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Council to consider sale of Laburnum property, Dove Street loan

On the adenda for the Monday, November 26 City Council meeting(PDF):

Ord. No. 2012-217 (Patron: Mayor Jones) – To declare surplus and to direct the conveyance of City-owned real estate located at 2101 West Laburnum Avenue to Automation Technologies, L.L.C. for $485,000 for the purpose of stimulating private investment, job creation and economic development in the area.

Ord. No. 2012-220 (Patron: Mayor Jones) – To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to enter into a Cooperation Agreement between the City of Richmond and the Richmond Redevelopment and Housing Authority for the purpose of funding a $1,500,000 loan by the Authority to Dove Street II LLC to finance the construction of a 48-unit affordable housing complex in the Dove Street area.

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