City Council
Regular MeetingPetersburg, VA · April 25, 2023
Minutes
Minutes from the Petersburg City Council Special meeting held on April 25, 2023 -1–
The Special Meeting of the Petersburg City Council was held on Tuesday, April 25, 2023, at the Petersburg
Public Library. Mayor Parham called the Closed Session Meeting to order at 5:03 p.m.
1. ROLL CALL:
Present:
Council Member Charles H. Cuthbert, Jr.
Council Member Marlow Jones
Council Member Annette Smith-Lee
Council Member W. Howard Myers
Council Member Arnold Westbrook, Jr.
Vice Mayor Darrin Hill
Mayor Samuel Parham
Absent: None
Present from City Administration:
Clerk of Council Nykesha D. Lucas
City Manager John March Altman, Jr.
City Attorney Anthony Williams
2. OFFICIAL PUBLIC HEARINGS:
a. A public hearing and consideration of an ordinance approving a petition to rezone the property
located at 113 Wes Bank Street from M-1 to PUD for April 18, 2023.
BACKGROUND: The City of Petersburg received a Petition from Waukeshaw Development, Inc. to
rezone the property located at 113 West Bank Street from M-1 to PUD.
The proposed use is mixed-use. Per the Petitioner, the current zoning of M-1 is obsolete, and it is not viable for
manufacturing. They believe the highest and best use of the property is mixed-use. The current zoning, M-1
District, does not permit residential use. Impacts would include removal of blight, and reinvestment in the
neighborhood. The project will serve to protect and preserve the historic character of the neighborhood. The
proposed development would add market rate residential units in the historic downtown.
The Planned Unit Development District, by offering developers the opportunity to overcome traditional zoning
limitations, is intended to encourage innovative design approaches to large-scale subdivisions and commercial
development. Planned Unit Development may be permitted on tracts of at least ten (10) acres which are under
unified ownership or control.
The minimum number of acres required should be waived because a planned unit development is in the public
interest and that one or more of the following conditions exist: (1)Because of unusual features of the property
itself or of the neighborhood in which it is located, a substantial deviation from the regulations otherwise
applicable is necessary or appropriate in order to conserve a physical or topographic feature of importance to
the city; (2)The property or its neighborhood possesses an historical character, that is of importance to the
community, which will be preserved and protected by a planned unit development; or (3)The property is
adjacent to or across the street from property which has been developed or redeveloped under the Planned
Unit Development District, and a planned unit development will contribute to the maintenance of the amenities
and values of the neighboring property. The acreage requirement could be waived because the property and
the neighborhood possess an historical character, that is of importance to the community, which will be
preserved and protected by a planned unit development.
Minutes from the Petersburg City Council Special meeting held on April 25, 2023 -2–
The Planning Commission will consider a resolution recommending approval of the petition during the April 6,
2023, Planning Commission meeting.
RECOMMENDATION: It is recommended that the City Council holds a Public Hearing and
adopts an ordinance approving the petition to rezone the property located at 113 West Bank Street from M-1
District to Planned Unit Development (PUD).
Reginald Tabor, Department of Planning and Community Development, gave an overview of the
request.
Mayor Parham opened the floor for public comments.
Michelle Murrills, 131 S. Market Street, stated that Richmond City Council last night got rid of all set
parking spaces based on any development. She stated that she knows that with this hearing and the next
public hearing on the agenda that people were complaining about was how many people and cars this would
bring in if it was changed. She stated that she thinks that it is a good idea to have it and have him change the
zoning. She stated that Petersburg should follow Richmond and now worry so much about the parking that is
associated with the buildings. She stated that she thinks that the parking structure that the city has should be
open 24hrs a day. She stated that there is another one that is supposedly being built soon. She stated that she
thinks that the city should allow the developments to go through.
Dave McCormack, 245 East Bank Street, stated that this particular building is parking restrained. He
stated that they want to work under the standards of the Department of Historic Resources and National Park
Services like they have done many in town. He stated that he is excited about this project and that he
appreciates the city’s support.
Seeing no further hands, Mayor Parham closed the public hearing.
There was a discussion among the City Council, Mr. McCormack, and staff.
Council Member Myers made a motion to approve the ordinance approving the petition to rezone the
property located at 221 Bollingbrook Street from M-1, Light Manufacturing District to PUD, Planned Unit
Development. Council Member Myers seconded the motion. There was discussion among the City Council.
The motion was approved on roll call vote. On roll call vote, voting yes: Cuthbert, Jones, Smith-Lee, Myers,
Westbrook, Hill, and Parham
23-ORD-24 AN ORDINANCE APPROVING A PETITION TO REZONE PROPERTY IN THE CITY OF
PETERSBURG, LOCATED AT 113 WEST BANK STREET, PIN 011130038, FROM LIGHT
MANUFACTURING DISTRICT (M-1) TO PLANNED UNIT DEVELOPMENT DISTRICT (PUD).
Mayor Parhm thanked Mr. McCormack for all that he does with setting the bar for the brand of growth in
the City of Petersburg.
b. A public hearing and consideration of an ordinance approving the petition to rezone the property
located at 221 Bollingbrook Street from M-1, Light Manufacturing District to PUD, Planned Unit
Development for April 18, 2023.
BACKGROUND: The City of Petersburg received a Petition from Waukeshaw Development, Inc. to
rezone the property located at 221 Bollingbrook Street from M-1 to PUD.
The proposed use is residential. Per the Petitioner, the current zoning M-1 is obsolete, and it is not viable for
Minutes from the Petersburg City Council Special meeting held on April 25, 2023 -3–
manufacturing. They believe the highest and best use of the property is residential. The current zoning, M-1
District, does not permit residential use. Impacts would include removal of blight, reinvestment in the
neighborhood and it will serve to protect and preserve the historic character of the neighborhood. The
proposed development would add 70+ market rate residential units in the neighborhood. The project
represents a major investment in a blighted historic structure.
The Planned Unit Development District, by offering developers the opportunity to overcome traditional zoning
limitations, is intended to encourage innovative design approaches to large-scale subdivisions and commercial
development. Planned Unit Development may be permitted on tracts of at least ten (10) acres which are under
unified ownership or control. The minimum number of acres required should be waived because a planned unit
development is in the public interest and that one or more of the following conditions exist:
(1)Because of unusual features of the property itself or of the neighborhood in which it is located, a substantial
deviation from the regulations otherwise applicable is necessary or appropriate in order to conserve a physical
or topographic feature of importance to the city; (2)The property or its neighborhood possesses an historical
character, that is of importance to the community, which will be preserved and protected by a planned unit
development; or (3)The property is adjacent to or across the street from property which has been developed or
redeveloped under the Planned Unit Development District, and a planned unit development will contribute to
the maintenance of the amenities and values of the neighboring property. The acreage requirement could be
waived because the property and the neighborhood possess an historical character, that is of importance to
the community, which will be preserved and protected by a planned unit development.
The Planning Commission will consider a resolution recommending approval of the petition during the April 6,
2023, Planning Commission meeting.
RECOMMENDATION: It is recommended that the City Council holds a public hearing and adopts
an ordinance approving the petition to rezone the property located at 221 Bollingbrook Street from M-1 District
to Planned Unit Development (PUD).
Reginald Tabor, Department of Planning and Community Development, gave an overview of his
request.
Mayor Parham opened the floor for public comments.
Seeing no hands, Mayor Parham closed the public hearing.
Council Member Myers made a motion to approve the ordinance approving the petition to rezone the
property located at 221 Bollingbrook Street from M-1, Light Manufacturing District to PUD, Planned Unit
Development. Council Member Westbrook seconded the motion. The motion was approved on roll call vote.
On roll call vote, voting yes: Cuthbert, Jones, Smith-Lee, Myers, Westbrook, Hill, and Parham
23-ORD-25 AN ORDINANCE APPROVING A PETITION TO REZONE PROPERTY IN THE CITY OF
PETERSBURG, LOCATED AT 221 BOLLINGBROOK STREET, PIN 011040009, FROM
LIGHT MANUFACTURING DISTRICT (M-1) TO PLANNED UNIT DEVELOPMENT DISTRICT
(PUD).
3. UNFINISHED BUSINESS:
a. Consideration of a resolution approving the development agreement for development of 703
Bank Street, 716 Wythe Street, and 801 Bank Street, Petersburg, Virginia between the City of
Petersburg and New Light, LLC.
Minutes from the Petersburg City Council Special meeting held on April 25, 2023 -4–
BACKGROUND: The City of Petersburg City Council approved an ordinance authorizing the City
Manager to execute documents related to the sale of city-owned property located at 703 Bank Street, 716
Wythe Street, 801 Bank Street on February 21, 2023. Following a due diligence period, a Development
Agreement has been drafted that requires, in consideration of the city’s conveyance of the Property to New
Light, LLC shall perform the redevelopment of the property strictly in compliance with the project summary
documents and in accordance with the terms in the agreement.
The Development Agreement shall be referenced as set forth fully in the deed of conveyance of the
property from the city to New Light, LLC. The deed shall include provisions for the reverter described in the
Development Agreement.
RECOMMENDATION: Staff recommend the City Council make a motion to approve the
development agreement by resolution.
Brian Moore, Director of Economic Development and Planning & Community Development, gave an
overview of the request.
Council Member Myers made a motion to approve the resolution. Vice Mayor Hill seconded the motion.
There was discussion among the City Council and staff. The motion was approved on roll call vote. On roll call
vote, voting yes: Cuthbert, Jones, Smith-Lee, Myers, Westbrook, Hill, and Parham
23-R-34 A RESOLUTION APPROVING THE DEVELOPMENT AGREEMENT FOR DEVELOPMENT
OF 703 BANK STREET, 716 WYTHE STREET, AND 801 BANK STREET, PETERSBURG,
VIRGINIA BETWEEN THE CITY OF PETERSBURG AND NEW LIGHT, LLC.
4. ADJOURNMENT:
The City Council adjourned at 5:46 p.m.
_________________________
Clerk of City Council
APPROVED:
_________________________
Mayor
Agenda
City of Petersburg
City Council
Virginia
www.petersburgva.gov Samuel Parham, Mayor – Ward 3
Darrin Hill, Vice Mayor – Ward 2
Marlow Jones, Councilor – Ward 1
Charlie Cuthbert, Councilor – Ward 4
April 25, 2023 - Special City W. Howard Myers, Councilor– Ward 5
Annette Smith-Lee, Councilor - Ward 6
Council Meeting Arnold Westbrook, Jr., Councilor – Ward 7
April 25, 2023 City Manager
Petersburg Public Library John March Altman, Jr.
201 West Washington Street
Petersburg, VA 23803
5:00 PM
1. Roll Call
2. Official Public Hearings
a. A Public Hearing and consideration of an ordinance approving a petition to rezone the property
located at 113 W Bank Street from M-1 to PUD for April 18, 2023. (Page 2)
b. A Public Hearing and consideration of an ordinance approving the petition to rezone the property
located at 221 Bollingbrook Street from M-1, Light Manufacturing District to PUD, Planned Unit
Development for April 18, 2023. (Page 15)
3. Unfinished Business
a. Consideration of a Resolution Approving the Development Agreement for Development Of 703
Bank Street, 716 Wythe Street, and 801 Bank Street, Petersburg, Virginia Between The City Of
Petersburg and New Light, LLC. (Page 29)
4. Adjournment
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2.a.
City of Petersburg
Ordinance, Resolution, and Agenda Request
DATE: April 25, 2023
TO: The Honorable Mayor and Members of City Council
THROUGH: March Altman, Jr., City Manager
Tangela Innis, Deputy City Manager
Brian Moore, Director of Economic Development
FROM: Reginald Tabor
RE: A Public Hearing and consideration of an ordinance approving a petition to rezone the
property located at 113 W Bank Street from M-1 to PUD for April 18, 2023. (Page 2)
PURPOSE: To consider an ordinance approving the petition to rezone the property located at 113 West Bank
Street from M-1 to PUD.
REASON: To comply with policies, procedures and laws regarding the rezoning of properties.
RECOMMENDATION: It is recommended that the City Council holds a Public Hearing and adopts an
ordinance approving the petition to rezone the property located at 113 West Bank Street from M-1 District to
Planned Unit Development (PUD).
BACKGROUND: The City of Petersburg received a Petition from Waukeshaw Development, Inc. to rezone
the property located at 113 West Bank Street from M-1 to PUD.
The proposed use is mixed-use. Per the Petitioner, the current zoning of M-1 is obsolete and it is not viable for
manufacturing. They believe the highest and best use of the property is mixed-use. The current zoning, M-1
District, does not permit residential use. Impacts would include removal of blight, and reinvestment in the
neighborhood. The project will serve to protect and preserve the historic character of the neighborhood. The
proposed development would add market rate residential units in the historic downtown.
The Planned Unit Development District, by offering developers the opportunity to overcome traditional zoning
limitations, is intended to encourage innovative design approaches to large-scale subdivisions and commercial
development. Planned Unit Development may be permitted on tracts of at least ten (10) acres which are under
unified ownership or control.
The minimum number of acres required should be waived because a planned unit development is in the public
interest and that one or more of the following conditions exist: (1)Because of unusual features of the property
itself or of the neighborhood in which it is located, a substantial deviation from the regulations otherwise
applicable is necessary or appropriate in order to conserve a physical or topographic feature of importance to
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the city; (2)The property or its neighborhood possesses an historical character, that is of importance to the
community, which will be preserved and protected by a planned unit development; or (3)The property is
adjacent to or across the street from property which has been developed or redeveloped under the Planned Unit
Development District, and a planned unit development will contribute to the maintenance of the amenities and
values of the neighboring property. The acreage requirement could be waived because the property and the
neighborhood possess an historical character, that is of importance to the community, which will be preserved
and protected by a planned unit development.
The Planning Commission will consider a resolution recommending approval of the petition during the April 6,
2023 Planning Commission meeting.
COST TO CITY: N/A
BUDGETED ITEM: N/A
REVENUE TO CITY: Revenue from the redevelopment of the property.
CITY COUNCIL HEARING DATE: 4/18/2023
CONSIDERATION BY OTHER GOVERNMENT ENTITIES: N/A
AFFECTED AGENCIES: City Assessor, Economic Development, Planning and Community Development
RELATIONSHIP TO EXISTING ORDINANCE OR RESOLUTION: City Code Appendix B: Zoning
REQUIRED CHANGES TO WORK PROGRAMS: N/A
ATTACHMENTS:
1. 0404_2023OrdinanceRezoning113WBankSt
2. 0418_2023AgendaItemSummary113WBankSt
3. 0323_2023PetitionPUD113WBankSt
4. 0323_2023AerialPhoto113WBankSt
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AN ORDINANCE APPROVING A PETITION TO REZONE PROPERTY IN THE CITY
OF PETERSBURG, LOCATED AT 113 WEST BANK STREET, PIN 011130038, FROM
LIGHT MANUFACTURING DISTRICT (M-1) TO PLANNED UNIT DEVELOPMENT
DISTRICT (PUD)
WHEREAS, the City of Petersburg received a petition to rezone the property located at 113 West
Bank Street, PIN 011130038, from Light Manufacturing District (M-1) to Planned Unit Development
District (PUD); and
WHEREAS, the proposed use is mixed-use, and per the Petitioner, the current zoning of M-1 is
obsolete, and it is not viable for manufacturing; and
WHEREAS, the Petitioner believes that the highest and best use of the property is mixed-use,
however the current zoning, M-1 District does not permit residential use; and
WHEREAS, the impacts would include removal of blight, and reinvestment in the neighborhood;
and
WHEREAS, the proposed use will serve to protect and preserve the historic character of the
neighborhood, and it would add market rate residential units in the historic downtown; and
WHEREAS, the Planned Unit Development District is intended to encourage innovative design
approaches to large-scale subdivisions and commercial development; and
WHEREAS, the Planned Unit Development may be permitted on tracts of at least ten (10) acres
which are under unified ownership or control, however, the minimum number of acres required may be
waived if the property and the neighborhood possess an historical character, that is of importance to the
community, which will be preserved and protected by a planned unit development; and
WHEREAS, the Planning Commission will consider a resolution recommending approval of the
petition during the April 6, 2023, Planning Commission meeting.
NOW THEREFORE BE IT ORDAINED that the City Council of the City of Petersburg hereby
approves the petition to rezone the property located at 113 West Bank Street, PIN 011130038, from
Light Manufacturing District (M-1) to Planned Unit Development District (PUD).
Page 4 of 50
City of Petersburg Planning Commission Agenda Item
Case No: 2023-REZ-02
Public Hearing Date: April 18, 2023
Property Address: 113 W Bank Street
Parcel ID: 011130038
Agent: Mr. John McCormack
Request Staff Recommendation
Petition to rezone property from M-1 to PUD TBD
Summary of Proposal
A Petition to rezone the property located at 113 W Bank Street from M-1 to PUD. The proposed use is
mixed-use. Per the Petitioner, the current zoning of M-1 is obsolete, and manufacturing is not a viable use
for the property. They believe the highest and best use of the property is mixed-use. The current zoning, M-
1 District does not permit residential use. Impacts would include removal of blight, and reinvestment in the
neighborhood. The project will serve to protect and preserve the historic character of the neighborhood.
The proposed development would add market rate residential units in the historic downtown.
Parcel ID Acreage Current Zoning Designation
011130038 .45 acres M-1 Light Manufacturing District
Photo Comprehensive Plan Designation
Commercial
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113 West Bank Street
03/05/2023 Page 14 of 50
2.b.
City of Petersburg
Ordinance, Resolution, and Agenda Request
DATE: April 25, 2023
TO: The Honorable Mayor and Members of City Council
THROUGH: March Altman, Jr., City Manager
Tangela Innis, Deputy City Manager
Brian Moore, Director of Economic Development
FROM: Reginald Tabor
RE: A Public Hearing and consideration of an ordinance approving the petition to rezone the
property located at 221 Bollingbrook Street from M-1, Light Manufacturing District to
PUD, Planned Unit Development for April 18, 2023. (Page 15)
PURPOSE: To consider an ordinance approving the petition to rezone the property located at 221
Bollingbrook Street from M-1 to PUD.
REASON: To comply with policies, procedures and laws regarding the rezoning of properties.
RECOMMENDATION: It is recommended that the City Council holds a Public Hearing and adopts an
ordinance approving the petition to rezone the property located at 221 Bollingbrook Street from M-1 District to
Planned Unit Development (PUD).
BACKGROUND: The City of Petersburg received a Petition from Waukeshaw Development, Inc. to rezone
the property located at 201 Bollingbrook Street from M-1 to PUD.
The proposed use is residential. Per the Petitioner, the current zoning M-1 is obsolete and it is not viable for
manufacturing. They believe the highest and best use of the property is residential. The current zoning, M-1 District
does not permit residential use. Impacts would include removal of blight, reinvestment in the neighborhood and it
will serve to protect and preserve the historic character of the neighborhood. The proposed development would add
70+ market rate residential units in the neighborhood. The project represents a major investment in a blighted
historic structure.
The Planned Unit Development District, by offering developers the opportunity to overcome traditional zoning
limitations, is intended to encourage innovative design approaches to large-scale subdivisions and commercial
development. Planned Unit Development may be permitted on tracts of at least ten (10) acres which are under
unified ownership or control. The minimum number of acres required should be waived because a planned unit
development is in the public interest and that one or more of the following conditions exist:
(1)Because of unusual features of the property itself or of the neighborhood in which it is located, a substantial
deviation from the regulations otherwise applicable is necessary or appropriate in order to conserve a physical
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or topographic feature of importance to the city; (2)The property or its neighborhood possesses an historical
character, that is of importance to the community, which will be preserved and protected by a planned unit
development; or (3)The property is adjacent to or across the street from property which has been developed or
redeveloped under the Planned Unit Development District, and a planned unit development will contribute to
the maintenance of the amenities and values of the neighboring property. The acreage requirement could be
waived because the property and the neighborhood possess an historical character, that is of importance to the
community, which will be preserved and protected by a planned unit development.
The Planning Commission will consider a resolution recommending approval of the petition during the April 6, 2023
Planning Commission meeting.
COST TO CITY: N/A
BUDGETED ITEM: N/A
REVENUE TO CITY: Revenue from the redevelopment of the property.
CITY COUNCIL HEARING DATE: 4/18/2023
CONSIDERATION BY OTHER GOVERNMENT ENTITIES: N/A
AFFECTED AGENCIES: City Assessor, Economic Development, Planning and Community Development
RELATIONSHIP TO EXISTING ORDINANCE OR RESOLUTION: City Code Appendix B: Zoning
REQUIRED CHANGES TO WORK PROGRAMS: N/A
ATTACHMENTS:
1. 0404_2023OrdinanceRezoning221BollingbrookSt
2. 0418_2023AgendaItemSummary221BollingbrookSt
3. 0323_2023PetitionPUD221BollingbrookSt
4. 03_2023AerialPhoto221BollingbrookStreet
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AN ORDINANCE APPROVING A PETITION TO REZONE PROPERTY IN THE CITY
OF PETERSBURG, LOCATED AT 221 BOLLINGBROOK STREET, PIN 011040009,
FROM LIGHT MANUFACTURING DISTRICT (M-1) TO PLANNED UNIT
DEVELOPMENT DISTRICT (PUD)
WHEREAS, the City of Petersburg received a petition to rezone the property located at 221
Bollingbrook Street, PIN 011040009, from Light Manufacturing District (M-1) to Planned Unit
Development District (PUD); and
WHEREAS, the proposed use is residential, as the Petitioner believes that the current zoning M-
1 is obsolete, and it is not viable for manufacturing; and
WHEREAS, the Petitioner believes that the highest and best use of the property is residential,
however the current zoning, M-1 District does not permit residential use; and
WHEREAS, the impacts would include removal of blight, and reinvestment in the neighborhood,
and an additional 70+ market rate residential units in the neighborhood; and
WHEREAS, the proposed use will serve to protect and preserve the historic character of the
neighborhood, and it would add market rate residential units in the historic downtown; and
WHEREAS, the Planned Unit Development District is intended to encourage innovative design
approaches to large-scale subdivisions and commercial development; and
WHEREAS, the Planned Unit Development may be permitted on tracts of at least ten (10) acres
which are under unified ownership or control, however, the minimum number of acres required may be
waived if the property and the neighborhood possess an historical character, that is of importance to the
community, which will be preserved and protected by a planned unit development; and
WHEREAS, the Planning Commission will consider a resolution recommending approval of the
petition during the April 6, 2023, Planning Commission meeting.
NOW THEREFORE BE IT ORDAINED that the City Council of the City of Petersburg hereby
approves the petition to rezone the property located at 221 Bollingbrook Street, PIN 011040009, from
Light Manufacturing District (M-1) to Planned Unit Development District (PUD).
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City of Petersburg Planning Commission Agenda Item
Case No: 2023-REZ-03
Public Hearing Date: April 18, 2023
Property Address: 221 Bollingbrook Street
Parcel ID: 011040009
Agent: Mr. John McCormack
Request Staff Recommendation
Petition to rezone property from M-1 to PUD TBD
Summary of Proposal
A Petition to rezone the property located at 221 Bollingbrook Street from M-1 to PUD. The proposed use is
residential. Per the Petitioner, the current zoning M-1 is obsolete, and manufacturing is not a viable use for
the property. They believe the highest and best use of the property is residential. The current zoning, M-1
District does not permit residential use. Impacts would include removal of blight, reinvestment in the
neighborhood and it will serve to protect and preserve the historic character of the neighborhood. The
proposed development would add 70+ market rate residential units in the neighborhood. The project
represents a major investment in a blighted historic structure.
Parcel ID Acreage Current Zoning Designation
011040009 1.183 acres M-1 Light Manufacturing District
Photo Comprehensive Plan Designation
Commercial
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221 Bollingbrook Street
02/08/2022 Page 28 of 50
3.a.
City of Petersburg
Ordinance, Resolution, and Agenda Request
DATE: April 25, 2023
TO: The Honorable Mayor and Members of City Council
THROUGH: March Altman, Jr., City Manager
FROM: Brian Moore
RE: Consideration of a Resolution Approving the Development Agreement for Development
Of 703 Bank Street, 716 Wythe Street, and 801 Bank Street, Petersburg, Virginia Between
The City Of Petersburg and New Light, LLC. (Page 29)
PURPOSE: To provide City Council with the details of the Development Agreement for 703 Bank Street, 716
Wythe Street, and 801 Bank Street
REASON: This action is necessary to facilitate the process to sell City-owned property at 703 Bank Street, 716
Wythe Street, and 801 Bank Street.
RECOMMENDATION: Staff recommend City Council makes a motion to approve the development
agreement by resolution.
BACKGROUND: The City of Petersburg City Council approved an Ordinance authorizing the City Manager
to execute documents related to the sale of city-owned property located at 703 Bank Street, 716 Wythe Street,
and 801 Bank Street on February 21, 2023. Following a due diligence period, a Development Agreement has
been drafted that requires, in consideration of the City's conveyance of the Property to New Light, LLC shall
perform the redevelopment of the Property strictly in compliance with the project summary documents and in
accordance with the terms in the Agreement.
The Development Agreement shall be referenced as set forth fully in the deed of conveyance of the Property
from the City to New Light, LLC. The deed shall include provisions for the reverter described in the
Development Agreement.
COST TO CITY: N/A
BUDGETED ITEM: N/A
REVENUE TO CITY: Revenue from the sale of property and associated fees and taxes
CITY COUNCIL HEARING DATE: 4/18/2023
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CONSIDERATION BY OTHER GOVERNMENT ENTITIES: N/A
AFFECTED AGENCIES: City Manager, Economic Development, City Attorney Office
RELATIONSHIP TO EXISTING ORDINANCE OR RESOLUTION: N/A
REQUIRED CHANGES TO WORK PROGRAMS: N/A
ATTACHMENTS:
1. DevAgreementResolution
2. Development Agreement
3. Development Plan 703 W Bank St, 716 Wythe St & 801 Bank St - New Light LLC (1)
4. Development Agreement Presentation
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A Resolution Approving the Development Agreement for Development Of 703 Bank
Street, 716 Wythe Street, and 801 Bank Street, Petersburg Virginia Between the City Of
Petersburg and New Light, LLC
WHEREAS, The City of Petersburg City Council approved an Ordinance authorizing the
City Manager to execute documents related to the sale of city-owned property located at 703
Bank Street, 716 Wythe Street, and 801 Bank Street February 21, 2023; and
WHEREAS, following a due diligence period, a Development Agreement has been
drafted that requires, in consideration of the City's conveyance of the Property to New Light,
LLC shall perform the redevelopment or the Property strictly in compliance with the project
summary documents and in accordance with the terms in the Agreement; and
WHEREAS, the deed shall include provisions for the reverter described in the
Development Agreement.
NOW therefore be it RESOLVED that the City Council of the City of Petersburg hereby
approve the Development Agreement between the City of Petersburg and New Light, LLC; and
Be it further resolved, the City Manager and City Attorney are hereby directed to take all
necessary action to facilitate the sale of the subject property consistent with the terms described
in the Purchase and Development Agreements.
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New Light LLC
15763 Beau Ridge Dr
Woodbridge, VA 22193
703-627-1352
Mar 6, 2023
Construction Plan
703 W Bank St
Overview
New light LLC will hire a structural engineer to review the leaked roof and all of the framing of the
property. Pull all necessary city permits. Install new roof, new plumbing as needed, new electrical
as needed.
New HVAC units, mold removal services, drywall replacement as needed, new bathrooms, new
kitchens, new doors, new flooring, new windows, new exterior siding as needed.
Landscaping, cutting all tree branches or trees on the property, fixing the driveway for parking
Cost
We are estimating the cost to rehab the property at $100,000.
Estimated Timeline
Starting timeline: Jun 21, 2023
Completion timeline: Jan 20, 2024
TImeline is based on getting permits approved
Floorplan
NA - we don't have access to the property yet
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716 Wythe Street - Residential Lot
Overview
New light LLC will hire a surveyor to complete a full survey of the lot and accordingly with city
guidelines build a two story single family house. We plan on building a 1200-1600 square foot
house with a minimum of three bedrooms and two bathrooms. We will provide a detailed
architectural drawing of the structure for approval.
Cost
We are estimating the cost to build a new house is $175,000
Timeline
We estimate the project to take 12 months to finish from the start date. Pending approval for city
permits and inspections.
Stating timeline: October 2023
Completion timeline: September 2024
Floorplans
Color is example
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801 Bank Street - Residential Lot
Overview
New light LLC will hire a surveyor to complete a full survey of the lot and accordingly with city
guidelines build a two story single family house. We plan on building a 1200-1600 square foot
house with a minimum of three bedrooms and two bathrooms. We will provide a detailed
architectural drawing of the structure for approval.
Cost
We are estimating the cost to build a new house is $175,000
Estimated Timeline
We estimate the project to take 12 months to finish from the start date. Pending approval for city
permits and inspections.
Stating timeline: March 2024
Completion timeline: February 2025
Floorplans
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Presentation for Council
703 Bank Street, 716 Wythe Street, 801 Bank Street
Development Agreement
Brian A. Moore
Director of Economic Development, Planning, and Community Development
Petersburg, Virginia
April 18, 2023
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Introduction
This presentation will provide information on the
development agreement between the City of
Petersburg and New Light, LLC for the
development of City-owned property located at
703 Bank Street, 716 Wythe Street, 801 Bank
Street
.
2
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Background
• Zoning – B-2
703 Bank Street • Acreage – .054
• Current Use- Vacant Residential
1 1 5 J olly Structure
Alley
• Proposed Use –renovate existing
structure to rent units at market
rate
• Assessed Value - $70,200
• Purchase Price-$35,100
3
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Background • Zoning – R-3
716 Wythe Street • Acreage – .134
• Current Use- Vacant Residential
1 1 5 J olly Lot
Alley
• Proposed Use –1200-1600
square foot two-story single-
family dwelling with a minimum
of three bedrooms and two
bathrooms
• Assessed Value- $10,700
• Purchase Price-$5,350
4
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Background • Zoning – B-2
801 Bank Street • Acreage – .1
• Current Use- Vacant Residential
1 1 5 J olly Lot
Alley
• Proposed Use –1200-1600
square foot two-story single-
family dwelling with a minimum
of three bedrooms and two
bathrooms
• Assessed Value- $8,400
• Purchase Price-$4,551
5
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Summary
Ø The Department of Economic Development, recommends that
the City Council consider the resolution for the development
agreement between the City of Petersburg and New Light, LLC
for the City-owned property located at 703 Bank Street, 716
Wythe Street, 801 Bank Street.
6
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