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To direct the conveyance of the City-owned real estate located at 3410 Belmont Road, consisting of 0.341? acres, and 3420 Belmont Road, consisting of 0.514? acres, for $187,000.00 to Belmont Investments LLC, for the purpose of facilitating the construction of a mixed-use development project. (8th District)
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WHEREAS, by Resolution No. 2024-R040, adopted March 10, 2025, the Council approved the biennial real estate strategies plan entitled "Revised 2024 Biennial Real Estate Strategies Plan for City Owned Surplus Properties" and declared the city-owned real estate located at 3410 Belmont Road, consisting of approximately 0.341 acres, and 3420 Belmont Road, consisting of approximately 0.514 acres, to be surplus City-owned real estate;
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, the City-owned real estate known as 3410 Belmont Road, consisting of approximately 0.341 acres and identified as Tax Parcel No. C008-0939/027, and 3420 Belmont Road, consisting of approximately 0.514 acres and identified as Tax Parcel No. C008-0939/028 in the 2025 records of the City Assessor, are hereby directed to be conveyed to Belmont Investments LLC, for $187,000.00 for the purpose of facilitating the construction of a mixed-use development project, 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, pursuant to section 8-65(b) of the Code of the City of Richmond (2020), as amended, the Chief Administrative Officer is hereby directed to execute, on behalf of the City, the deed and such other documents, all of which must first be approved as to form by the City Attorney, as may be necessary to consummate the conveyan...
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