Description
Title: To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the amount of $10,369,508.00 from the Central Virginia Transportation Authority and to amend Ord. 2025-058, adopted May 12, 2025, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2025-2026 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2025-2026, and determined a means of financing the same, by (i) establishing a new project for the Department of Public Works in the Transportation - Federal/State/Regional category entitled
Summary
On April 13, 2026, the City of Richmond introduced Ordinance No. 2026-083 to authorize the Chief Administrative Officer to accept $10,369,508 from the Central Virginia Transportation Authority (CVTA) for the Diamond District Transportation Infrastructure Project. This funding will amend the existing Capital Improvement Projects program adopted on May 12, 2025, establishing a new project under the Department of Public Works. The funds are intended to support transportation improvements within the Diamond District redevelopment, a significant 67-acre project that includes a new street grid, multimodal access, and enhancements to local infrastructure. This ordinance aims to enhance mobility, safety, and economic development in the region, directly impacting residents and visitors by improving connectivity and supporting local