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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Covenant of Purpose, Use and Ownership by the Maymont Foundation for the benefit of the United States Department of Commerce, Economic Development Administration for the purpose of enabling Maymont Foundation to accept $8,000,000.00 from the United States Department of Commerce, Economic Development Administration for renovations to the Maymont House Museum and animal habitats. (5th District)
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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 Covenant of Purpose, Use and Ownership by the Maymont Foundation for the benefit of the United States Department of Commerce, Economic Development Administration for the purpose of enabling Maymont Foundation to accept $8,000,000.00 from the United States Department of Commerce, Economic Development Administration for renovations to the Maymont House Museum and animal habitats. The Covenant of Purpose, Use and Ownership 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. This ordinance shall be in force and effect upon adoption.