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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)
Attachments: 1. R-266, 2. R-266fs, 3. FS R-266Enacted, 4. R-266fsfinal
Date Action ByActionResultAction Details
1/8/2014 City Clerk Published  Action details
1/8/2014 Mayor Not Signed by the Mayor  Action details
12/24/2013 City Council Sent to Mayor for Signature  Action details
12/16/2013 City Council Passed as SubstitutedPass Action details
12/16/2013 City Council SubstitutedPass Action details
12/2/2013 City Council Accepted Without Recommendation  Action details
11/25/2013 Finance & Government Operations Committee Sent to Council Without RecommendationPass Action details
11/4/2013 City Council Introduced and Referred  Action details
11/4/2013 President Referred  Action details
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...

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