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Hearing set for $23m in bonds

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By Diana McFarland
Smithfield Times News editor

A public hearing on Isle of Wight County’s latest bond issue — $23.5 million — will be held next week.
Unlike most county residents in Virginia, Isle of Wight residents do not have to ability to vote on whether the Board of Supervisors can or cannot issue bonds.
They gave up the right to hold bond referendums more than 20 years ago. Today, the Board can issue bonds with just a public hearing.
The $23.5 million bond issue is expected to pay for the Norfolk water deal, intermodal park improvements, three fire engines, bathrooms at Nike and Heritage parks, the purchase of Sentara medical office and the Blackwater land purchase.
If issued, the bonds would require the county to pay about $8 million in debt service a year through 2019, with the highest amounts coming in 2012, the year the county expects to begin feeling the effects of the loss of International Paper.
International Paper provides about $6 million a year in tax revenue.
The first round of bonds is expected to cover capital projects for 18 months. In addition to the $23,5 million, county officials have identified an additional $31.5 million in capital and utility projects through 2015.
Since 2007, the county’s amount of debt has jumped 45 percent — from $62 million to $89.9 million by June 31, 2009.
In the 1980s, Isle of Wight gave up its right to hold bond referendums in response to an annexation threat by the city of Franklin. It was thought at the time that if a county could quickly provide the same services as a city, it would make it further immune from annexation. Not having to hold bond referendums for debt to add services and infrastructure was seen as a speedy way to do that.
To achieve that end, Isle of Wight acted on a portion of the Virginia Constitution granting it the same bonding rights as cities. As a result, Isle of Wight residents do not have the right to approve, or reject, the issuing of bonds for various capital projects.
The March 24 Board of Supervisors meeting begins at 5 p.m. at the Isle of Wight County courthouse complex.

Last Updated ( Wednesday, 17 March 2010 08:49 )
 

Boys' Delight

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Brothers Luke Morris, 4, left, and Shane Morris, 5, make good use of a
ditch full of rainwater Saturday. The boys were keeping busy while their
mother, Rhonda Morris of Smithfield, practiced with her softball team
at Nike Park. According to Shane, one of their Army men had lost his
leg in the water and they were sending in the trucks to find it.

Last Updated ( Friday, 19 March 2010 15:47 )
 

Little known, Meals on Wheels serves IW

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By Kelly Barlow
Smithfield Times Staff writer

Isle of Wight resident Carolyn Jones had a stroke last year. Since that time, getting to the grocery store and preparing meals has become an insurmountable task for her. That’s why she has meals delivered right to her home.
Each weekday around lunchtime, John Holladay of Suffolk Meals on Wheels drops by with two meals for Jones, one hot, like last Thursday’s meatloaf and potatoes, and a boxed one, typically a sandwich, and a salad, roll and drink.
“I wouldn’t want to be without my Meals on Wheels,” said Jones. “I depend on them.”
Last Updated ( Wednesday, 17 March 2010 10:04 ) Read more...
   

Dog theft case goes to grand jury

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By Diana McFarland
Smithfield Times News editor

The former Humane Society president accused of stealing a dog will have her case go before an Isle of Wight grand jury in May.
Surry resident Valerie Delgado appeared in Isle of Wight County General District Court Thursday for a preliminary hearing concerning a yellow lab taken Sept. 9 from a Smithfield family’s backyard.
The dog’s owner, Charles Salmon Jr., testified that he came home from work at about 4 p.m. that day and found the dog missing from its runner in the backyard. The dog’s collar had been removed.

Last Updated ( Wednesday, 17 March 2010 09:14 ) Read more...
 

Old SS&S land may be used

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By Diana McFarland
Smithfield Times News editor

A route hasn’t been finalized, but the rail line set to serve the proposed coal-fired power plant in Dendron could run along some or part of the former SS&S line, according to an ODEC spokesman.

Last Updated ( Friday, 19 March 2010 10:13 ) Read more...
 

Reader never misses a paper

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By Kelly Barlow
Smithfield Times Staff writer
Anne Martin is a self-described “addict” of The Smithfield Times. She has subscribed to the paper all of her life and clearly remembers that her parents, too, got the paper every week. 
“I would not dare do anything but read every line,” said Martin. “I want to know what’s going on, what the controversies are, and what the successes might be.”

Last Updated ( Wednesday, 17 March 2010 09:21 ) Read more...
 

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