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To amend Ord. No. 2023-180, adopted June 26, 2023, which authorized the Chief Administrative Officer, for and on the behalf of the City of Richmond, to accept the second tranche of American Rescue Plan Act funds in the amount of $10,000,000.00 from the United States Department of the Treasury and amended the Fiscal Year 2022-2023 General Fund Budget by increasing estimated revenues and the amount appropriated to the General Fund Budget for certain agencies by $8,000,000.00 of the $10,000,000.00 of ARPA funding from the Department of Housing and Community Development, to recapture funds in the amount of $500,000.00 from BR2 Owner, LLC, and to amend Ord. 2024-099, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations pursuant thereto, by transferring $500,000.00 from the Department of Housing and Community Development, creating a new line item in the Non-Departmental budget called “ARPA-Housing Families First,” and appropriating such $500,000.00 transferred from the Department of Housing and Community Development to the new Non-Departmental budget line item called “ARPA - Housing Families First,” all for the purpose of expanding affordable housing initiatives.
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THE CITY OF RICHMOND HEREBY ORDAINS:
I. That Ordinance No. 2023-180, adopted June 26, 2023, be and is hereby amended as follows:
WHEREAS, pursuant to Ordinance No. 2021-220, adopted September 27, 2021, the Director of Finance has credited all funds received by the City, whether from the United States government, the Commonwealth of Virginia, or otherwise, provided pursuant to the American Rescue Plan Act of 2021, H.R. 1319, 117th Cong., 1st Sess. (2021-2022) in the general ledger, to be managed in the Projects and Grants Module in the City’s enterprise resource planning system for purposes authorized by the American Rescue Plan Act of 2021, H.R. 1319, 117th Cong., 1st Sess. (2021-2022) for future appropriation by the Council of the City of Richmond only for expenditures authorized by the said Act;
NOW, THEREFORE,
THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That the Chief Administrative Officer is authorized to accept the second tranche of American Rescue Plan Act of 2021, H.R. 1319, 117th Cong., 1st Sess. (2021-2022), funds in the amount of $10,000,000.00 from the United States Department of the Treasury for the purpose of funding the City’s efforts to recover from the economic and health effects of the COVID-19 pandemic in accordance with the American Rescue Plan Act of 2021, H.R. 1319, 117th Cong., 1st Sess. (2021-2022).
§ 2. That a portion of the funds received pursuant to section 1 of this ordinance are hereby appropriated to the General Fund Budget for the fiscal year commencing July 1, 2021, and ending June 30, 2022, by increasing estimated revenues by $8,000,000.00, increasing the amount appropriated for expenditures by $8,000,000.00 and allotting to certain agencies the sum of $8,000,000.00 as set forth in the document entitled “2nd Tranche - Recommendation for ARPA Funding Awards - ATTACHMENT A,” a copy of which is incorporated into and made a part of Ordinance No. 2023-180, adopted June 26, 2023, except as modified to recapture funds in the amount of $245,174.86 from Commonwealth Catholic Charities and funds in the amount of $500,000.00 from Planet Zero Residences, LLC, both as shown on the document entitled “Attachment A, Transferred, Unallocated, and Recaptured ARPA Funding Awards,” a copy of which is attached to and incorporated into this amendatory ordinance, and except as modified to recapture funds in the amount of $500,000.00 from BR2 Owner, LLC, as shown on the document entitled “Attachment A1 - Transferred, Unallocated, and Recaptured ARPA Fund Awards,” a copy of which is attached to and incorporated into the amendatory ordinance, for the purpose of funding the City’s efforts to recover from the economic and health effects of the COVID-19 pandemic in accordance with the American Rescue Plan Act of 2021, H.R. 1319, 117th Cong., 1st Sess. (2021-2022).
§ 3. This ordinance shall be in force and effect upon adoption.
II. That Ordinance No. 2024-099, adopted May 13, 2024, which adopted a General Fund Budget for the fiscal year commencing July 1, 2024, and ending June 30, 2025, and made appropriations pursuant thereto, is hereby amended by:
(A) Transferring funds in the amount of $500,000.00 from the Department of Housing and Community Development;
(B) Creating a new line item in the Non-Departmental agency called “ARPA-Housing Families First;” and
(C) Appropriating $500,000.00 of the funds transferred pursuant to subsection (A) of this section to the new line item in the Non-Departmental agency created by subsection (B) of this section called “ARPA-Housing Families First” for the purpose of expanding affordable housing initiatives.
III. This amendatory ordinance shall be in force and effect upon adoption.