Tag Archives: bonds

Videos: The Settlement North on Val Del Road back again @ LCC 2018-12-10

Molly Stevenson, Engineering/Planning Technician, reminded Commissioners that the main reason for the Val Del Road rezoning is to be able to subdivide at a greater density. Then she recited the reasons to deny it.

Chairman Bill Slaughter reminded Commissioners they’d tabled it twice, and “I’d very much like to get this resolved at this meeting.” By which he meant the Regular Session this evening at 5:30 PM, not the Work Session yesterday morning at which he said that. At least one Commissioner had a question.

The second longest item was 6 m. Approval of the 2019 Commission Meeting Calendar, because of two questions by Commissioners.

Below are links to each LAKE video of each agenda item, followed by a LAKE video playlist. See also Continue reading

Back again: The Settlement North on Val Del Road @ LCC 2018-12-10

The agenda sheet says “the applicant’s conceptual site plan is attached.” But of course we the taxpaying, traffic-affected, and water-drinking public don’t get to see it.

Why the Lowndes County Commission considering rezoning for a subdivision that its own staff says doesn’t fit the Comprehensive Plan Character Area, is outside the Urban Service Area, would add significant traffic, and many neighbors spoke against it, plus the Planning Commission recommended denial? The Commission tabled in October, and again in November, when Commissioners asked for an update, but now staff says, “There are no updates to the overall case status.”

If they can’t deny this one, what rezoning can they ever deny?

Current Zoning Map, REZ-2018-17
Photo: Still by LAKE from Lowndes County Commission video of its 9 Oct 2018 Regular Session.

Here is the agenda. See also Continue reading

Pastry, Hunting, Market Strategy @ VLCIA 2018-02-20

On their agenda for tomorrow are bonds for Martin’s Famous Pastry Shoppe.

Martin's Famous Pastry Shoppe, Inc. logo

Valdosta-Lowndes Development Authority
Tuesday, February 20, 2018, 5:30 PM
Development Authority Conference Room/103 Roosevelt Drive
Monthly Meeting Agenda

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Videos: Naylor Boat Ramp and Appointments to Public Facilities Authority @ LCC 2017-10-10

By far the most time, almost eight minutes, on 6b. Abandonment of Portions of Old Lake Park Road and Hickory Grove Road SE, the Lowndes County Commissioners spent two weeks ago, involving reference to minutes they approved in that meeting but that still aren’t on the county’s website two weeks later, and resulting in a split vote.

More interesting: the county is finally starting construction on the Naylor Boat Ramp.

By their customary silent “acclamation” they appointed people to the Lowndes County Public Facilities Authority.

Below are Continue reading

Videos: Public Facilities Authority, Health Fair @ LCC 2017-10-09

The longest item was not on the agenda: a Health Fair Update in the County Manager’s Report.

They breezed through everything else including 5 a. Lowndes County Public Facilities Authority Appointment, although the Chairman did have another name to propose.

Below are links to the LAKE video of each item, plus a very few notes, followed by a LAKE video playlist. See also Continue reading

Appointments to Public Facilities Authority @ LCC 2017-10-09

Appointments to the board that floated bonds for the county palace, REZ-2017-10 Laurel Run Homes, and two road abandonments, to be considered this morning at 8:30 AM and voted on Tuesday evening.

What is the Lowndes County Georgia Public Facilities Authority, which issued the bonds 548757BE2 and 548757BG7 “Refunding Judicial Administration Complex”?

According to the county’s website it’s a Continue reading

NYC Schools to use more solar power; how about in sunny southeast?

Solar high schools: not just for Dublin, Georgia anymore. New York City, and Rochester, NY, too! How about solar Lowndes High School? Or the new Valdosta High School? Or since Valdosta has already put solar at its Mud Creek Wastewater Treatment Plant, how about on other city buildings? How about on the county palace? Or in Hahira, Dasher, Remerton, or Lake Park?

Erin Durkin wrote for New York Daily News 29 September 2014, 24 NYC schools getting solar panels in $28M project — and City Hall could be next, Continue reading

Stealth VLCIA real estate meeting last Wednesday @ VLCIA 2014-08-13

Well, the agenda says the Invocation was “For the purpose of discussing real estate”; it doesn’t say what the Executive Session was for.

Maybe they’ve got a customer for one of those empty industrial parks Brad Lofton talked them into building before he left the state.

Maybe they’re going to build some of those spec buildings they and Valdosta Mayor Gayle admire in Vidalia and Douglas.

Maybe they’re still negotiating with Continue reading

Brad Lofton leaving Myrtle Beach, SC

Looks like Horry County, SC stuck to its initial three-year offer, both for Lofton, and for millage to fund his development authority there. There are things the newly-renamed Valdosta-Lowndes Development Authority could do to let sunshine turn Lofton’s local land legacy green.

Jason M. Rodriguez and Amanda Kelley wrote for Myrtle Beach Online yesterday, Brad Lofton leaving Myrtle Beach Regional Economic Development Corporation,

Membership to the EDC increased earlier this year, but revenue from the membership decreased by nearly $60,000, impacting the organization’s marketing services and more.

Loton has had many projects succeed, and met some challenges during his time in Horry County.

Earlier this month Continue reading

Moody’s confirms excellent bond rating for Lowndes County School District

Lowndes Schools’ decrease of $4.1 million in annual bond payments after 2013 is more than the total $3.6 million in bonds Dublin Schools issued to pay for their megawatt of solar power. So Lowndes Schools could float bonds for solar panels at Lowndes High School like Dublin Schools did for Dubin High School. Or on the new Pine Grove Middle School, which already has some energy efficiency features. Either would decrease outgo in the future, thus evening up the financial structural balance and increasing reserve levels. The SPLOST mentioned by Moody’s is the educational ESPLOST, which passed by more than 4 to 1 in March 2011.

Moody’s PR 17 July 2013, Moody’s confirms Lowndes County School District, GA’s Aa3 GO rating,

$34.9 million in GO debt affected

New York, July 17, 2013 — Moody’s Investors Service has confirmed the Aa3 general obligation rating of Lowndes County School District, GA. The Aa3 rating affects $34.9 million in outstanding general obligation bonds. The bonds are secured by the district’s general obligation, unlimited tax pledge but are expected to be paid from proceeds of a one percent Special Purpose Local Option Sales Tax (SPLOST). The district has an additional $10 million in general obligation bonds not rated by Moody’s.

SUMMARY RATING RATIONALE

The confirmation of the Aa3 rating reflects the district’s sizeable and growing tax base, SPLOST support of debt service, modest debt burden, and rapid payout. The rating also incorporates the district’s below average socioeconomic indicators and recent trend of General Fund operating deficits. Excluding a slight 1.7% decline in fiscal year 2011, Lowndes County School District has consistently experienced growth in the $3.87 million tax base, which is expected to continue going forward. The base benefits from the institutional presence offered by Moody Air Force Base, Valdosta State University (A1/stable), and South Georgia Medical Center (A2/stable). The current SPLOST is authorized through September 2017 and should provide sufficient revenues to make debt service payments. In fiscal year 2012, SPLOST revenues were $12.4 million compared to debt service payments of $12.2 million. Following fiscal year 2013’s payment of $12.1 million, the district’s payments will decline to just under $8 million annually. Amortization is rapid with all debt fully matured by fiscal year 2018. The district does not have any plans to issue additional debt.

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