City of Albuquerque - File #: O-26-17

• File #: O-26-17
• Type: Ordinance
• Status: Enacted
• File created: 3/16/2026
• In control: City Council
• Final action: 4/20/2026
• Enactment date: 4/29/2026
• Enactment #: O-2026-014
• Effective date: 5/13/2026
• Title: C/S Authorizing The Execution And Delivery Of A Water Project Fund Loan/Grant Agreement By And Between The New Mexico Finance Authority ("Finance Authority") And The City Of Albuquerque (The "Borrower/Grantee"), Evidencing An Obligation Of The Borrower/Grantee To Utilize The Loan/Grant Amount Solely For A Water Storage, Conveyance And Delivery Project For Puerto Del Sol Golf Course In The Total Amount Of Three Million Dollars ($3,000,000), Including A Loan In The Amount Of Three Hundred Thousand Dollars ($300,000); Solely In The Manner Described In The Loan/Grant Agreement; Providing For The Pledge And Payment Of The Loan Amount And An Administrative Fee Solely From The Revenues Of The Tax Distributions Received By The Governmental Unit Pursuant To NMSA 1978, ? 7-1-6.1, NMSA 1978, ? 7-1-6.4, NMSA 1978, ? 7-1-6.15, And NMSA 1978, ? 7-9-4, As Amended; Certifying That The Loan/Grant Amount, Together With Other Funds Available To The Borrower/Grantee, Are Sufficient To Complete The Project...
• Sponsors: Nichole Rogers (By Request)

Date	Action By	Action	Result
4/29/2026	City Clerk	Published
4/24/2026	Mayor	Signed by the Mayor
4/24/2026	City Council	Sent to Mayor for Signature
4/20/2026	City Council	Accepted with a Recommendation Do Pass, as Substituted (Immediate Action)
4/20/2026	City Council	Passed	Pass
4/13/2026	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
4/13/2026	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Substituted	Pass
4/13/2026	Finance & Government Operations Committee	Substituted	Pass
3/16/2026	City Council	Introduced and Referred
3/16/2026	President	Referred

CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. C/S O-26-17 ENACTMENT NO.
SPONSORED BY: Nichole Rogers, by request
ORDINANCE
title
C/S Authorizing The Execution And Delivery Of A Water Project Fund Loan/Grant Agreement By And Between The New Mexico Finance Authority ("Finance Authority") And The City Of Albuquerque (The "Borrower/Grantee"), Evidencing An Obligation Of The Borrower/Grantee To Utilize The Loan/Grant Amount Solely For A Water Storage, Conveyance And Delivery Project For Puerto Del Sol Golf Course In The Total Amount Of Three Million Dollars ($3,000,000), Including A Loan In The Amount Of Three Hundred Thousand Dollars ($300,000); Solely In The Manner Described In The Loan/Grant Agreement; Providing For The Pledge And Payment Of The Loan Amount And An Administrative Fee Solely From The Revenues Of The Tax Distributions Received By The Governmental Unit Pursuant To NMSA 1978, ? 7-1-6.1, NMSA 1978, ? 7-1-6.4, NMSA 1978, ? 7-1-6.15, And NMSA 1978, ? 7-9-4, As Amended; Certifying That The Loan/Grant Amount, Together With Other Funds Available To The Borrower/Grantee, Are Sufficient To Complete The Project; Approving The Form Of And Other Details Concerning The Loan/Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Resolution; And Authorizing The Taking Of Other Actions In Connection With The Execution And Delivery Of The Loan/Grant Agreement (Rogers, by request)
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AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER PROJECT FUND LOAN/GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY ("FINANCE AUTHORITY") AND THE CITY OF ALBUQUERQUE (THE "BORROWER/GRANTEE"), EVIDENCING AN OBLIGATION OF THE BORROWER/GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT SOLELY FOR A WATER STORAGE, CONVEYANCE AND DELIVERY PROJECT FOR PUERTO DEL SOL GOLF COURSE IN THE TOTAL AMOUNT OF THREE MILLION DOLLARS ($3,000,000), INCLUDING A LOAN IN THE AMOUNT OF THREE HUNDRED THOUSAND DOLLARS ($300,000); SOLELY IN TH...