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ORDINANCE NO. 2024-20 <br />AN ORDINANCE ACCEPTING AN INSTALLATION AND RESILIENCE <br />GRANT IN THE AMOUNT OF $563,204 FROM THE OFFICE OF LOCAL <br />DEFENSE COMMUNITY COOPERATION AND APPROPRIATING SAID <br />FUNDS IN THE FY 2024 GRANTS FUND FOR THE PURPOSE OF STUDYING <br />FLOODING IN CORRIDORS IDENTIFIED BY THE PORTSMOUTH - <br />CHESAPEAKE JOINT LAND USE STUDY. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That it hereby accepts an Installation and Resilience Grant in the amount <br />of $563,204 from the Office of Local Defense Community Cooperation and appropriates <br />said funds in the FY 2024 Grants Fund. <br />2. That the funds shall be used to study flooding in corridors identified by the <br />Portsmouth -Chesapeake Joint Land Use Study. <br />3. That a local match in the amount of $56,320 is required as a condition of <br />the funding, which match has previously been appropriated in the Planning Category of <br />the FY 2024 General Fund Budget. <br />4. That estimated revenues and expenditures in the FY 2024 Grants Fund <br />Budget are increased by $563,204. <br />5. That this ordinance shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on February 27, 2024. <br />Teste: <br />City Clerk <br />