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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 $10,369,508.00 from the Central Virginia Transportation Authority and to amend Ord. 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2025-2026 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2025-2026, and determined a means of financing the same, by (i) establishing a new project for the Department of Public Works in the Transportation - Federal/State/Regional category entitled “Diamond District Transportation Infrastructure 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’ “Diamond District Transportation Infrastructure Project” in the Transportation - Federal/State/Regional category by $10,369,508.00 for the purpose of funding the Diamond District Transportation Infrastructure Project.
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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 $10,369,508.00 from the Central Virginia Transportation Authority for the purpose of funding the Diamond District Transportation Infrastructure Project.
§ 2. That Ordinance No 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and the four fiscal years thereafter, adopted a Capital Budget for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and determined a means of financing the same, be and is hereby amended by establishing a new project for the Department of Public Works in the Transportation - Federal/State/Regional category entitled “Diamond District Transportation Infrastructure Project” for the purpose of funding the Diamond District Transportation Infrastructure Project.
§ 3. That Ordinance No. 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and the four fiscal years thereafter, adopted a Capital Budget for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and determined a means of financing the same, be and is hereby amended by increasing estimated revenues and the amount appropriated for expenditures by $10,369,508.00 and allotting such sum to the new Department of Public Works’ “Diamond District Transportation Infrastructure Project” in the Transportation - Federal/State/Regional category for the purpose of funding the Diamond District Transportation Infrastructure Project.
§ 4. This ordinance shall be in force and effect upon adoption
City of Richmond
Intracity Correspondence
O&R Transmittal
DATE: February 5, 2026
TO: The Honorable Members of City Council
THROUGH: The Honorable Danny Avula, Mayor
THROUGH: Odie Donald II, Chief Administrative Officer
THROUGH: Tanikia Jackson, Deputy Chief Administrative Officer
THROUGH: Letitia Shelton, Director of Finance
THROUGH: Meghan Brown, Director of Budget & Strategic Planning
THROUGH: Al Wiggins, Deputy Chief Administrative Officer
THROUGH: Bobby Vincent Jr., Director of Public Works
RE: TO AMEND ORD. 2025-058, ADOPTED MAY 12, 2025, WHICH ACCEPTED A PROGRAM OF PROPOSED CAPITAL IMPROVEMENT PROJECTS FOR FISCAL YEAR 2025-2026 AND THE FOUR FISCAL YEARS THEREAFTER, ADOPTED A CAPITAL BUDGET FOR FISCAL YEAR 2025-2026, AND DETERMINED A MEANS OF FINANCING THE SAME, TO APPROPRIATE THE INCREASE TO THE FISCAL YEAR 2025-2026 CAPITAL BUDGET BY INCREASING ESTIMATED REVENUES AND THE AMOUNT APPROPRIATED TO THE DEPARTMENT OF PUBLIC WORKS “DIAMOND DISTRICT TRANSPORTATION INFRASTRUCTURE PROJECT” IN THE TRANSPORTATION - FEDERAL/STATE/REGIONAL CATEGORY BY $10,369,508 FOR THE PURPOSES OF FUNDING THE TRANSPORTATION RELATED INFRASTRUCTURE WITHIN THE DIAMOND DISTRICT REDEVELOPMENT PROJECT WITHIN THE CITY OF RICHMOND.
ORD. OR RES. No. TBD
PURPOSE: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $10,369,508.00 from the Central Virginia Transportation Authority and to amend Ord. 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2025-2026 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2025-2026, and determined a means of financing the same, by (i) establishing a new project for the Department of Public Works in the Transportation - Federal/State/Regional category entitled “Diamond District Transportation Infrastructure Project” and increasing estimated revenues from the funds received from the Central Virginia Transportation Authority and the amount appropriated to the new Department of Public Works’ “Diamond District Transportation Infrastructure Project” in the Transportation - Federal/State/Regional category by $10,369,508.00 for the purpose of funding the Diamond District redevelopment project.
BACKGROUND: On May l, 2020, the Virginia General Assembly adopted House Bill 1541, which created the Central Virginia Transportation Authority (CVTA), comprising the counties and cities located in Planning District 15 to provide new funding opportunities for priority transportation investments across the region. The Central Virginia Transportation Authority is a body politic and as a political subdivision of the Commonwealth, The Authority embraces each county, city, and the nine localities are Richmond City, Hanover County, Goochland County, Powhatan County, Chesterfield County, Charles City County, New Kent County, Henrico County and Town of Ashland. The Authority administers transportation funding generated through Regional 0.7 percent sales and use tax; Wholesale tax of 7.6 cents per gallon of gasoline and 7.7 cents per gallon of diesel fuel. Localities receive 50% of the funds collected in their jurisdiction; Central Virginia Transportation Authority (CVTA) receives 35% of the funding to disburse on regional priority projects; and GRTC receives 15%. The Central Virginia Transportation Authority (CVTA) regional funding allocations are budgeted through the normal CIP budget process.
The Diamond District Transportation infrastructure project funds the first phase (Phase 1A) of the overall 67-acre redevelopment, which includes introducing an entirely new street grid to serve the adjacent mixed-use development parcels. On May 15, 2024, The City of Richmond’s Economic Development Authority (EDA) entered into a Purchase and Sale Development Agreement with Diamond District Partners (DDP) to develop Phase 1A which totals roughly 32-acres. DDP entered a GMP contract with Whiting Turner for the entire Phase 1A infrastructure work, which included already scoped and priced transportation related elements that include new multimodal neighborhood streets, transit access enhancements, and signalized intersection improvements.
FISCAL IMPACT: Revenue of $10,369,508 CVTA Regional Funds (80%) to be appropriated in FY26 CIP Budget under ‘Transportation Federal/State/Regional Category’ by creating a New Award # for ‘Diamond District Transportation Infrastructure Project’. Total project cost is $12,961,885. The City’s Economic Development Authority is responsible for funding 20% of the $12,961,885 request which equates to $2,592,377. These funds have been included in the 2024 EDA Revenue Bond Public Infrastructure Budget.
REQUESTED INTRODUCTION DATE: 4/13/26
CITY COUNCIL PUBLIC HEARING DATE: 4/27/26
REQUESTED AGENDA: Consent
RECOMMENDED COUNCIL COMMITTEE: Planning Commission
AFFECTED AGENCIES: Department of Public Works; Law Department; Planning and Development; Economic and Community Development; Department of Public Utilities; Finance Department; Budget and Strategic Planning; Copies also sent to: City Mayor (Danny Avula); Chief Administrative Officer (Odie Donald, II), and City Attorney.
RELATIONSHIP TO EXISTING ORD. OR RES.: (Ord. No. 2024-113)
ATTACHMENTS: Central Virginia Transportation Authority (CVTA) Request, CVTA Award, Diamond District Phase 1A Budget, VDOT PESv3.00 Diamond District, Ord. No. 2024-113
STAFF: Dironna Moore Clarke, Deputy Director, Department of Transportation,
DJ Mulkey Senior Development Manager, Economic Development