File #: ORD. 2023-280    Version: 1 Name:
Type: Ordinance Status: Adopted
File created: 9/26/2023 In control: City Council
On agenda: 11/6/2023 Final action: 11/6/2023
Title: 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, 700 West 44, LP, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 700 West 44th Street. (5th District)
Patrons: Mayor Stoney
Attachments: 1. Ord. No. 2023-280, 2. 20231002 O.D. Final - Recommendations for Performance Grant Awards Table-, 3. 20231106_Special_2023-280-Handout_Faye Ferguson

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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, 700 West 44, LP, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 700 West 44th Street. (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 Grant Agreement between the City of Richmond, 700 West 44, LP, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 700 West 44th Street. 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.