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ORD. 2024-038

To amend Ord. No. 2023-071, adopted May 8, 2023, which adopted the Fiscal Year 2023-2024 General Fund Budget and made appropriations pursuant thereto, to (i) create a new line item in the Non-Departmental agency called “ElderHomes Corporation t/a project: HOMES,” (ii) transfer $500,000.00 from the Non-Departmental line-item Reserve for Alternative Housing, (iii) appropriate such $500,000.00 to the new line item in the Non-Departmental agency for the purpose of providing funding for alternative housing, (iv) increase anticipated revenues from certain funds due to the City from the Greater Richmond Convention Center Authority, in accordance with an Interlocal Agreement dated February 1, 2000, by $3,140,571.00, and (v) appropriate a total of $3,140,571.00 of such anticipated revenues to the Department of Economic Development for the purpose of funding certain professional and consulting services for developments in the city of Richmond and for the reimbursement of certain expenditures of the Economic Development Authority.

Ordinance Adopted Introduced February 12, 2024

What this record is

Held by
ElderHomes Corporation
Amount
$3.14M
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
amendment
Field
Professional services

professional services 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.

Committee
City Council
Requested by
City Clerk's Office
Introduced
February 12, 2024
On agenda
February 26, 2024
Passed
February 26, 2024

Where it was heard

City Council Feb 26, 2024 adopted Pass Finance and Economic Development Standing Committee Feb 15, 2024 recommended for approval City Council Feb 12, 2024 introduced and referred

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