Meeting Name: Finance and Economic Development Standing Committee Agenda status: Final
Meeting date/time: 12/21/2023 1:00 PM Minutes status: Final  
Meeting location: Council Chamber, 2nd Floor – City Hall
Published agenda: Agenda Agenda Published minutes: Action Summary Action Summary Meeting Extra1: Approved Minutes Approved Minutes  
Meeting video: eComment: Not available  
Attachments:
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CD.2023.377 1  Council Document November 16, 2023 - Finance & Economic Development Standing Committee Minutes   Action details Not available
ORD. 2023-359 11. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $265,275.00 from the Commonwealth’s Development Opportunity Fund, to amend the Fiscal Year 2023-2024 Special Fund Budget by creating a new special fund for the Department of Economic Development called the Alacer Corp. Special Fund, and to appropriate the increase to the Fiscal Year 2023-2024 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Economic Development’s Alacer Corp. Special Fund by $265,275.00, for the purpose of providing Alacer Corp. with incentives to improve, equip, and operate its facility at 1211 Sherwood Avenue in the city of Richmond. (3rd District)recommended for approval  Action details Not available
ORD. 2023-365 12. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Performance Agreement between the City of Richmond, Alacer Corp., and the Economic Development Authority of the City of Richmond, for the purpose of providing the balance of the local match funds to Alacer Corp. through a grant from the Economic Development Authority of the City of Richmond in accordance with a Commonwealth’s Development Opportunity Fund Performance Agreement as an incentive to improve, equip, and operate a research and development facility at 1211 Sherwood Avenue in the city of Richmond. (3rd District)recommended for approval  Action details Not available
ORD. 2023-360 13. OrdinanceTo amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 General Fund Budget and made appropriations pursuant thereto, by (i) transferring $100,000.00 from the Non-Departmental agency “Reserve for Children’s Fund” line item, (ii) creating a new line item entitled “Greater Richmond SCAN (Stop Child Abuse Now), Inc. (for FY24 Circle Preschool Program Stabilization)” in the Non-Departmental agency, and (iii) appropriating the total amount of $100,000.00 of the transferred funds to such new line item in the Non-Departmental agency, all for the purpose of stabilizing and continuing operations of a sliding-scale therapeutic preschool program for children who have experienced adversities and direct trauma.recommended for approval  Action details Not available
ORD. 2023-361 14. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $7,142.00 from the Virginia Opioid Abatement Authority, to amend the Fiscal Year 2023-2024 General Fund Budget by creating a new line item in the Non-Departmental agency to be called the “Hanover County OAA Project Recover Grant” line item, and to appropriate the increase to the Fiscal Year 2023-2024 General Fund Budget by increasing estimated revenues and the amount appropriated to such new line item by $7,142.00, all for the purpose of making a grant of matching funds to Hanover County to support the Project Recover initiative funded by the Virginia Opioid Abatement Authority.recommended for approval  Action details Not available
ORD. 2023-362 15. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $2,500.00 from the Virginia Opioid Abatement Authority, to amend the Fiscal Year 2023-2024 General Fund Budget by creating a new line item in the Non-Departmental agency to be called the “Henrico County OAA Planning Grant” line item, and to appropriate the increase to the Fiscal Year 2023-2024 General Fund Budget by increasing estimated revenues and the amount appropriated to such new line item by $2,500.00, all for the purpose of making a grant of matching funds to Henrico County to support the development of a gap analysis of the needs of pregnant and parenting individuals with opioid use disorder.recommended for approval  Action details Not available
ORD. 2023-367 16. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Memorandum of Agreement between the City of Richmond and the Counties of Hanover, Chesterfield, and Henrico for the purpose of funding the development of a gap analysis of the needs of pregnant and parenting individuals with opioid use.recommended for approval  Action details Not available
ORD. 2023-368 17. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute an Operational Agreement for Cooperative Partnership for Opioid Abatement Authority Award between the City of Richmond and the Counties of Hanover and Chesterfield, for the purpose of making a grant of matching funds to Hanover County to support the Project Recover initiative funded by the Virginia Opioid Abatement Authority.recommended for approval  Action details Not available
ORD. 2023-363 18. OrdinanceTo amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 General Fund Budget and made appropriations pursuant thereto, by (i) transferring $250,000.00 from the Office of the Deputy Chief Administrative Officer for Human Services, (ii) transferring $17,320.00 from the Non-Departmental agency “Reserve for Children’s Fund” line item, (iii) creating a new line item entitled “Rings vs. Rent Scholarship Foundation (for School Year 2023-24 MLK MS Leadership Program)” in the Non-Departmental agency, and (iv) appropriating the total amount of $267,320.00 of the transferred funds to such new line item in the Non-Departmental agency, all for the purpose of supporting leadership programming for students at Martin Luther King, Jr., Middle School.recommended for approval  Action details Not available
ORD. 2023-364 19. OrdinanceTo amend Ord. No. 2023-072, adopted May 8, 2023, which appropriated and provided funds for financing the school budget for the fiscal year commencing Jul. 1, 2023, and ending Jun. 30, 2024, by increasing estimated revenues from certain state programs.recommended for approval  Action details Not available
ORD. 2023-366 110. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a First Amendment to Stone Brewery Cooperation Agreement, as Amended, Dated March 2, 2015, Between the City of Richmond, Virginia and the Economic Development Authority of the City of Richmond, Virginia, for the purpose of facilitating the use of excess revenues for economic development activities and projects in the city of Richmond.recommended for approval  Action details Not available
CD.2023.382 1  Council Document December 21, 2023 - Finance & Economic Development Staff Report   Action details Not available