City of Albuquerque - File #: R-13-266

• File #: R-13-266
• Type: Resolution
• Status: Enacted
• File created: 11/4/2013
• In control: City Council
• Final action: 12/16/2013
• Enactment date: 1/9/2014
• Enactment #: R-2013-143
• Title: F/S Rescinding That Portion Of Resolution F/S R-11-259 Which Designated Workforce Housing Trust Funds For Acquisition Of Property On North Fourth Street; Redesignating Workforce Housing Trust Funds To Acquire Certain Property On North Fourth Street; Authorizing The City To Enter Into An Intergovernmental Agreement With The County Of Bernalillo; Calling For A Joint Planning Collaboration Between The City And The County (Benton)

Date	Action By	Action	Result
1/8/2014	City Clerk	Published
1/8/2014	Mayor	Not Signed by the Mayor
12/24/2013	City Council	Sent to Mayor for Signature
12/16/2013	City Council	Passed as Substituted	Pass
12/16/2013	City Council	Substituted	Pass
12/2/2013	City Council	Accepted Without Recommendation
11/25/2013	Finance & Government Operations Committee	Sent to Council Without Recommendation	Pass
11/4/2013	City Council	Introduced and Referred
11/4/2013	President	Referred

CITY of ALBUQUERQUE
TWENTIETH COUNCIL


COUNCIL BILL NO. F/S R-13-266 ENACTMENT NO. ____________________

SPONSORED BY: Isaac Benton


RESOLUTION
title
F/S Rescinding That Portion Of Resolution F/S R-11-259 Which Designated Workforce Housing Trust Funds For Acquisition Of Property On North Fourth Street; Redesignating Workforce Housing Trust Funds To Acquire Certain Property On North Fourth Street; Authorizing The City To Enter Into An Intergovernmental Agreement With The County Of Bernalillo; Calling For A Joint Planning Collaboration Between The City And The County (Benton)
body
RESCINDING THAT PORTION OF RESOLUTION F/S R-11-259 WHICH DESIGNATED WORKFORCE HOUSING TRUST FUNDS FOR ACQUISITION OF PROPERTY ON NORTH FOURTH STREET; REDESIGNATING WORKFORCE HOUSING TRUST FUNDS TO ACQUIRE CERTAIN PROPERTY ON NORTH FOURTH STREET; AUTHORIZING THE CITY TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT WITH THE COUNTY OF BERNALILLO; CALLING FOR A JOINT PLANNING COLLABORATION BETWEEN THE CITY AND THE COUNTY.
WHEREAS, the Workforce Housing Opportunity Act (? 14-9-4 (C) (3) ROA 1994 as amended) established land acquisition for affordable housing as a priority use of funds; and
WHEREAS, the North Fourth Street Rank III Corridor Plan created an Overlay Zone along North Fourth Street which calls for Mixed Use Development, including but not limited to development of residential housing; and
WHEREAS, approximately 5 acres of property at 3525 4th Street NW in Albuquerque as more specifically described in Exhibit "1" of Exhibit "A" attached hereto is for sale at a price of approximately $900,000 (the "Property"); and
WHEREAS, the City has Workforce Housing Trust Funds available that were previously reserved in F/S R-11-259 (Enactment No. R-2011-112) for the purpose of acquiring the Property, paying reasonable closing costs, and demolishing existing structures on the Property; and
WHEREAS, the City is amenable to pursuing acquisition...