To authorize the issuance of general obligation public improvement bonds of the City of Richmond in the maximum principal amount of $9,778,140 to finance the cost of capital improvement projects of the stormwater utility of the City for the following purposes and uses: replacement of and upgrades to the stormwater facilities, including but not limited to, construction, reconstruction, improvements, rehabilitation and upgrades of stormwater sewers and associated facilities; new and replacement infrastructure of the storm sewer system, drainage structures, catch basins, ditches, storm sewer pipes, culverts, green infrastructure; acquisition of real property therefor as appropriate; and equipment for various infrastructure needs; 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 capital improvement projects; to provide for the form, details and payment of such bonds; to authorize the issuance of notes of the City in anticipation of the issuance of such bonds; and to authorize the issuance of such bonds as either federally tax-exempt bonds or federally taxable bonds, or both.

Committee

City Council

Introduced

March 10, 2026

On agenda

May 11, 2026

Passed

May 11, 2026

Where it was heard

City Council May 11, 2026 adopted Pass City Council Apr 27, 2026 continued City Council Apr 13, 2026 continued City Council Mar 23, 2026 continued City Council Mar 11, 2026 introduced and referred

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