Category Archives: VLCIA

History changes the closer you get to Valdosta?

Some people have expressed surprise to learn that Brad Lofton was fired from his previous job in Effingham County. The VLCIA’s own website may be part of the reason why they’re surprised.

According to “In the News” on the the Valdosta-Lowndes County Industrial Authority (VLCIA) web site:

“Lofton is currently the president and CEO of the Effingham County Industrial Development Authority and the executive director of the Effingham County Chamber of Commerce. Lofton brings a wide range of experience to the position including time served as the executive director of the Lee County Chamber of Commerce and the Lee County Development Authority.”
You have to search or scroll way down in that page to find that passage, and there’s no date on it.

However, it is almost a word-for-word copy of a paragraph by Kelli Hernandez that appeared in the Moultrie Observer 16 August 2006:

“Lofton’s most recent position was president and CEO of the Effingham County Industrial Development Authority and the executive director of the Effingham County Chamber of Commerce. Lofton brings a wide range of experience to the position including time served as the executive director of the Lee County Chamber of Commerce and the Lee County Development Authority.”
See the difference? “Lofton’s most recent position was” in the Moultrie article is “Lofton is currently the” on the VLCIA’s own web site. So which was it? Continue reading →

Vernon, California: they only cared about jobs

What can happen to a town that really doesn’t care about anything but jobs.

Adam Nagourney writes in the NY Times 1 March 2011: Plan Would Erase All-Business Town

VERNON, Calif. — Vernon is a bleak, 5.2-square-mile sprawl of warehouses, factories, toxic chemical plants and meat processors that looks like the backdrop for “Eraserhead,” the David Lynch movie set in an industrial wasteland. It has a population of 95 — and 1,800 businesses, drawn by low taxes, lax regulations and cheap municipal power.

It also has a history of corruption and public malfeasance going back nearly 50 years.

The rest of the story is mostly about how it’s gotten so bad Continue reading →

Fiduciary responsibility of LCC to oversee VLCIA? –John S. Quarterman

Speaking to the Lowndes County Commission on 8 March 2011, I read from VLCIA “inter-governmental funding agreement” with Lowndes County, noting that VLCIA’s own audited annual financial report seems to be out of date, since it still says VLCIA asks the Lowndes County Commission for its funds. And I wondered about this part in Note F:
The bonds are secured by an “inter-governmental” funding agreement between the Valdosta-Lowndes County Industrial Authority and Lowndes County, Georgia.
I repeated what I wrote before:
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.

I quoted myself from VLCIA Bonds: $15M becomes $23.5M?

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?
I pointed out that VLCIA seems to have about $8.3 million in cash Continue reading →

The politics of climate change denial

Why do some people deny the overwhelming science of climate change in a time when the evidence and analysis is so thorough and so conclusive that no reputable scientific organization in the world doubts any longer that humans are changing the climate of the whole planet for the worse: because it threatens their political and economic beliefs. Naomi Klein: Why Climate Change Is So Threatening to Right-Wing Ideologues:
And the reason is that climate change is now seen as an identity issue on the right. People are defining themselves, like they’re against abortion, they don’t believe in climate change. It’s part of who they are.
It’s like denying the earth goes around the sun. Why would they identify with such a silly thing? Because of what actually dealing with climate change would mean: Continue reading →

More from Myrtle Beach

Lorena Anderson writes in the SunNews more about Brad Lofton’s new job, including a very interesting tidbit about how he left his previous job. Georgia man tapped to bring businesses, jobs to Myrtle Beach area: Lofton gets three-year deal to lead MB agency:
A Georgia native with experience attracting industries and jobs to his home state has signed a three-year contract to lead the Myrtle Beach Regional Economic Development Corporation.

Doug Wendel, EDC board president, said the board voted unanimously Thursday afternoon to offer Brad Lofton the job. He will announce the change to his current employer, the Valdosta-Lowndes County Industrial Authority, on Tuesday, Wendel said.

Lofton will begin work on the Grand Strand on April 15, bringing to an end the EDC’s search for a new chief executive, which began more than a year ago.

The EDC will pay Lofton about $121,000 a year to bring new industry and jobs to Horry County.

Look what else they mentioned: Continue reading →

Movin’ on up!

Arrived via google alert for keyword “Valdosta”:
Those on the committee to hire a new EDC director seem so certain they will offer Lofton the job that he is already making plans to announce he’s leaving Georgia next week, and can start work here in mid-April.
Lofton? Yes, that Lofton:
Brad Lofton, a Georgia native and moneymaker for the Valdosta-Lowndes County Industrial Authority in his home state, is being introduced around Horry County today as the leading candidate for the executive director of the Myrtle Beach Regional Economic Development Corporation.
The story is Economic development agency likely has new director, by Lorena Anderson, in the Myrtle Beach SunNews.

Hm, somebody is counting at least one chicken that hasn’t hatched:

Lofton has been with the Valdosta group since 2006, and has brought millions of dollars’ worth of business and jobs to that county, Wendel said, including an energy plant that uses biomass and is now getting federal renewable energy credits; ….
Also notice what they don’t list as a positive: the solar plant. Perhaps an indication of somebody’s priorities.

-jsq

“So, why should you care?” –Erin Hurley

The VDT isn’t the only newspaper in town. This LTE appeared in the VSU newspaper, the Spectator, yesterday, 3 March 2011. And the Spectator even puts LTEs online. -jsq
SAVE says Biomass spells bad news for Valdosta and VSU

By: Erin Hurley

How many of y’all have heard of the Biomass Plant that has been proposed for Valdosta? Many of ya’ll probably don’t know what Biomass is; I know I didn’t until about two years ago when this project first started. The Biomass plant is an incinerator that will burn sewage, sludge and tree “debris” in order to create energy. What’s the big deal, right?

Continue reading →

“the citizenry has a right to scrutinise the state.” –Julian Assange

Some people compare LAKE to Wikileaks, so let’s go there. Julian Assange, like Wendell Berry, links the civil rights movement and the environmental movement. He then says:
“For the Internet generation this is our challenge and this is our time. We support a cause that is no more radical a proposition than that the citizenry has a right to scrutinise the state. The state has asserted its authority by surveilling, monitoring and regimenting all of us, all the while hiding behind cloaks of security and opaqueness. Surely it was only a matter of time before citizens pushed back and we asserted our rights.”

LAKE’s motto is:

Citizen dialog for transparent process
That makes Assange’s proposition
“the citizenry has a right to scrutinise the state”
sound very familiar to us.

Locally it’s more a matter of elected and appointed bodies ignoring their chartered responsibilities to the public good and the general welfare. Well, many people are also tired of the permit inspection brigade, but that’s another story.

Assange also adds: Continue reading →

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.

-jsq

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.

-jsq