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To amend Ord. No. 2025-057, adopted May 12, 2025, which adopted the Fiscal Year 2025-2026 General Fund Budget and made appropriations thereto, by (i) transferring $14,700,000.00 from the Contingency Reserve; (ii) creating a new line item in the Outside Agencies and Central Appropriations agency entitled "EDA - Diamond District;" and (iii) appropriating such transferred funds to such new line item in the Outside Agencies and Central Appropriations agency, all for the purpose of providing funding to the Economic Development Authority of the City of Richmond for the redevelopment of the area known as the Diamond District.
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That Article I, Section 1 of Ordinance No. 2025-057, adopted May 12, 2025, which adopted a General Fund Budget for the fiscal year commencing July 1, 2025, and ending June 30, 2026, and made appropriations thereto, is hereby amended by:
(a) Transferring funds in the amount of $14,700,000.00 from the Contingency Reserve;
(b) Creating a new line item in the Outside Agencies and Central Appropriations agency entitled "EDA - Diamond District;" and
(c) Appropriating the funds in the amount of $14,700,000.00 transferred by subsection (a) of this section to the new line item in the Outside Agencies and Central Appropriations agency entitled "EDA - Diamond District" created by subsection (b) of this section, all for the purpose of providing funding to the Economic Development Authority of the City of Richmond for the redevelopment of the area known as the Diamond District.
? 2. This ordinance shall be in force and effect upon adoption.
DATE: January 16, 2026
TO: The Honorable Members of City Council
THROUGH: The Honorable Dr. Danny Avula, Mayor
THROUGH: Odie Donald II, Chief Administrative Officer
THROUGH: Tanikia Jackson, Deputy Chief Administrative Officer (Finance Portfolio)
THROUGH: Letitia Shelton, Director, Department of Finance
THROUGH: Meghan Brown, ...
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