Title
Resolution to Dissolve the Peninsula Stadium Authority
Purpose
PURPOSE/BACKGROUND:
The Peninsula Stadium Authority (the “Authority”) was formed by joint action of the City Councils of the City of Newport News, Virginia (“Newport News”) and the City of Hampton, Virginia (“Hampton”) in 1962 pursuant to the Virginia Public Recreational Facilities Authorities Act. In 2007, Newport News withdrew from the Authority and Hampton has been the sole participating municipal member of the Authority since that time. The Authority has substantially fulfilled the purpose for which it was formed and it is the desire of the Authority and the City to dissolve the Authority at this time.
On June 2, 2025, the Authority’s Board voted to dissolve the Authority, pursuant to Virginia Code § 15.2-5616, effective at 12:00AM on July 1, 2025. A copy of the approved Authority resolution is attached. The title to all funds and properties owned by the Authority shall vest in the City, as the sole participating municipal member.
At its June 11, 2025 meeting, City Council will also consider a resolution to establish the War Memorial Stadium Advisory Board (the “Advisory Board”), which shall function in a manner similar to the Authority’s Board. The Department of Parks, Recreation and Leisure Services shall manage this newly established Advisory Board, which will fulfill the need for ongoing community input regarding the operation and maintenance of the Stadium.
In summary, the purpose of this resolution is to dissolve the Peninsula Stadium Authority. The ownership of War Memorial Stadium and any remaining Authority funds shall transfer to the City. Authority funds shall be placed into a line item within the Parks, Recreation and Leisure Services budget for the purpose of the Stadium’s operation and maintenance. The establishment of the War Memorial Stadium Advisory Board will fulfill the need for ongoing community input regarding the operation and maintenance of the Stadium.
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