City of Albuquerque - File #: R-07-202

• File #: R-07-202
• Type: Resolution
• Status: Enacted and Published
• File created: 2/21/2007
• In control: City Council
• Final action: 3/19/2007
• Enactment date: 4/3/2007
• Enactment #: R-2007-030
• Title: Further Defining the Department of Family and Community Services '05 GO Bond Community Revitalization Set-Aside Project to Include the Acquisition of the Railyard Property in the Barelas Neighborhood (Benton)
• Sponsors: Isaac Benton

Date	Action By	Action	Result
4/3/2007	City Clerk	Published
3/30/2007	Mayor	Signed by the Mayor
3/22/2007	City Council	Sent to Mayor for Signature
3/19/2007	City Council	Accepted with a Recommendation Do Pass (Immediate Action)
3/19/2007	City Council	Do Pass	Pass
3/12/2007	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
3/12/2007	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
2/21/2007	City Council	Introduced and Referred
2/21/2007	President	Referred

CITY of ALBUQUERQUE
SEVENTEENTH COUNCIL


COUNCIL BILL NO. R-07-202 ENACTMENT NO. ________________

SPONSORED BY: Isaac Benton

RESOLUTION
t
Further Defining the Department of Family and Community Services '05 GO Bond Community Revitalization Set-Aside Project to Include the Acquisition of the Railyard Property in the Barelas Neighborhood (Benton)
b
FURTHER DEFINING THE DEPARTMENT OF FAMILY AND COMMUNITY SERVICES '05 GO BOND COMMUNITY REVITALIZATION SET-ASIDE PROJECT TO INCLUDE THE ACQUISITION OF THE RAILYARD PROPERTY IN THE BARELAS NEIGHBORHOOD; UNRESERVING FUNDS SET ASIDE IN THE GENERAL FUND FOR FY/06 EXPENSES AND APPROPRIATING THEM TO THE ACQUISITION OF THE RAILYARD PROPERTY PROJECT IN FAMILY AND COMMUNITY SERVICES.
WHEREAS, the City has set aside out of the proceeds of the 2005 general obligation bond issuance $4,000,000 for Community Revitalization; and
WHEREAS, the project description for the 2005 G.O. Bond Community Revitalization Set Aside Project, activity number 7395120, states that one of the purposes of this funding is to acquire land for projects associated with redevelopment activity in defined centers and corridors and/or in blighted areas of the City; and
WHEREAS, the project description also states that adjacent neighborhoods shall be involved by the implementing agencies in the planning and construction of these projects; and
WHEREAS, there is an unencumbered fund balance sufficient to make the appropriation outlined below; and
WHEREAS, in FY/06, the City Council reserved $4.075 million for the City Council to cover increased fuel costs in FY/06; and
WHEREAS, per the FY/06 Year-End Clean-up bill now before the Council (R-06-141), $2.774 million is unreserved and appropriated for excess fuel costs for FY/06, leaving a total of $1.301 million available to be unreserved and utilized for another purpose; and
WHEREAS, the acquisition and redevelopment of the Railyard Property is critical for the...