To amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 General Fund Budget and made appropriations thereto, to (i) transfer $92,722.00 from the Central Appropriations agency 400 Hull Street, LLC (economic development grant through EDA) line item, (ii) create a new line item called “512 Hull Street, LLC” in the Central Appropriations agency, and (iii) appropriate such $92,722.00 to such new line item in the Central Appropriations agency for the purpose of providing funding to the Economic Development Authority of the City of Richmond for an economic incentive payment for the development and operation of affordable housing pursuant to the Grant Agreement authorized by Ord. No. 2024-195, adopted Jul. 22, 2024.

What this record is

Held by

400 Hull Street, LLC

Amount

$93K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

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

Committee

City Council

Introduced

December 10, 2024

On agenda

January 13, 2025

Passed

January 13, 2025

Where it was heard

City Council Jan 13, 2025 adopted Pass Finance and Economic Development Standing Committee Dec 18, 2024 recommended for approval City Council Dec 9, 2024 introduced and referred

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