Legislation # 07-0340 Enactment Number none
Type Resolution Effective Date none
Introduction Date 6/20/2007
Title Resolution Endorsing The Withdrawal Of The City Of Newport News, Virginia From The Peninsula Stadium Authority Effective July 1, 2007 With The Authority Continuing To Operate Thereafter Pursuant To The Public Recreational Facilities Authorities Act With The City Of Hampton, Virginia As Its Sole Member
 
Legislation History 07-0340
DateNotice Of ActionDescription
6/20/2007 Adopted
6/8/2007 Received By Clerk's Office
 
View Attachments 07-0340
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Legislation Text 07-0340

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0340

 

Enactment Number: -

 

Resolution Endorsing The Withdrawal Of The City Of Newport News, Virginia From The Peninsula Stadium Authority Effective July 1, 2007 With The Authority Continuing To Operate Thereafter Pursuant To The Public Recreational Facilities Authorities Act With The City Of Hampton, Virginia As Its Sole Member

 

RESOLUTION

WHEREAS, The Peninsula Stadium Authority (Authority) was created in 1962 by the joint action of the Council of the City of Newport News, Virginia, and the Council of the City of Hampton, Virginia, and has operated continuously since that time pursuant to Chapter 393 of the 1962 Acts of the General Assembly of Virginia, known as the Public Recreational Facilities Authorities Act (Act); and

 

WHEREAS, pursuant to Section 15.2-5602D of the Act, any locality which is a member of an existing authority may withdraw therefrom, provided that any outstanding obligations thereof are secured by United States obligations or the unanimous consent of holders of the outstanding obligations is first obtained;

 

WHEREAS, at a duly authorized meeting of the Authority held on May 8, 2007, the Authority has consented to the withdrawal by the City of Newport News as a member thereof, that the Authority through duly authorized agents has represented that it has no outstanding obligations, and has further represented that there are no outstanding obligations owed by the City of Newport News to the Authority;

 

WHEREAS, the City of Hampton desires that the Authority continue in existence under the Act, and that the City of Hampton may hereafter appoint or reappoint the necessary Board members as required and shall amend the Authoritys articles of incorporation to effectuate this withdrawal and the related organizational changes; and

 

WHEREAS, notice of the public hearings of the respective member City Councils approving the withdrawal of the City of Newport News from the Authority has been advertised in a local newspaper of general circulation in both Cities.

 

NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Hampton, Virginia:

 

1. That it hereby approves and endorses the City of Newport News withdrawal from the Peninsula Stadium Authority effective July 1, 2007.

 

2. That it authorizes the City Manager to execute any and all documents necessary to effectuate the withdrawal and any documents related thereto, following appropriate review by the City Attorney, and to take all such other actions as are necessary and appropriate to insure that the Peninsula Stadium Authority continues to exist and serve its founding purposes with the City of Hampton as its sole member.

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on June 20, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council