Legislation # 07-0531 Enactment Number none
Type Resolution Effective Date none
Introduction Date 9/26/2007
Title Resolution of the City Council of the City of Hampton, Virginia, Approving the Creation of the Hampton Economic Development Corporation by the Hampton Redevelopment and Housing Authority Pursuant to Title 36-19.12 of the Code of Virginia.
 
Legislation History 07-0531
DateNotice Of ActionDescription
9/26/2007 Approved - items 1 through 9 and 11 and 12 on the consent agenda.
9/19/2007 Received By Clerk's Office
 
View Attachments 07-0531
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Legislation Text 07-0531

 

City of Hampton, Virginia

Resolution

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 07-0531

 

Enactment Number: -

 

Resolution of the City Council of the City of Hampton, Virginia, Approving the Creation of the Hampton Economic Development Corporation by the Hampton Redevelopment and Housing Authority Pursuant to Title 36-19.12 of the Code of Virginia.

 

RESOLUTION

WHEREAS, the Virginia Housing Authorities Law, Title 36 of the Code of Virginia, Section 36-19.12, permits housing authorities to form corporations with the approval of the local governing body; and

 

WHEREAS, on July 23, 2007, the City Council of the City of Hampton directed the city manager and city attorney to assist the Hampton Redevelopment and Housing Authority (HRHA) in establishing a wholly owned subsidiary company of the HRHA; and

 

WHEREAS, on August 29, 2007, HRHA formed the Hampton Economic Development Corporation (HEDC), a wholly owned subsidiary of the HRHA; and

 

WHEREAS, the City Council of the City of Hampton desires to ratify its actions authorizing the creation of HEDC and approve the formation of HEDC by the HRHA.

 

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HAMPTON, VIRGINIA:

 

1.                  That the City Council of the City of Hampton, Virginia, hereby ratifies its actions authorizing the creation of the Hampton Economic Development Corporation as a wholly owned subsidiary of the Hampton Redevelopment and Housing Authority.

 

2. That the City Council of the City of Hampton, Virginia, hereby approves the formation of the Hampton Economic Development Corporation by the Hampton Redevelopment and Housing Authority pursuant to the authority granted in Title 36-19.12 of the Code of Virginia.

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on September 26, 2007.

 

 

 

Signed by ____________________________ Date _________________

Ross A. Kearney, II, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council