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To declare surplus and direct the sale of a portion of the city-owned real estate known as 1461 Commerce Road, consisting of 8.234? acres, to City Central, LLC or its affiliate, for $4,705,500, or such lesser amount as may be provided for herein, for the purpose of facilitating the construction of a mixed-use development. (6th District)
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WHEREAS, by adopting a resolution on May 12, 2026, a copy of which is attached to and made a part of this ordinance, the School Board declared a portion of the real property located at 1461 Commerce Road, consisting of approximately 8.234 acres, more particularly shown as "Proposed New Parcel A" on the aerial depiction entitled "Commerce Road Site," prepared by Kimley Horn, and dated March 12,2025, and being a portion of Tax Parcel No. S007-0836/004 in the 2026 records of the City Assessor, to be surplus so long as a suitable replacement property or properties for relocation of the present uses thereof is approved by the School Board as provided therein on or before the day which is two years after the date of the resolution;
NOW, THEREFORE,
THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That, notwithstanding any provision of section 8-58 of the Code of the City of Richmond (2020), as amended, to the contrary, subject to the conditions set forth in this ordinance, a portion of the City-owned real estate known as 1461 Commerce Road and identified as Tax Parcel No. S007-0836/004 in the 2026 records of the City Assessor, consisting of approximately 8.234 acres, and labeled as "Proposed New Parcel A" on the aerial depiction entitled "Commerce Road Site," prepared by Kimley Horn, and dated March 12, 2025, a copy of which is attached and made a part of this ordinance, is hereby declared surplus real estate and is directed to be sold to City Central, LLC or its affiliate, for $4,705,500, or such lesser amount as may be provided for herein, for the purpose of facilitating the construction of a mixed-use development in accordance w...
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