Minutes 04/14/2026 - Laserfiche WebLink

Home Browse Search

April 14, 2026 “ORDINANCE AUTHORIZING PAYMENT OF ESCHEATED FUNDS FROM THE TAX SALE OF 3506 BLAINE STREET TO DAVID V. GILL AND DANIEL LEE BARNS AS AUTHORIZED BY SECTION 58.1-3967 OF THE VIRGINIA CODE AND APPROPRIATING THE SUM OF $9,525.24 FROM THE FUND BALANCE OF THE GENERAL FUND TO THE FY 2026 GENERAL FUND BUDGET FOR SAID PURPOSE. ” 26-99b: Adoption of an ordinance accepting a settlement payment in the amount of $198,550 from AXA Insurance and appropriating said funds to the Seawall project in the FY 2026 Capital Improvement Fund to reimburse the cost of repairs necessitated by a ferry hitting the seawall. Background:  The Portsmouth seawall was damaged by the HRT Ferry.  The City has completed all work necessary to repair the damage.  The insurance company for the Ferry Operator, Norfolk by Boat Inc., has agreed to pay the City for the damage and the cost of the repairs. Discussion:  The settlement amount is $198,550, which was based on the initial contractor quote for repair work.  The actual work was completed for a total of $197,600. Financial Impact:  No local match is required as a condition of the funding. Recommended Action:  Adoption of the ordinance. Strategic Pillar #2: Financial & Operational Excellence. Next Steps Following Council Action:  The City Manager will execute the necessary settlement release.  The funds will be appropriated to the Seawall Capital Improvement project to reimburse the money that was spent to complete the repairs. “ORDINANCE ACCEPTING A SETTLEMENT PAYMENT IN THE AMOUNT OF $198,550 FROM AXA INSURANCE AND APPROPRIATING SAID FUNDS TO THE SEAWALL PROJECT IN THE FY 2026 CAPITAL IMPROVEMENT FUND TO REIMBURSE THE COST OF REPAIRS NECESSITATED BY A FERRY HITTING THE SEAWALL. ” 26-99c: Adoption of an ordinance accepting Port Host Communities Revitalization Funds in the amount of $800,000 from the Virginia Department of Housing and Community Development and appropriating said funds in the FY 2026 Grants Fund for distribution to the Portsmouth Port and Industrial Commission. Background:  By Resolution R-24-28 adopted on September 24, 2024, City Council affirmed its support of an application by Norfolk & Portsmouth Belt Line Railroad for a Port Host Communities Grant to assist with the cost of developing a dual rail served multi- commodity rail transloading facility at 1040 Virginia Avenue.  The Commonwealth awarded the application a grant in the amount of $800,000. Discussion:  Under the Port Host Communities program, the Commonwealth disburses grants funds to the City. The City then disburses the funds to the PPIC, which disburses them to the applicant.