City of Albuquerque - File #: R-12-45

• File #: R-12-45
• Type: Resolution
• Status: Enacted and Published
• File created: 5/7/2012
• In control: City Council
• Final action: 5/21/2012
• Enactment date: 6/4/2012
• Enactment #: R-2012-044
• Title: Concerning A Special Municipal Bond Election To Be Held In The City Of Albuquerque On November 6, 2012; Submitting To A Vote Of The Qualified, Registered Electors At Such Special Election A Question Relating To The Issuance Of Gross Receipts Tax Revenue Bonds In The Principal Amount Of Up To $50,000,000 For Improvements To The Paseo Del Norte And I-25 Interchange (Winter, Lewis, Sanchez)
• Sponsors: Brad Winter, Ken Sanchez, Dan Lewis

Date	Action By	Action	Result
6/4/2012	City Clerk	Published
5/31/2012	Mayor	Signed by the Mayor
5/31/2012	City Council	Sent to Mayor for Signature
5/21/2012	City Council	Do Pass	Pass
5/7/2012	City Council	Introduced
5/7/2012	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTIETH COUNCIL


COUNCIL BILL NO. R-12-45 ENACTMENT NO.____________

SPONSORED BY: Winter, Lewis, Sanchez


RESOLUTION
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Concerning A Special Municipal Bond Election To Be Held In The City Of Albuquerque On November 6, 2012; Submitting To A Vote Of The Qualified, Registered Electors At Such Special Election A Question Relating To The Issuance Of Gross Receipts Tax Revenue Bonds In The Principal Amount Of Up To $50,000,000 For Improvements To The Paseo Del Norte And I-25 Interchange (Winter, Lewis, Sanchez)
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CONCERNING A SPECIAL MUNICIPAL BOND ELECTION TO BE HELD IN THE CITY OF ALBUQUERQUE ON NOVEMBER 6, 2012; SUBMITTING TO A VOTE OF THE QUALIFIED, REGISTERED ELECTORS AT SUCH SPECIAL ELECTION A QUESTION RELATING TO THE ISSUANCE OF GROSS RECEIPTS TAX REVENUE BONDS IN THE PRINCIPAL AMOUNT OF UP TO $50,000,000 FOR IMPROVEMENTS TO THE PASEO DEL NORTE AND 1-25 INTERCHANGE; PROVIDING THE FORM OF THE BOND QUESTION AND THE DESIGNATION CLAUSE FOR SUCH QUESTION 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, has determined that it is necessary and in the best interests of the City and its inhabitants to issue gross receipts tax revenue bonds in the principal amount of up to $50,000,000 for the purpose of studying, designing, developing, constructing, reconstructing, rehabilitating, renovating, modernizing, signing, enhancing, landscaping and otherwise improving and acquiring property for the Paseo del Norte and Interstate-25 interchange (the "Project"); and
WHEREAS, City Enactment No. O-2012-011, City Ordinance No. F/S O-12-17 (the "Bond Ordinance") was adopted by the Council on March 26, 2012 by a vote of 6 councilors in favor and 3 oppos...