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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, 7000 Carnation, LLC, and the Economic Development Authority of the City of Richmond, for the purpose of facilitating the construction and development of the property located at 7000 Carnation Street to provide safe and affordable housing. (9th 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 Grant Agreement between the City of Richmond, 7000 Carnation, LLC, and the Economic Development Authority of the City of Richmond, for the purpose of facilitating the construction and development of the property located at 7000 Carnation Street to provide safe and affordable housing. The Grant Agreement 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.