Meeting Name: Finance and Economic Development Standing Committee Agenda status: Final
Meeting date/time: 10/19/2023 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: Minutes Minutes  
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
CD.2023.314 1  Council Document September 21, 2023 - Finance & Economic Development Standing Committee Minutes   Action details Not available
CD.2023.316 1  Council Document October 19, 2023 - Finance & Economic Development - Board Vacancy Report   Action details Not available
ORD. 2023-288 11. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a First Amendment to Lease between the City of Richmond, as lessor, and Capital Area Health Network, doing business as Vernon J. Harris East End Community Health Center, as lessee, for the purpose of providing health center office space for the Vernon J. Harris East End Community Health Center at 719 North 25th Street. (7th District)recommended for approval  Action details Not available
ORD. 2023-289 12. OrdinanceTo amend and reordain City Code § 26-355, concerning the levy of tax on real estate, to establish a tax rate of $1.20 for the tax year beginning Jan. 1, 2024, pursuant to Va. Code § 58.1-3321(b), and increasing such rate from the Rolled Back Tax Rate of $1.125 as computed in accordance with Va. Code § 58.1-3321(a).recommended for approval  Action details Not available
ORD. 2023-308 13. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, Afton Avenue Apartments LLC, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 2400 Afton Avenue and 2420 Afton Avenue. (8th District)recommended for approval  Action details Not available
ORD. 2023-309 14. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, 2100 Bainbridge LLC, and the Economic Development Authority of the City of Richmond for the purpose of facilitating the construction of an affordable residential development located at 2100 Bainbridge Street. (5th District)recommended for approval  Action details Not available
ORD. 2023-310 15. OrdinanceTo authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a General Services Administration Public Buildings Service Lease Amendment No. 8 between the City of Richmond and the Government of the United States of America for the purpose of incorporating a prohibition on a ByteDance covered application and reducing the number of parking spaces leased to the federal government at a City-owned parking facility located at 500 East Marshall Street. (6th District)recommended for approval  Action details Not available
ORD. 2023-311 16. OrdinanceTo amend Ord. No. 2022-310, adopted Jan. 9, 2023, which amended City Code § 26-1065, concerning Downtown General Special Service and Assessment District boundaries, for the purpose of expanding the Downtown General Special Service Assessment District to include the Manchester area of the city, to change the effective date from Jan. 1, 2023, to Jan. 1, 2024.recommended for approval  Action details Not available
ORD. 2023-312 17. OrdinanceTo authorize the issuance of general obligation bonds of the City of Richmond, Virginia (the “City”) in the maximum principal amount of $150,000,000 to finance the cost of funding a portion of the City’s unfunded actuarial accrued liability to the Richmond Retirement System, as initially adopted November 18, 1952, by Ordinance No. 52-189-175, as subsequently amended and restated (the “RRS”), with respect to the City’s defined benefit retirement plan for City employees; to authorize the establishment and funding of an irrevocable trust under Section 115 of the Internal Revenue Code to provide the City budget flexibility with respect to its current and future contributions to RRS; to authorize the Director of Finance, with the approval of the Chief Administrative Officer, to negotiate, execute and deliver a Section 115 Trust Agreement, for and on behalf of the City; to authorize the Director of Finance, with the approval of the Chief Administrative Officer, for and on behalf of the City, to sell such bonds for such projects, to provide for the form, details and payment of such general recommended for approval  Action details Not available
ORD. 2023-313 18. OrdinanceTo repeal City Code § 22-113, concerning assets and contributions and employer contributions; to amend ch. 12, art. V, div. 2 of the City Code by adding therein a new section numbered 12-265.1, concerning funding of the Richmond Retirement System; to amend ch. 22, art. IV, div. 1 by adding therein a new section numbered 22-113.1, concerning assets and contributions and employer contributions; to amend ch. 22, art. V by adding therein a new section numbered 22-146, concerning vesting of members who elect to or become members of a VRS Retirement Plan; to amend ch. 22, of the City Code by adding therein a new art. XIII, consisting of §§ 22-341-22-343, concerning the transition to the Virginia Retirement System; and to amend City Code §§ 2-1244 and 2-1246, concerning deferred compensation, and 22-2, 22-52, 22-112, 22-142, 22-143, 22-145, and 22-317, all concerning the Richmond Retirement System, for the purpose of facilitating the transition to the Virginia Retirement System.recommended for approval  Action details Not available
CD.2023.333 1  Council Document October 19, 2023 - Finance & Economic Development Handout   Action details Not available
CD.2023.327 1  Council Document October 19, 2023 Finance & Economic Development Staff Report   Action details Not available