Board approves transfer of two East Main Street buildings to Wayne County Land Trust for rehabilitation

The Richmond City Board of Works voted to approve Resolution No. 3, 2026, transferring ownership of two city properties at 720 and 722 East Main Street to the Wayne County Foundation, doing business as the Wayne County Land Trust, for rehabilitation and subsequent lease to business owners and apartment renters.

A presenter asked the board to approve the resolution, explaining the city’s intent to move the properties into the trust for rehabilitation of the storefronts and to properly finish the upstairs apartments that were finalized for rental in 2023. After a motion and second, the board approved the resolution by voice vote.

The resolution does not specify a rehabilitation timeline or funding sources in the discussion recorded in the transcript. City staff said the trust will be responsible for rehabilitation and eventual leasing; no transfer conditions or covenants were read into the record during the meeting.

The board recorded the approval of Resolution No. 3, 2026 and moved on to the next agenda items.