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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 $1,495,548.00 from the Virginia Department of Conservation and Recreation and to amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 Stormwater Utility Budget and appropriated the estimated receipts of the stormwater utility, by increasing estimated revenues and the amount appropriated to the stormwater utility by $1,495,548.00 for the purpose of funding the modernization of the City’s stormwater asset inventory.
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THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That the Chief Administrative Officer is authorized to accept funds in the amount of $1,495,548.00 from the Virginia Department of Conservation and Recreation for the purpose of funding the modernization of the City’s stormwater asset inventory.
§ 2. That Article I, Section 10 of Ordinance No. 2024-099, adopted May 13, 2024, which adopted the Stormwater Utility 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 increasing the estimated receipts of the stormwater utility and the amount appropriated for expenditures of the stormwater utility by $1,495,548.00 for the purpose of funding the modernization of the City’s stormwater asset inventory.
§ 3. This ordinance shall be in force and effect upon adoption.