During his report to City Council on Monday, interim City Manager Michael C. Rogers said the city will sell $16 million worth of bonds this week and the reaffirmation of AAA ratings will keep the interest payments the lowest they can be.
“Both Moody’s and S&P Global,” Rogers said. “We gave them a tour of our fine community and explained to them our plans for further development and opportunities here.”
Rogers said the resolution in Washington on the debt ceiling means the sales will proceed, and that the city was willing to wait if it had not been.
The interim city manager also had details on an in-house task force on gun violence to be lead by Police Chief Michael Kochis and Human Services Director Misty Graves.
“This is not to substitute for the task force that President [Jim] Ryan appointed at the University of Virginia but it’s really a supplement,” Rogers said. “We want to galvanize all of our resources in the city and see how we can have a full course effort to address the issues of gun violence in our community to make it a safer community and to provide outlets for young people to have productive activities.”
One such resource is the Charlottesville / Albemarle Youth Opportunity Center.
“It aims to provide an accessible and centralized resource to match young people to programs in the community,” said Deputy City Manager Ashley Marshall. “So hopefully it will continue to be a one-stop shop for parents, guardians, and other loved ones to find great activities for their littles.”
Rogers’ full report can be read online at this link.
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