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Roll Call
Approve Minutes of
January 21, 2025
Meeting
A Resolution of the
Board of Directors
Authorizing the
President to Sign Loan
Documents for the
Choice Neighborhood V-
Downtown
Minutes of a Meeting of the
Choice Neighborhood V-Downtown Development Corporation
May 20, 2025
Having duly given public notice, the Board of Directors of the Choice Neighborhood V-
Downtown Development Corporation met at the offices of the Authority at 227-27
Street, in the City of Newport News, Virginia, at 9:12 a.m. on Tuesday, May 20, 2025.
The meeting was called to order by Chairperson Davis and those present were as
follows:
Directors Present: Lisa Wallace-Davis
Thaddeus Holloman
William Black
George Knight
Barbara Holley
Alonzo R. Bell, Jr.
Also present: Raymond H. Suttle, Jr.
Kaufman & Canoles, P.C.
Lysandra M. Shaw
Executive Director
Tera Lockley
Director of Housing
Valarie Ellis, Director
Administrative Services
Lisa Dessoffy, Director
Finance
David Staley, Director
Community Development
Kayonia M. Betts
Executive Assistant
Justin Orie
NNRHA IT Department
Tricia Wilson
City of Newport News, Department of Development
Doug Sbertoli
WilliamsMullen
Director Holloman made a motion to approve the minutes of the January 21, 2025,
meeting. The motion was seconded by Director Black and passed with a majority vote.
Mr. Bell abstained as he was not present at the previous meeting.
Ms. Shaw reported that as President, she is requesting Board approval of a resolution
authorizing the execution of loan documents for the final housing phase of the Choice
Neighborhood Implementation Grant—Choice Neighborhood V — Downtown. The
project is owned by Choice Neighborhood V — Downtown LLC, with its managing
member being Choice Neighborhood V — Downtown Development Corporation, in which
NNRHA is a shareholder. All documents will be reviewed by NNRHA counsel, Raymond
Suttle, before signing. Board approval is recommended.
Director Black made a motion to approve the resolution. Director Knight seconded the
motion which passed with a unanimous vote. The resolution is attached to and made a
part of these minutes.Jump to an indexed page (75 of 75)