ORD. 2025-286 · Ordinance

To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $127,032.00 from the Commonwealth’s Development Opportunity Fund, to amend the Fiscal Year 2025-2026 Special Fund Budget by creating a new special fund for the Department of Economic Development entitled “PPD Special Fund,” and to appropriate the increase to the Fiscal Year 2025-2026 Special Fund Budget by increasing estimated revenues and the amount appropriated to the Department of Economic Development’s PPD Special Fund by $127,032.00, for the purpose of providing PPD Development L.P. with incentives to establish a bioanalytics laboratory facility at 737 North 5th Street in the city of Richmond. (6th District)