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Committee forwards $4 million VRA loan for Almond Creek sewer interceptor to full council
Summary
Finance committee voted to forward ordinance 2025‑133 authorizing execution of a financing agreement with the Virginia Resources Authority to fund the Almond Creek interceptor project: a $4 million, 0% loan with up to 20-year term; funding is reimbursement-based and available after documents are executed.
The Richmond City Finance Committee voted to forward ordinance 20 25 1 33 to the full council with a recommendation to approve a financing agreement with the Virginia Resources Authority (VRA) to fund the Almond Creek sewer interceptor and stream-stabilization project.
Deputy Director of Finance for DPU Billy…
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