CITY of ALBUQUERQUE
NINETEENTH COUNCIL
COUNCIL BILL NO. F/S
R-11-232 ENACTMENT NO. _ _____________
SPONSORED BY: Brad Winter
RESOLUTION
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F/S Concerning A Special Municipal Bond Election To Be Held In The City Of Albuquerque At The Next City General Election; Submitting To A Vote Of The Qualified, Registered Electors And Nonresident Municipal Electors Certain Questions For Authorizing (1) The Issuance Of General Obligation Bonds In Varying Principal Amounts And For Specified Public Purposes And, To The Qualified Registered Electors (2) The Effectiveness Of An Ordinance Authorizing Issuance Of Gross Receipts Tax Revenue Bonds In The Principal Amount Of Up To $50,000,000 For Certain Public Purposes (Winter)
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CONCERNING A SPECIAL MUNICIPAL BOND ELECTION TO BE HELD IN THE CITY OF ALBUQUERQUE AT THE NEXT CITY GENERAL ELECTION; SUBMITTING TO A VOTE OF THE QUALIFIED, REGISTERED ELECTORS AND NONRESIDENT MUNICIPAL ELECTORS AT SUCH SPECIAL ELECTION CERTAIN QUESTIONS FOR AUTHORIZING (1) THE ISSUANCE OF GENERAL OBLIGATION BONDS IN VARYING PRINCIPAL AMOUNTS AND FOR SPECIFIED PUBLIC PURPOSES AND, TO THE QUALIFIED REGISTERED ELECTORS (2) THE EFFECTIVENESS OF AN ORDINANCE AUTHORIZING ISSUANCE OF GROSS RECEIPTS TAX REVENUE BONDS IN THE PRINCIPAL AMOUNT OF UP TO $50,000,000 FOR CERTAIN PUBLIC PURPOSES; PROVIDING THE FORM OF THE BOND QUESTIONS AND THE DESIGNATION CLAUSE FOR SUCH QUESTIONS ON THE BALLOT; PRESCRIBING OTHER DETAILS IN CONNECTION WITH SUCH SPECIAL ELECTION AND BONDS; AND RATIFYING ACTION PREVIOUSLY TAKEN IN CONNECTION THEREWITH.
WHEREAS, the City Council (the “Council”) of the City of Albuquerque (the “City”) in the County of Bernalillo and State of New Mexico, hereby determines that it is necessary and in the best interests of the City and its inhabitants to issue general obligation bonds and gross receipts tax revenue bonds in the principal amounts and for the purposes provided herein; and
WHEREAS, the Council has th...
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