City of Albuquerque - File #: O-24-22

• File #: O-24-22
• Type: Ordinance
• Status: Enacted
• File created: 5/6/2024
• In control: Land Use, Planning, and Zoning Committee
• Final action: 6/3/2024
• Enactment date: 6/21/2024
• Enactment #: O-2024-016
• Effective date: 6/28/2024
• Title: Amending ROA 1994, Chapter 14, Article 8, Part 4, The "Metropolitan Redevelopment Agency Ordinance" (Baca and Grout, by request)
• Sponsors: Joaquin Baca (By Request), Renee Grout (By Request)

Date	Action By	Action	Result
6/21/2024	City Clerk	Published
6/14/2024	Mayor	Signed by the Mayor
6/7/2024	City Council	Sent to Mayor for Signature
6/3/2024	City Council	Passed	Pass
5/20/2024	City Council	Accepted with a Recommendation Do Pass
5/15/2024	Land Use, Planning, and Zoning Committee	Sent to Council with a recommendation of Do Pass	Pass
5/6/2024	City Council	Introduced and Referred
5/6/2024	President	Referred

CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL


COUNCIL BILL NO. O-24-22 ENACTMENT NO. ________________________

SPONSORED BY: Joaqu?n Baca and Ren?e Grout, by request


ORDINANCE
title
Amending ROA 1994, Chapter 14, Article 8, Part 4, The "Metropolitan Redevelopment Agency Ordinance" (Baca and Grout, by request)
body
WHEREAS, local governments are permitted to capture tax increments in established Metropolitan Redevelopment Areas ("MRA") pursuant to the Metropolitan Redevelopment Code, NMSA 1978, [JR1]Sections 3-60A-1 et seq.; and
WHEREAS, during the 2023 and 2024 legislative sessions, the State of New Mexico amended the Metropolitan Redevelopment Code to establish processes for capturing growth in gross receipt tax revenues ("GRT") and property tax revenues within approved MRA boundaries; and
WHEREAS, local governments are permitted to use the increase in GRT revenues and property tax revenues generated within an MRA consistent with the adopted Metropolitan Development Plan for the MRA; and
WHEREAS, the State further amended the Metropolitan Redevelopment Code to expand the powers of local Metropolitan Redevelopment Agencies; and
WHEREAS, the State legislative amendments to the Metropolitan Redevelopment Code necessitate corresponding amendments to the City's Metropolitan Redevelopment Agency Ordinance codified at ROA 1994, Chapter 14, Article 8, Part 4.
BE IT ORDAINED BY THE CITY COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. ROA 1994, Section 14-8-4-3, Redevelopment Project Powers, is hereby amended as follows:
As used in ?? 14-8-4-1 et seq., the term REDEVELOPMENT PROJECT POWERS includes any rights, powers, functions and duties of a municipality authorized by Sections 3-60A-5 through 3-60A-18 NMSA 1978, except the following powers which are reserved to the City Council:
(A) Declaration of an area to be a slum or a blighted area or combination thereof and designation of the area as appropriate for a r...