City of Albuquerque - File #: O-25-87

• File #: O-25-87
• Type: Ordinance
• Status: Enacted and Published
• File created: 6/2/2025
• In control: City Council
• Final action: 6/16/2025
• Enactment date: 7/1/2025
• Enactment #: O-2025-021
• Title: Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Taxable Industrial Revenue Bond (Sawmill Bellamah Properties Project) In Three Series In The Maximum Principal Amount Of $227,500,000 To Provide Funds To Acquire, Construct, Equip, And Improve Three Interrelated Components Within The Sawmill District: (I) The $76,300,000 Sawmill Hotel With An Anticipated 115 Guestrooms, 10 Suites, Restaurants, And Conference/Meeting Space; (II) The $70,400,000 Chaco Residences With An Anticipated 107 Extended Stay Guestrooms, Including 8 Suites, Wellness Areas, Restaurants And Conference Facilities; And (III) The $80,800,000 Sawmill Mixed Use Development With An Anticipated 140 Apartments With Entertainment Venues, Restaurants And Retail Space; Authorizing The Execution And Delivery Of Indentures, Lease Agreements, Bond Purchase Agreements, Bonds, And Other Documents In Connection With Each Series Of Bonds; Making Certain Determinations And Findings Relating To The Bonds And The P...
• Sponsors: Joaquin Baca (By Request)

Date	Action By	Action	Result
7/1/2025	City Clerk	Published
6/30/2025	Mayor	Signed by the Mayor
6/20/2025	City Council	Sent to Mayor for Signature
6/16/2025	City Council	Passed as Amended	Pass
6/16/2025	City Council	Amended	Pass
6/2/2025	City Council	Introduced
6/2/2025	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL


COUNCIL BILL NO. O-25-87 ENACTMENT NO. ________________________

SPONSORED BY: Joaqu?n Baca and Dan Lewis, by request


ORDINANCE
title
Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Taxable Industrial Revenue Bond (Sawmill Bellamah Properties Project) In Three Series In The Maximum Principal Amount Of $227,500,000 To Provide Funds To Acquire, Construct, Equip, And Improve Three Interrelated Components Within The Sawmill District: (I) The $76,300,000 Sawmill Hotel With An Anticipated 115 Guestrooms, 10 Suites, Restaurants, And Conference/Meeting Space; (II) The $70,400,000 Chaco Residences With An Anticipated 107 Extended Stay Guestrooms, Including 8 Suites, Wellness Areas, Restaurants And Conference Facilities; And (III) The $80,800,000 Sawmill Mixed Use Development With An Anticipated 140 Apartments With Entertainment Venues, Restaurants And Retail Space; Authorizing The Execution And Delivery Of Indentures, Lease Agreements, Bond Purchase Agreements, Bonds, And Other Documents In Connection With Each Series Of Bonds; Making Certain Determinations And Findings Relating To The Bonds And The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Baca and Lewis, by request)
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AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (SAWMILL BELLAMAH PROPERTIES PROJECT) IN THREE SERIES IN THE MAXIMUM PRINCIPAL AMOUNT OF $227,500,000 TO PROVIDE FUNDS TO ACQUIRE, CONSTRUCT, EQUIP, AND IMPROVE THREE INTERRELATED COMPONENTS WITHIN THE SAWMILL DISTRICT: (I) THE $76,300,000 SAWMILL HOTEL WITH AN ANTICIPATED 115 GUESTROOMS, 10 SUITES, RESTAURANTS, AND CONFERENCE/MEETING SPACE; (II) THE $70,400,000 CHACO RESIDENCES WITH AN ANTICIPATED 107 EXTENDED STAY GUESTROOMS, INCLUDING 8 SUITES, WELLNESS AREAS, RESTAURANTS AND CONFERENCE FACILITIES; AND (III) THE $80,800,000 SAWMILL MIXED USE...