The Albemarle Economic Development Authority administers grant and bond programs that seek to encourage businesses to expand in Albemarle or to locate their operations there. On October 19, 2021, the seven-member EDA Board of Directors formally authorized their role in a performance agreement for the firm Bonumose to open a demonstration facility in the former State Farm Building. That came at a joint meeting with the six elected members of the Albemarle Board of Supervisors.
Doug Walker is the Deputy County Executive.
“These two bodies work in collaboration with each other,” Walker said. “They are considering the same projects, the same agreements, and they do them in concert with each other.”
A routine closed-door meeting of key planning officials in Albemarle, Charlottesville, and University of Virginia was held last week on October 15. The Land Use and Environmental Planning Committee (LUEPC) had four presentations on items related to climate adaptation.
Paul Zmick, Director of Energy and Utilities at UVA, gave a presentation on the school’s efforts to develop a strategy for thermal energy use. That’s one way UVA hopes to become fossil-free by the year 2050. A recent study evaluated dozens of potential ways to reduce reliance on old technology. Some strategies are recommended to be dropped from further analysis such as solar thermal, biomass, and deep geothermal. (presentation)
Charlottesville has issued a routine request for proposals for a firm to provide advice with financial services related to the city’s capital improvement program as well as the issuance and administration of debt. The city’s request details the city’s existing $207 million in outstanding debt which includes a total of $17.8 million in debt service for the current fiscal year. (read the RFP)
Charlottesville sells municipal bonds each spring for the CIP as well as four utilities that are all separate accounts. This year the city issued $20.8 million in bonds, $8.22 million of which is for new debt. The city has held a AAA bond rating from Standards and Poor’s since 1964 and a AAA bond rating from Moody’s since 1973.
Last campaign finance report before the election
Election Day is one week away and the latest campaign finance reports have been submitted to the Virginia Department of Elections.
In the Charlottesville Council race, Democrat Brian Pinkston began October with $14,400 and raised only $25 in contributions. He loaned himself $1,815 and spent $1,816 in the period leaving a balance very similar to where he started. Pinkston has raised $111,122 in the campaign (info).
Ticket mate Juandiego Wade began the month with $15,201 on hand and raised an additional $140. He spent $175 leaving a balance also similar to where he started. Wade has raised $81,375 this cycle. (info)
Independent Yas Washington raised no money and spent no money and had a balance of zero on October 21. She’s raised and spent a total of $415 in the election cycle. (info)