The Charlottesville City Council will consider a resolution on Monday to remove its investments from companies associated with fossil fuels and weapons manufacturing.
The resolution comes after councilors received a report last month about the roughly $2.16 million invested in such companies through the city’s retirement plan or operational funding investments.
The resolution focuses on the operating fund investments. The retirement commission plans to present a report on its investments in the fall.
The resolution gives city officials 30 days to remove all investments from companies associated with fossil fuels or weapons.
City staff members have not named the companies, but they describe energy companies as those directly and indirectly contributing to climate change, including chemical manufacturers, railroad companies, airlines and utilities.
According to last month’s report, the city has retirement investments of about $1.56 million in defense companies and $818,000 in energy companies, with another $788,000 tied to bonds issued by energy companies.
At Monday’s meeting, the council also will consider a special-use permit for a drive-thru window for a restaurant at the former Wells Fargo bank at 1617 Emmet St.
According to the permit application, the shop would be a Starbucks.
The parcel sits at the corner of Emmet Street (U.S. 29) and Angus Road. It is at the end of the parking lot for Best Buy and Petco near the U.S. 250 Bypass.
The existing entrance to the property off Emmet Street would be eliminated for the store. The main site access would come off the entrance to the Best Buy shopping center.
The Planning Commission recommended approval of the proposal in May.
However, after that recommendation, a new site plan was submitted, designating employee parking in the back, on the Best Buy side, and two-way traffic on both sides of the building.
City staff members noted that the new proposal directly contradicts a Planning Commission recommendation that all traffic be one way.
Because of the changes to the site plan, the council could choose to send the proposal back to the Planning Commission.
The council will conduct a first reading on Monday. The proposal requires a second reading for approval.
Charlottesville and the surrounding part of Albemarle County are home to at least 10 Starbucks stores. The closest to the proposal is within the Harris Teeter at the Barracks Road Shopping Center.
In other business, the council will consider appropriating $100,000 for the planning and marketing of Unity Days.
The summer-long series of events, which kicked off in May, is meant to commemorate the white nationalist violence of August 2017. Events are planned to promote improved race relations, social justice and remembrance.
The City Council meets at 6:30 p.m. Monday at City Hall, 605 E. Main St.