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A RESOLUTION OF THE NEWPORT NEWS REDEVELOPMENT AND HOUSING
AUTHORITY AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE
FUNDING AGREEMENT TO FACILITATE THE DEVELOPMENT OF THE CHOICE
NEIGHBORHOOD V PROJECT AND RELATED PHYSICAL SITE IMPROVEMENTS
WHEREAS, the City of Newport News, Virginia (the “City”) and the Newport News
Redevelopment and Housing Authority (the “Authority”) were awarded a Choice
Neighborhood Initiative Grant pursuant to that Choice Neighborhood Initiative
Implementation Grant Agreement dated June 27, 2019 (the “Grant Agreement’) by and
among the United States Department of Housing and Urban Development (“HUD”), the
Authority and the City; and
WHEREAS, the City has incorporated additional funding, separate from the CNI
Implementation Grant, for the Transformation Plan and related activities into its budget
and Capital Improvement Plan, including support for Authority’s activities in furtherance
of the Transformation Plan; and
WHEREAS, the City and Authority desire to document their agreement regarding the
City’s provision of such funds to the Authority in the form of financial assistance to
support the development of the Choice Neighborhood V Project, consisting of 73 units
located at 2815 Washington Avenue, which will also include a retail/commercial
component comprised of approximately 3,400 square feet of space.
NOW THEREFORE BE IT RESOLVED that the Newport News Redevelopment and
Housing Board of Commissioners authorizes the Executive Director to execute said
Agreement contingent upon attorney review and approval.
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