Finance and Economic Development Standing Committee
Council Chamber, 2nd Floor – City Hall
Agenda — 47 items
- 1 Persons requesting to provide comments virtually during the public hearings or public comment period held at this meeting, must call the Office of the City Clerk at (804) 646-7955, option 3, by no later than 10:00 a.m., on Wednesday, December 18, 2024.
- 1 Committee Members in Attendance
- 2 Call to Order
- 2 The Honorable Cynthia Newbille – Chair The Honorable Ellen Robertson – Vice Chair The Honorable Katherine Jordan – Member
- 3 Chamber Emergency Evacuation Plan Announcement and Public Speaker Guidelines
- 3 Staff in Attendance
- 4 Public Comment Period
- 4 Tori Cotman, Assistant City Attorney LaTanja Davenport, Council Budget Analyst Tamiya Lunsford, Council Budget Analyst Nahdiyah Muhammad, Assistant City Clerk RJ Warren, Deputy City Clerk
- 5 Approval of Minutes
- 6 November 21, 2024 - Finance and Economic Development Standing Committee Meeting Minutes
- 6 Chair Cynthia Newbille called the meeting to order at 1:30 p.m., and presided.
- 7 Paper(s) for Consideration
- 1. 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.
- 8 Upon the Chair’s request, Assistant City Clerk Nahdiyah Muhammad provided information on the appropriate manner in which the Council Chamber is to be evacuated in the event of an emergency along with public speaker guidelines.
- 2. To amend Ord. No. 2024-099, adopted May 13, 2024, which adopted the Fiscal Year 2024-2025 Internal Service Fund Budgets, by re-appropriating $5,700,000.00 from the Fiscal Year 2023-2024 Information Technology fund balance to the Department of Information Technology Internal Service Fund to fund necessary equipment replacement and project expenses.
- 3. To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, 1400 Hull Owner, 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 1401 Hull Street, 1403 Hull Street, 1405 Hull Street, and 1407 Hull Street. (6th District)
- 10 There were no public comment speakers.
- 4. To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to execute a Grant Agreement between the City of Richmond, 1500 Hull Owner, 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 1501 Hull Street, 1503 Hull Street, 1505 Hull Street, and 1511 Hull Street. (6th District)
- 12 Presentation(s)
- 12 There were no amendments or corrections to the meeting minutes of November 21, 2024, and the committee approved the minutes as presented.
- 13 There were no presentations.
- 14 Board Vacancies
- 15 There were no board vacancies.
- 15 The following ordinance was considered:
- 16 Discussion Item(s)
- 17 There were no discussion items.
- 17 Katie McConnell, Deputy Director of Economic Development, provided an introduction and additional background information regarding the proposed ordinance.
- 18 Staff Report
- 18 Public Hearing
- 19 December 18, 2024 - Finance and Economic Development Staff Report
- 19 There were no public hearing speakers.
- 20 There were no comments or discussions and Vice Chair Ellen Robertson moved to forward ORD. 2024-321 to Council with the recommendation to approve, which was seconded and unanimously approved.
- 21 The following ordinance was considered:
- 23 Charles Todd, Director of the Department of Information Technology (DIT), provided an introduction and additional background information regarding the proposed ordinance.
- 24 Public Hearing
- 25 There were no public hearing speakers.
- 26 There were no comments or discussions and Vice Chair Ellen Robertson moved to forward ORD. 2024-322 to Council with the recommendation to approve, which was seconded and unanimously approved.
- 27 The following ordinances were considered:
- 30 Merrick Malone, Acting Director of Housing and Community Development, provided an introduction and additional background information regarding the proposed ordinances.
- 31 page break
- 32 Public Hearing
- 33 There were no public hearing speakers.
- 34 There were no comments or discussions and Vice Chair Ellen Robertson moved to forward ORD. 2024-323 and ORD. 2024-324 to Council with the recommendation to approve, which was seconded and unanimously approved.
- 42 Council staff provided the committee with the December Finance and Economic Development Standing Committee staff report.
- 44 A copy of material provided has been filed.
- 45 Adjournment
- 46 There being no further business, the meeting adjourned at 1:40 p.m.