Description
Title: March 10, 2026 Informal Meeting Minutes
Summary
The informal meeting of the Richmond City Council on March 10, 2026, addressed various legislative items and updates pertinent to city governance. Key discussions included the review of multiple ordinances, with some set for amendment and continuation to future meetings. Notably, Ordinance 2026-048, concerning a time-sensitive lease agreement renewal, was highlighted. Additionally, the Richmond Retirement System (RRS) presented its annual update, covering investment summaries and the financial health of the retirement system. Councilor Reva Trammell raised concerns about the lack of recent cost-of-living adjustments (COLAs) for retirees, emphasizing the financial strain of inflation. The RRS clarified that COLAs are granted on an ad hoc basis and require separate funding