City of Richmond - File #: ORD. 2020-211

• File #: ORD. 2020-211
• Version: 1
• Type: Ordinance
• Status: Adopted
• File created: 9/29/2020
• In control: City Council
• On agenda: 10/12/2020
• Final action: 10/12/2020
• Title: To authorize the Chief Administrative Officer to accept funds in an amount up to $3,900,000.00 from Advantage Richmond Corporation, and to assign such accepted funds to the Reserve Fund for Permanent Public Improvements established pursuant to City Code ? 12-4.
• Patrons: Mayor Stoney

Date	Ver.	Action By	Action	Result
10/12/2020	1	City Council	adopted	Pass
10/1/2020	1	Education and Human Services Standing Committee	recommended for approval
9/28/2020	1	City Council	introduced and referred

Title

To authorize the Chief Administrative Officer to accept funds in an amount up to $3,900,000.00 from Advantage Richmond Corporation, and to assign such accepted funds to the Reserve Fund for Permanent Public Improvements established pursuant to City Code § 12-4.

Body

THE CITY OF RICHMOND HEREBY ORDAINS:

                     § 1.                     That the Chief Administrative Officer, for and on behalf of the City of Richmond, is authorized to accept funds in an amount up to $3,900,000.00 from Advantage Richmond Corporation for the purpose of making funds available for future appropriation for capital improvements at 900 East Marshall Street or on other City-owned real estate.

                     § 2.                     That the funds accepted pursuant to section 1 of this ordinance shall be assigned to the Reserve Fund for Permanent Public Improvements established pursuant to section 12-4 of the Code of the City of Richmond (2015), as amended.

§ 3.                      This ordinance shall be in force and effect on October 26, 2020.