CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL
COUNCIL BILL NO. F/S
O-15-46 ENACTMENT NO. ________________________
SPONSORED BY: Klarissa J. Pe?a and Don Harris
ORDINANCE
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F/S Authorizing The Issue And Sale Of A Maximum Principal Amount Of $45,000,000 City Of Albuquerque, New Mexico Gross Receipts Tax Improvement Revenue Bonds, Series 2015B In One Or More Series For The Purpose Of (i) Acquiring And Equipping Public Parks, Public Recreational Buildings, Libraries, Visitor Centers, Or Other Public Recreational Facilities, (ii) Improving A Public Bus Rapid Transit System Or Facilities, (iii) Furthering Economic Development Projects Within The City, And (iv) Paying Expenses Related To Issuance Of The Series 2015B Bonds; Providing For The Payment Of The Series 2015B Bonds From Certain Gross Receipts Tax Revenues (Pe?a, Harris)
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AUTHORIZING THE ISSUE AND SALE OF A MAXIMUM COMBINED AGGREGATE PRINCIPAL AMOUNT OF $45,000,000 CITY OF ALBUQUERQUE, NEW MEXICO GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2015A AND TAXABLE SERIES 2015B (TOGETHER, "THE BONDS") FOR THE PURPOSE OF (i) ACQUIRING AND EQUIPPING PUBLIC PARKS, PUBLIC RECREATION BUILDINGS, LIBRARIES, VISITOR CENTERS, OR OTHER PUBLIC RECREATION FACILITIES, (ii) IMPROVING A PUBLIC BUS RAPID TRANSIT SYSTEM OR FACILITIES, (iii) FURTHERING ECONOMIC DEVELOPMENT PROJECTS WITHIN THE CITY, AND (iv) PAYING EXPENSES RELATED TO ISSUANCE OF THE BONDS; PROVIDING FOR THE PAYMENT OF THE BONDS FROM CERTAIN GROSS RECEIPTS TAX REVENUES; PROVIDING THAT CERTAIN TERMS OF THE BONDS WILL BE PROVIDED IN A SUBSEQUENT RESOLUTION; PROVIDING FOR THE COLLECTION OF CERTAIN GROSS RECEIPTS TAXES; PROVIDING FOR THE TERMS AND OTHER DETAILS CONCERNING THE BONDS; PROVIDING FOR CERTAIN DOCUMENTS PERTAINING TO THE BONDS; RATIFYING ACTION PREVIOUSLY TAKEN; REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE; AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE ISSUE AND SALE OF THE BONDS; AND MAKING AN APPROPRIATION.
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