Item C-34 | First Year - FY2025 | Second Year - FY2026 |
|---|---|---|
| Improvements: Renovate DMV Headquarters (18712) | $14,844,060 | $16,000,000 |
| Fund Sources: | ||
| Commonwealth Transportation | FY2025 $14,844,060 | FY2026 $16,000,000 |
A.1. The scope of this project shall permit the sale of the current Department of Motor Vehicles (DMV) Headquarters site at 2300 West Broad Street in the City of Richmond and the acquisition and renovation of a replacement headquarters building and customer service center, if determined to be cost-beneficial.
2. The Commissioner of the Department of Motor Vehicles, working in consultation with the Director of the Department of General Services, is authorized to explore the sale of the current DMV Headquarters site at fair market value to determine if such a sale is the most cost-beneficial option for the Commonwealth. If such a sale is determined to be the most cost-beneficial option for the Commonwealth, the Department of General Services is authorized to proceed with the public sale of the current DMV Headquarters site at fair market value. The departments shall communicate the details of such determination with the Six Year Capital Outlay Plan Advisory Committee prior to the sale of the site.
3. The Secretary of Finance may approve a treasury loan for the Department of Motor Vehicles to acquire and improve property for the relocation of the headquarters facility. The treasury loan shall be repaid from the proceeds of the sale of the current DMV Headquarters property. Any proceeds from the sale exceeding the amount of the treasury loan shall be deposited to a special fund in the state treasury to be used to meet the expenses of the Department of Motor Vehicles.
4. If the replacement headquarters building is not suitable to house a customer service center to serve the central Richmond area, the Department of Motor Vehicles is authorized to acquire or lease a second building, or purchase land and construct a new customer service center, to serve customers in the central Richmond area.
5. The Director of the Department of Planning and Budget is authorized to adjust the nongeneral fund appropriation for this project to reflect the proceeds from the sale of current headquarters and the costs associated with the purchase of the replacement property and any required renovations of that property.