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St. Thomas environmental attorney Nycole Thompson of Tom Bolt & Associates, PC and counsel to the Friends of Christmas Cove addressed a jammed Port Authority conference room Tuesday night during a Coastal Zone Management (CZM) Committee public hearing regarding a proposal to moor a floating bar and restaurant known as the Leylon Sneed in Christmas Cove. 

Thompson working with the newly formed citizen’s group Friends of Christmas Cove told the CMZ commissioners that grounds for denial of the permit rest in the fact that it hasn’t met the application standards for such things as environmental findings and proof that the proposal serves the public good.  "The application submitted to the Commission was woefully insufficient," Nycole Thompson said. "Because there is insufficient information … this permit should not be granted." 
     

     

Continue Reading Environmental Attorney Defends Endangered Species at Christmas Cove

Tom Bolt, Chairman of the Board of Alliance Title & Trust Company, LLC, one of the largest and most comprehensive title insurance agencies in the United States Virgin Islands, announced the appointment Tuesday of its new President, Christopher R. Johnson.  “Johnson, an attorney  who was recently working with the law firm of Morgan, Lewis, and  Bockius in Philadelphia brings significant experience in real estate and title insurance to Alliance.” Bolt said.  “In addition to being a partner in his own title company, Chris has a  thorough knowledge of real estate, real estate development and finance and the title industry.  He will be an invaluable asset to our continuing to grow Alliance Title & Trust Company.”

 Continue Reading Alliance Title & Trust Company Adds New Staff

Governor John P. deJongh, Jr. announced Saturday at the Annual Meeting of the Virgin Islands Territorial Association of REALTORS at Caneel Bay on St. John that President Bush had signed a bill that had been stalled in the U.S. Congress that would allow the Legislature of the Virgin Islands to implement special assessment rates for real property tax bills.

Tom Bolt, General Counsel for VITAR explained to the group that previously the federal court had ruled that the local goverment did not have the authority to provide special assessment rates.  "This put homestead, veterans, senior citizens, and disabled persons assessment rates in jeopardy." Bolt explained.  "With the new law in place, these rates are now authorized by law." Attorney Bolt explained. Continue Reading President Bush Signs Virgin Islands Property Tax Bill

A.P. Carlton, a nationally renowned expert on Public Private Partnerships (PPPs) briefed civic and business leaders today about the advantages and benefits for the US Virgin Islands in utilizing PPP’s, their impact on the Territory’s economy and workforce, as well as the regulatory environment.

Speaking to the Rotary Club of St. Thomas Sunrise, Mr. Carlton pointed out how the strategic utilization of private partnerships for public needs could assist and accelerate theconstruction of schools, hospitals, prisons and roads.

Continue Reading Leading Expert Briefs Civic Leaders on Advantages of Public Private Partnerships

After living in a small apartment in the Garden Street area on St. Thomas, Celecia Hernadez, a single mother with seven children, looks forward to finally owning her own home.
 
      "And I thank Habitat for Humanity Virgin Islands for giving me that opportunity," she said at a groundbreaking ceremony held on Adele Gade early Saturday morning.

     "I can’t wait to put the key in the lock and open the door," she added, both smiling and crying with members of the organization and the large group of community residents in attendance.
 
    


Continue Reading Habitat Bringing A New House Full of Children to Adele Gade Site

A closing in the Virgin Islands is not something to fear. You take title to the property you have contracted for in exchange for money. At the closing table with you will be the following parties: The seller, the seller’s attorney, the realtors (you should recognize one of them but in the Virgin Islands both are considered agents of the seller), your attorney, and a title insurer. The seller’s attorney is responsible for drafting the deed, submitting it to the cadastral (unless it’s a condominium) the government agent who pre-approves a deed for transfer of property, acquires the tax letter required locally to record the deed, tax receipts to show the title insurer that the property is current in taxes, and prepares the closing statement, providing the parties with funding requirements and disbursements.Continue Reading Real Estate Closings in the Virgin Islands