A: Summary of Significant Accounting Policies of VLCIA’s FYE 2011 Annual Financial Report:

Reporting Entity

The Valdosta-Lowndes County Industrial Authority is a political subdivision created by the State of Georgia Legislature to stimulate growth in the Valdosta-Lowndes County area. The Authority’s revenues are derived primarily from contributions by local governnments and by the sale of land in the industrial development parks owned by the Authority.

Well, the VLCIA’s charter is available on the web and it doesn’t just say “growth”; it also says “the public good” and “the general welfare” of the community.

The financial report continues:

The members of the Industrial Authority are appointed by both the City Council of the City of Valdosta and the Lowndes County Board of Commissioners. Primary operating funding, as well as guarantees for certain bonds, comes from the Lowndes County Board of Commissioners and accordingly, the Authority is considered to be economically dependent on Lowndes County.
The first sentence is correct. If the second sentence is correct, how can the Lowndes County Commission say it has no control over or responsibility for the Industrial Authority?

Further, in Note F: Long Term Debt:

The bonds are secured by an “inter-governmental” funding agreement between the Valdosta-Lowndes County Industrial Authority and Lowndes County, Georgia.
If the Lowndes County government is co-guarantor of VLCIA’s bonds, how can the Lowndes County Commission say it has no responsibility or control over what VLCIA does? I am not a CPA, but the term “fiduciary responsibility” comes to mind. These bonds are, after all, being paid for by our tax dollars, and the Board of Commissioners are our elected representatives for the county.

How big are those bonds, anyway? See the next post.

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VLCIA Annual Financial Report FYE 30 June 2011

Where does that $3 million a year in VLCIA tax revenue go?

In the Annual Financial Report for the fiscal year ending 30 June 2011, for the Valdosta-Lowndes County Industrial Authority (VLCIA), there are some interesting assertions, and some really interesting dollar figures. These documents were obtained by open records request February 2011 and given to LAKE, the Lowndes Area Knowledge Exchange.

See the following posts about the “inter-governmental agreement” between VLCIA and Lowndes County and about the size of the bonds and debt servicing VLCIA has committed to. And of course read the report for yourself and see what you think.

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VLCIA operating budget

Apparently VLCIA collects $3 million in tax revenues annually and pays about $368,000 in staff salaries and benefits, plus $125,000 in legal and accounting costs, as well as other items in general operations. This is according to VLCIA’s Operating Budget (FYE 30 June 2011), obtained by open records request in February 2011, and given to LAKE, the Lowndes Area Knowledge Exchange. Look for yourself; here it is in PDF and two different single-page forms.

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“the learning curve is very steep” –Ken Klanicki

This LTE appeared in the VDT yesterday (28 Feb 2011). -jsq
Former Lowndes County commissioner Richard Lee once told me “…the learning curve is very steep for first-time commissioners.” Our new county commissioners, Richard Raines and Crawford Powell, are living proof of the veracity of that statement. In case Bill O’Reilly is reading this, here’s a few examples.

Earlier this month a grant application for the purchase of 5,000 weather emergency radios was nixed by a 2 – 1 vote. The radios could’ve been a means for citizens residing in remote areas of the county to

Continue reading →

The owl in Hahira: March 2011 LAKE meeting

The owl in Hahira:
Monthly LAKE Meeting
When: 5:30-6:45 PM, Tuesday 1 March 2011
Updated meeting location
Where: home of Thomas Ieracitano
414 East Main Street, Hahira
229-251-2462
That’s on US 122, just east of the Masonic Lodge.
Thomas says:
“Bring a lawn chair, laptop (I will have Mediacom wireless) and your own food and drink.”
If it rains or there are too many bugs or something, we will move to:
Down Home Pizza
103 South Webb Street, Hahira
229-794-1888

Help cover food, water, transportation, incarceration, solar energy, biomass, and regular local government meetings: you never know when news will be made!

Popular topics lately on the LAKE blog, On the LAKE Front, include Continue reading →

Authority should listen to other sources –John S. Quarterman

This op-ed by me appeared in the VDT today, 24 Feb 2011. On 15 Feb 2011 I spoke directly to the VLCIA board about the main points and the next day I sent them the longer version, Why “jobs, jobs, jobs” isn’t good enough for the public good and the general welfare, which includes links to videos of the relevant speeches and to VLCIA’s charter. -jsq
Everyone wants jobs for those who need them and jobs for young people so they don’t have to go somewhere else to find one. But what good is that if those jobs suck up all the water those people need to drink?

At the Lake Park Chamber of Commerce annual dinner Brad Lofton gave a speech which I liked, and I told him so afterwards, because it was mostly about real industry with real jobs that that the Valdosta-Lowndes County Industrial Authority (VLCIA) has brought into the area.

But it had a problem:

Continue reading →

Protesters, police, and press at Wiregrass Solar LLC groundbreaking

All these protesters were in favor of the groundbreaking today for the Wiregrass Solar LLC plant, but they wanted to object to the related biomass plant proposed for next door. Here you can see Valdosta police saying they’re going have to issue a summons to some protesters because they didn’t have a permit, Valdosta Mayor Fretti saying the permit process is simple, and Dr. Michael Noll president of Wiregrass Activists for Clean Energy (WACE) explaining that they only heard of the event recently, and besides he’d be happy to pick up a shovel and help with the groundbreaking for the solar plant:


Wiregrass Solar LLC groundbreaking, 21 Feb 2011,
Valdosta, Lowndes County, Georgia.
Video by John S. Quarterman for LAKE, the Lowndes Area Knowledge Exchange.
Enter the police chief. Continue reading →

Where is the Wiregrass Solar plant?

Update 21 Feb 2011: Col. Ricketts confirms the groundbreaking is at 11:30 AM today on Water Plant Road; follow the signs from there to the construction site.
The groundbreaking for the Wiregrass Solar plant is Monday 21 February, rumor has it at 11:30AM, but where? My understanding is that the site is at the back of the City of Valdosta’s Mud Creek Wastewater Treatment property, which is

View Larger Map
on Water Plant Road off of GA 94 (New Statenville Highway) east of Inner Perimeter Road.

However, VLCIA’s land proposed for the Wiregrass Power LLC biomass plant is around the corner off of Inner Perimeter Road east of Deloach Road: It’s conceivable that VLCIA might hold the ceremony on its own property. See their map below: Continue reading →

Are all these medical associations and doctors lying? –Dr. Noll

In the new era of good feelings, Dr. Noll asked the Lowndes County Commission whether they thought all the medical associations and doctors who oppose biomass plants are lying, same as he later asked the Valdosta City Council. He also offered to discuss with biomass proponent Nolen Cox, who spoke immediately before. Here’s the video.


Regular meeting of the Lowndes County Commission, 8 February 2011,
Valdosta, Lowndes County, Georgia.
Video by Gretchen Quarterman for LAKE, the Lowndes Area Knowledge Exchange.

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