File #: ORD. 2025-004    Version: 1 Name:
Type: Ordinance Status: Consent Agenda
File created: 1/14/2025 In control: City Council
On agenda: 1/27/2025 Final action:
Title: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Financing Agreement between the City of Richmond and the Virginia Resources Authority for the purpose of funding the City's lead water service line replacement and water service line inventory programs.
Patrons: Mayor Avula
Attachments: 1. Ord. No. 2025-004

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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Financing Agreement between the City of Richmond and the Virginia Resources Authority for the purpose of funding the City’s lead water service line replacement and water service line inventory programs.

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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, be and is hereby authorized to execute a Financing Agreement between the City of Richmond and the Virginia Resources Authority for the purpose of funding the City’s lead water service line replacement and water service line inventory programs. The Financing Agreement shall be approved as to form by the City Attorney and shall be substantially in the form of the document attached to this ordinance.

§ 2.                     This ordinance shall be in force and effect upon adoption.