Tuesday, June 9, 2009
City Council Meeting June 8, 2009
Above, the last orders of business at the June 8, 2009 meeting of Richmond's City Council was consideration of Ordinance 2009-105 which provided an additional seven months [after having had the option to purchase the property for the last five years and failing to establish a restaurant at the site as previously agreed] to Restauranteur Inc. which is led by the Ripp family who own several Richmond area Arby's restaurants, Havana '59 in Shockoe Bottom, and CanCan in Carytown.
The terms of the ordinance allow purchase of the property for $725,000 but the property is assessed at $2 million.
Below, watch the complete unedited meeting.