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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, ECG Rady, LP, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 2811 Rady Street, and to repeal Ord. No. 2025-008, adopted Jan. 27, 2025.
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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 Grant Agreement between the City of Richmond, ECG Rady, LP, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 2811 Rady Street. The Grant 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. That Ordinance No. 2025-008, adopted January 27, 2025, be and is hereby repealed.
? 3. This ordinance shall be in force and effect upon adoption.
O&R REQUEST
DATE: April 1, 2026 EDITION:|910|
TO: The Honorable Members of City Council
THROUGH: The Honorable Dr. Danny Avula, Mayor
THROUGH: Odie Donald, Chief Administrative Officer
THROUGH: Tanikia Jackson, DCAO - Finance & Administration
THROUGH: Letitia Shelton, Director of Finance
THROUGH: Meghan Brown, Director of Budget and Strategic Planning
THROUGH: Sharon Ebert, DCAO - Planning & Economic Development Portfolio
THROUGH: Angie Rodgers, Director of Economic Development
FROM: Merrick Malone, Director of Housing and Community Development
RE: Approval of a Performance Grant for an Affordable Housing Development Project
ORD. OR RES. No.
PURPOSE: To authorize the Chief Administrative Officer ("CAO") to execute for and on behalf of the City of Richmond ("City"), the Grant Agreements attached hereto by and between the City, the E...
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