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ORD. 1986-300-277

Authorizing the Director of Finance, for and on behalf of the City of Richmond, to borrow $1,000,000.00 from Central Fidelity Bank, pursuant to an agreement entered into 1n accordance with the terms and provisions of Ordinance No. 84-288-256, adopted November 19, 1984, as modified by Ordinance No. 85-215-205, adopted August 26, 1985, author­izing the borrowing of not to exceed $4,000,000 for the purpose of financing the purchase of machinery and equipment, said $1,000,000.00 to defray the cost of acquisition of equipment (computer equipment and computer software).

Ordinance Adopted Introduced August 11, 2025

What this record is

Held by
Central Fidelity Bank 3 records across this site
Amount
$4.00M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
contract
Field
Technology

technology contracts in VA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Central Fidelity Bank also holds

Authorizing the Director of Finance, for and on behalf of the City of Richmond, to borrow $840,524.00 from Central Fidelity Bank, pursuant to an agree… $4.00M Richmond, VA Authorizing the Director of Finance, for and on behalf of the City of Richmond , to borrow $119,750 from Central Fidelity Bank, pursuant to an agreeme… $4.00M Richmond, VA
Committee
City Council
Introduced
August 11, 2025
On agenda
December 22, 1986
Passed
December 22, 1986

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