Approve $64 million bond issuance for Wonderful Foundations charter school facilities

Police & Community SafetyBudget<UNKNOWN>

In Plain English

Wonderful Foundations wants to buy 2 charter school buildings on Marina Way South using $64 million in bonds issued by a state finance authority. The city must formally approve this bond financing even though Richmond taxpayers bear no financial responsibility. If approved, the purchase can proceed and the schools continue operating at these locations.

Auto-generated summary. Source: official agenda documents.

Votes

Reject approval

Moved by: Eduardo MartinezSeconded by: Willis
Passed

5 to 1

WillisAye
Ben ChoiAye
Demnlus Johnson IIIAye
Eduardo MartinezAye
Jael MyrickAye
Nat BatesAbstain
Thomas K. ButtNay