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To declare surplus and direct the sale of a portion of the City-owned real estate known as 1451 Commerce Road, consisting of 4.715? acres, to City Central, LLC or its affiliate, for $2,694,500, 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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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 1451 Commerce Road and identified as Tax Parcel No. S007-0836/004 in the 2026 records of the City Assessor, consisting of approximately 4.715 acres, as shown as "Proposed New Parcel B" on the aerial depiction entitled "Commerce Road Site," prepared by Kimley Horn, and dated March 12,2025, a copy of which attached to 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 consideration of $2,694,500, or such lesser amount as may be provided for herein, for the purpose of facilitating the construction of a mixed-use development, in accordance with the applicable provisions of Chapter 8 of the Code of the City of Richmond (2020), as amended, the Charter of the City of Richmond (2020), as amended, the Code of Virginia (1950), as amended, and the Constitution of Virginia.
? 2. That the foregoing surplus declaration and directed sale shall be conditioned upon satisfaction of the following on or before the date which is two years after the date hereof:
(a) A suitable replacement property or properties for relocation of the present Richmond Police Department must be identified and approved by the Chief Administrative Officer; and
(b) City Central, LLC or its affiliate shall pay for the cost of the approved replacement property or properties and the cost of relocation of th...
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