Revenue Bonds Approved for Newport Harbor Apartments
Harbour-Newport News Limited Partnership plans on acquiring and renovating the 200-unit Newport Harbor Apartments located at 2301 Madison Avenue and have sought assistance from the Newport News Redevelopment and Housing Authority for the financing of the project. Last month, NNRHA approved the issuance of up to $18 million in revenue bonds for the acquisition, construction, renovation, rehabilitation and equipping of the complex. The issuance of the bonds also required Council approval, which they gave last night. The approval and issuance of the bonds for the benefit of Harbour-Newport News Limited Partnership does not constitute an endorsement of the creditworthiness of the project nor does it obligate the City or NNRHA to pay the bonds.
Asset Forfeiture Funds Appropriated
Last night City Council appropriated $12,600 from the Asset Forfeiture Fund for the Commonwealth’s Attorney’s Office to purchase a three year Lexis Advance software subscription that will support 29 attorneys. Asset forfeiture funds are transferred from the Virginia Department of Criminal Justice to the Commonwealth’s Attorney as a result of police officers participating in state and federal criminal cases where the defendant’s assets are seized.
All items on last night’s regular City Council meeting agenda were approved, and the entire Council meeting can be viewed on-demand.
The next regular meeting of the Newport News City Council will be Tuesday, January 23. City Council typically meets the 2nd and 4th Tuesdays of each month at 7:00 pm in City Council Chambers, City Hall, 2400 Washington Avenue. Meetings are shown live on the City's Cable Channel NNTV (Cox Ch 48/Verizon Ch 19) and are streamed live on www.nnva.gov/nntv. City Council meetings are also available to be watched on-demand the day following the meeting. Oftentimes City Council holds work sessions in the 10th floor conference room of City Hall in the afternoon before the regular meetings. Work sessions are open to the public. Agendas for work sessions and regular meetings are available online in the Agenda Center the Friday before the meeting.