Meeting Name: Finance and Economic Development Standing Committee Agenda status: Final
Meeting date/time: 3/21/2024 1:00 PM Minutes status: Final  
Meeting location: Council Chamber, 2nd Floor – City Hall
Published agenda: Agenda Agenda Published minutes: Action Summary Action Summary Meeting Extra1: Not available  
Meeting video: eComment: Not available  
Attachments:
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CD.2024.082 1  Council Document February 15, 2024 Finance and Economic Development Meeting Minutes    Action details Not available
ORD. 2024-081 112. OrdinanceTo amend City Code § 26-298, concerning interest on refunds of tax payments, for the purpose of requiring the Department of Finance to notify taxpayers of admissions, lodging, and meals taxes and business, professional and occupational license taxes of any credits or overpayments on their accounts and invite the taxpayer to apply for a refund within 90 days of the credit becoming available.recommended for approval  Action details Not available
ORD. 2024-082 113. OrdinanceTo amend City Code § 26-361, concerning the due date, payment without penalty, and interest chargeable on delinquent taxes, 26-362, concerning the due date when assessed by the State Corporation Commission, penalty, and rates of interest chargeable on delinquent taxes, and 26-430, concerning the penalty for delinquent taxes, for the purpose of requiring the Department of Finance to send to taxpayers assessed with taxes and levies for that year by United States mail a bill setting forth the amount due not later than 45 days prior to the payment due date for such taxes and levies.recommended for approval  Action details Not available
ORD. 2024-083 114. OrdinanceTo amend and reordain City Code §§ 26-364, concerning tax relief for elderly persons, and evaluation of exemption or freeze program, and 26-365, concerning real estate tax relief for qualified permanently and totally disabled, and evaluation of exemption or freeze program, for the purpose of revising certain exemptions and deadlines.recommended for approval  Action details Not available
ORD. 2024-077 111. OrdinanceTo amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 General Fund Budget and made appropriations pursuant thereto, by increasing revenues from estimated interest income by $9,000,000.00, to appropriate a portion of such estimated interest income to various City departments and a non-departmental agency, to create certain new line items in the Non-departmental agency, appropriate a portion of such estimated interest income revenue thereto, and transfer certain funds; to amend Ord. No. 2023-073, adopted May 8, 2024, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2023-2024 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2023-2024, and determined a means of financing the same, by establishing a new project for the Department of Parks, Recreation, and Community Facilities in the Capital Investment Opportunities category called the “Parks Improvement Projects” project; and to appropriate $988,156.00 in transferred funds of such $9,000,000.00 of increased revenue from estimated interest increcommended for continuance   Action details Not available
ORD. 2024-064 11. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Commonwealth’s Development Opportunity Fund Performance Agreement between the City of Richmond, PPD Development, LP, the Virginia Economic Development Partnership Authority, and the Economic Development Authority of the City of Richmond for the purpose of providing PPD Development, LP with incentives to establish a bioanalytics laboratory facility at 737 North 5th Street in the city of Richmond. (6th District)recommended for approval  Action details Not available
ORD. 2024-065 12. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Performance Agreement between the City of Richmond, PPD Development, LP, and the Economic Development Authority of the City of Richmond for the purpose of providing a grant to PPD Development, LP to establish, equip, and operate a new bioanalytics laboratory at 737 North 5th Street in the city of Richmond. (6th District)recommended for approval  Action details Not available
ORD. 2024-067 13. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $8,312.28 from the Virginia Department of Environmental Quality, and to appropriate the increase to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Public Works’ Litter Control Act Grant Special Fund by $8,312.28 for the purpose of supporting the City’s litter prevention and recycling activities.recommended for approval  Action details Not available
ORD. 2024-068 14. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $50,000.00 from the Virginia Department of Emergency Management, to amend the Fiscal Year 2023-2024 Special Fund Budget by creating a new special fund for the Department of Emergency Communications, Preparedness, and Response called the “FY24 Mobile Camera Trailer Grant Special Fund,” and to appropriate the increase to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Emergency Communications, Preparedness, and Response’s FY24 Mobile Camera Trailer Grant Special Fund by $50,000.00, for the purpose purchasing a mobile camera trailer.recommended for approval  Action details Not available
ORD. 2024-069 15. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $249,000.00 from the Virginia Department of Criminal Justice Services, to amend the Fiscal Year 2023-2024 Special Fund Budget by creating a new special fund for the Office of the Deputy Chief Administrative Officer for Human Services called the OIRE Youth and Family Violence Prevention Special Fund, and to appropriate $88,750.00 of the accepted funds to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Office of the Deputy Chief Administrative Officer for Human Services’ OIRE Youth and Family Violence Prevention Special Fund by $88,750.00, and to amend the Fiscal Year 2023-2024 General Fund by increasing estimated revenues and the amount appropriated to the YWCA Richmond line item in the Non-Departmental agency by the remaining $160,250.00 of the accepted funds, all for the purpose of providing violence prevention and intervention services to newcomer, immigrant, and refugee youth.recommended for approval  Action details Not available
ORD. 2024-070 16. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $249,976.00 from the Virginia Department of Emergency Management, to amend the Fiscal Year 2023-2024 Special Fund Budget by creating a new special fund for the Department of Emergency Communications, Preparedness, and Response called the “FY24 Vehicle Barrier System Grant Special Fund,” and to appropriate the increase to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Emergency Communications, Preparedness, and Response’s FY24 Vehicle Barrier System Grant Special Fund by $249,976.00, for the purpose purchasing a vehicle barrier system.recommended for approval  Action details Not available
ORD. 2024-071 17. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $300,000.00 from the Virginia 9-1-1 Services Board, to amend the Fiscal Year 2023-2024 Special Fund Budget by creating a new special fund for the Department of Emergency Communications, Preparedness, and Response called the “FY24 Call Handling Equipment Grant Special Fund,” and to appropriate the increase to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Emergency Communications, Preparedness, and Response’s FY24 Call Handling Equipment Grant Special Fund by $300,000.00, for the purpose of updating the call handling equipment within the City’s emergency communication center.recommended for approval  Action details Not available
ORD. 2024-072 18. OrdinanceTo amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 Special Fund Budget, by increasing estimated revenues from the Downtown Special Assessment Fund and Riverfront Special Assessment Fund by $613,714.32 and appropriating such increases to the Department of Finance’s Special Assessment Districts Special Fund and Riverfront Special Assessment Special Fund for the purpose of funding Venture Richmond services.recommended for approval  Action details Not available
ORD. 2024-073 19. OrdinanceTo amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 General Fund Budget and made appropriations pursuant thereto, to (i) create certain new line items in the Non-Departmental agency, (ii) transfer [$830,485.00] $865,000.00 from the Office of Sustainability, and (iii) appropriate such [$830,485.00] $865,000.00 to the new line items in the Non-Departmental agency, all for the purpose of providing grants to certain entities to facilitate the implementation of neighborhood climate resilience projects. (As Amended)recommended for approval  Action details Not available
ORD. 2024-076 110. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the total amount of $3,000,000.00 from the Central Virginia Transportation Authority, and to amend Ord. No. 2023-073, adopted May 8, 2023, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2023-2024 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2023-2024, and determined a means of financing the same, by (i) establishing a new project for the Department of Public Works in the Transportation category called the “Fall Line Trail Bryan Park Segment” project, and (ii) increasing estimated revenues from the funds received from the Central Virginia Transportation Authority and the amount appropriated to the new Department of Public Works’ Fall Line Trail Bryan Park Segment project in the Transportation category by $3,000,000.00, for the purpose of funding the implementation of the Fall Line Trail Bryan Park Segment project.recommended for approval  Action details Not available
RES. 2024-R012 115. ResolutionTo support administratively designating the project entitled “Affordable Housing Projects” in Ord. No. 2023-073, adopted May 8, 2023, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2023-2024 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2023-2024, and determined a means of financing the same, as “Equitable Affordable Housing Program” and identifying the listed department in the City’s records as “Affordable Housing Trust Fund,” for the purpose of confirming that such project is consistent with a certain text amendment to Ord. No. 2023-073, adopted May 8, 2023.recommended for approval  Action details Not available
CD.2024.086 1  Council Document Staff Report Finance & Economic Development   Action details Not available