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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the total amount of $761,422.00 from the Virginia Department of Transportation, and to appropriate the increase to the Fiscal Year 2020-2021 Capital Budget by increasing estimated revenues and the amounts appropriated to the Department of Public Works’ Transportation Projects project in the Transportation category by $761,422.00 for the purpose of funding resurfacing projects along Bells Road and Belt Boulevard.
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THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That the Chief Administrative Officer is hereby authorized to accept funds in the amount of $761,422.00 from the Virginia Department of Transportation for the purpose of funding resurfacing projects along Bells Road and Belt Boulevard.
§ 2. That the funds received are hereby appropriated to the Capital Budget for the fiscal year commencing July 1, 2020, and ending June 30, 2021, by increasing estimated revenues by $761,422.00, increasing the amount appropriated for expenditures by $761,422.00, and allotting to the Department of Public Works’ Transportation Projects project in the Transportation category the sum of $761,422.00 for the purpose of funding resurfacing projects along Bells Road and Belt Boulevard.
§ 3. This ordinance shall be in force and effect upon adoption.