Title
To authorize the Chief Administrative Officer to accept funds in the amount of $100,000 from Bon Secours - Richmond Health System and to appropriate the increase to the Fiscal Year 2013-2014 Capital Budget by increasing estimated revenues and the amount appropriated to the School Maintenance project in the Education category by $100,000 for the purpose of maintaining and upgrading public schools in the city.
Body
Department of Planning & Development Review
Staff Report
To: City Planning Commission
From: Land Use Administration
PETITIONER
City of Richmond
PURPOSE
To accept $100,000 from Bon Secours - Richmond Health System (BSRHS) for the purpose of maintaining and upgrading public schools in the city
SUMMARY & RECOMMENDATION
As part of the Redskins Training Facility deal, BSRHS agreed to give $100,000 annually for 10 years to the City’s public school system. Specifically, this funding is earmarked for school related capital projects. The City received the $100,000 payment from BSRHS in February. A formal amendment to the Capital Budget must be approved by City Council in order for the Richmond Public School system to have access to these funds.
The payments shall be for capital projects to benefit the public schools in the City of Richmond, and shall be related to BSRHS’s mission to promote health, fitness, anti-obesity and similar benefits. This amendment only affects FY2014, as future payments and appropriations have been included in the Mayor’s Proposed FY2015-FY2019 Capital Budget.
The City Administration recommends approval of this ordinance.