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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $262,500.00 from the United States Department of Energy, and to amend the Fiscal Year 2024-2025 Special Fund Budget by (i) creating a new special fund for the Office of Sustainability called the “Grant - EECBG Home Energy Audits, Energy Savings for Richmond’s Workforce Housing Project Special Fund,” (ii) appropriating the increase to the Fiscal Year 2024-2025 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Office of Sustainability’s “Grant - EECBG Home Energy Audits, Energy Savings for Richmond’s Workforce Housing Project Special Fund” by $262,500.00, and (iii) appropriating $250,000.00 of such funds to Viridiant, all for the purpose of providing funding for energy efficiency assistance for low-income residents.
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THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That the Chief Administrative Officer, for and on behalf of the City of Richmond, is hereby authorized to accept funds in the amount of $262,500.00 from the United States Department of Energy for the purpose of providing funding for energy efficiency assistance for low-income residents.
§ 2. That Article I, Section 2 of Ordinance No. 2024-099, adopted May, 13, 2024, which adopted a Special Fund Budget for the fiscal year commencing July 1, 2024, and ending June 30, 2025, and made appropriations pursuant thereto, be and is hereby amended by creating a new special fund for the Office of Sustainability called the “Grant - EECBG Home Energy Audits and Energy Savings for Richmond’s Workforce Housing Project Special Fund” for the purpose of providing funding for energy efficiency assistance for low-income residents.
§ 3. That the funds received from the United States Department of Energy are hereby appropriated to the Special Fund Budget for the fiscal year commencing July 1, 2024, and ending June 30, 2025, by increasing estimated revenues by $262,500.00, increasing the amount appropriated for expenditures by $262,500.00, allotting to the Office of Sustainability’s “Grant - EECBG Home Energy Audits and Energy Savings for Richmond’s Workforce Housing Project Special Fund” the sum of $262,500.00, and appropriating $250,000.00 of such funds to Viridiant, all for the purpose of providing funding for energy efficiency assistance for low-income residents.
§4. This ordinance shall be in force and effect upon adoption.