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Meeting Name: Finance and Economic Development Standing Committee Agenda status: Final
Meeting date/time: 11/19/2025 2:00 PM Minutes status: Final  
Meeting location: Council Chamber, 2nd Floor – City Hall
Published agenda: Agenda Agenda Published minutes: Action Summary Action Summary Meeting Extra1: Not available  
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
ORD. 2025-246 11. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $3,817.00 from the National Recreation and Park Association and to appropriate the increase to the Fiscal Year 2025-2026 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Parks, Recreation, and Community Facilities’ Grant - Mentoring Opportunities for Youth Initiative Special Fund by $3,817.00 for the purpose of providing services to youth impacted by and at risk for substance misuse.recommended for approval  Action details Not available
ORD. 2025-247 12. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $15,000,000.00 from the Commonwealth of Virginia, and to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Economic Development called “CoStar Special Fund,” and appropriating the increase to the Department of Economic Development’s CoStar Special Fund by $15,000,000.00, for the purpose of funding the development of infrastructure at CoStar Realty Information, Inc.’s existing and planned facilities located at 501 South 5th Street and 600 Tredegar Street in the city of Richmond.recommended for approval  Action details Not available
ORD. 2025-248 13. OrdinanceTo authorize the Chief Administrative Officer to accept funds in the amount of $25,000.00 from AARP, to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Public Works called the “AARP Community Challenge Special Fund,” and to appropriate the increase to the Fiscal Year 2025-2026 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Public Works’ “AARP Community Challenge Special Fund” by $25,000.00, for the purpose of funding the planning, design, construction, and implementation of a bus boarding platform.recommended for approval  Action details Not available
ORD. 2025-249 14. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to enter into the Twenty-Eighth Commercial Area Revitalization Effort Program Cooperation Agreement between the City of Richmond, Virginia, and the Economic Development Authority of the City of Richmond for the purpose of providing for the operation of the Commercial Area Revitalization Effort (“CARE”) Program.recommended for approval  Action details Not available
ORD. 2025-250 15. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $18,319.00 from the Virginia Department of Fire Programs, and to appropriate the increase to the Fiscal Year 2025-2026 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Fire and Emergency Services’ State Fire Programs Special Fund by $18,319.00 for the purpose of providing funding for training, training centers, equipment, and protective clothing for firefighters.recommended for approval  Action details Not available
ORD. 2025-251 16. OrdinanceTo amend Ord. No. 2025-057, adopted May 12, 2025, which adopted the Fiscal Year 2025-2026 General Fund Budget and made appropriations thereto, by transferring $284,175.00 from the Council Chief of Staff, and appropriating such transferred funds to the Chief Administrative Offices for the purpose of supporting the participatory budgeting process.recommended for approval  Action details Not available
RES. 2025-R043 17. ResolutionTo request that the Chief Administrative Officer cause the Department of Finance and Department of Housing and Community Development, in coordination with other relevant City departments, to conduct an inventory of existing City programs and initiatives that mitigate displacement, to assess their effectiveness, and to report findings and recommendations to the Council within 120 days.recommended for approval  Action details Not available
RES. 2025-R050 18. ResolutionTo request that the Mayor propose an annual budget for Fiscal Year 2026-2027 that recommends a real estate tax levy of $1.16 per $100 of assessed value as a means of tax relief for residents who pay real estate taxes and as affirmation of the City’s commitment to live within its fiscal means.forwarded with no recommendation  Action details Not available
CD.2025.358 1  Council Document ARPA Quarterly Update   Action details Not available
CD.2025.365 1  Council Document Finance & Economic Development Standing Committee Staff Report November 19, 2025   Action details Not available