Set spending priorities for $550 million Chevron settlement money
In Plain English
The city will receive $550 million from Chevron over 10 years as part of a legal settlement reached in August. Council wants to spend this money on projects that reduce Richmond's dependence on Chevron rather than deepening it. If approved, city staff cannot commit these funds without council permission first.
Auto-generated summary. Source: official agenda documents.
Votes
To decline item P.1, and approve item P.2., which was to adopt a resolution expressing City Council's overarching intention with respect to expenditure of the Chevron settlement funds, outlining types of expenditures that would be consistent with this intention, and prohibiting City employees from making alternative plans or commitments of the funds without first obtaining City Council consent
6 to 1
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