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To authorize the Chief Administrative Officer, for an on behalf of the City of Richmond, to accept grant funds in the amount of $100,000,000.00 from the Virginia Department of Environmental Quality and to appropriate the increase to the Fiscal Year 2023-2024 Capital Budget by increasing estimated revenues and the amount appropriated to the Department of Public Utilities’ Combined Sewer Overflow project in the Utilities category by $100,000,000.00 for the purpose of funding the Combined Sewer Overflow project.
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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, is authorized to accept grant funds in the amount of $100,000,000.00 from the Virginia Department of Environmental Quality for the purpose of funding the Combined Sewer Overflow project.
§ 2. That the funds received from the Virginia Department of Environmental Quality are hereby appropriated to the Capital Budget for the fiscal year commencing July 1, 2023, and ending June 30, 2024, by increasing the estimated revenues by $100,000,000.00, increasing the amount appropriated for expenditures by $100,000,000.00, and allotting such sum to the Department of Public Utilities’ Combined Sewer Overflow project in the Utilities category by $100,000,000.00 for the purpose of funding the Combined Sewer Overflow project.
§ 3. This ordinance shall be in force and effect upon adoption.