City of Albuquerque
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File #: R-15-188   
Type: Resolution Status: Enacted
File created: 4/6/2015 In control: City Council
Final action: 3/6/2017
Enactment date: 3/17/2017 Enactment #: R-2017-021
Title: Declaring The Intent Of The City Council Of The City Of Albuquerque, New Mexico To Consider For Adoption A Resolution Approving The Formation Of The Lower Petroglyphs Tax Increment Development District; Approving, Subject To Further Proceedings Of The City Council, A Tax Increment Development Plan For The District, The Purposes Of The District, Identification Of Gross Receipts Tax Increment And Property Tax Increment Financing Mechanisms, And Bonds Secured By Gross Receipts Tax Increment Revenue And Property Tax Increment Revenue (Sanchez)
Attachments: 1. R-188, 2. R-188Enacted
Date Action ByActionResultAction Details
3/17/2017 City Clerk Published  Action details
3/17/2017 Mayor Signed by the Mayor  Action details
3/13/2017 City Council Sent to Mayor for Signature  Action details
3/6/2017 City Council PassedPass Action details
2/22/2017 City Council PostponedPass Action details
1/18/2017 City Council Postponed as AmendedPass Action details
1/18/2017 City Council AmendedPass Action details
12/5/2016 City Council PostponedPass Action details
11/7/2016 City Council Postponed as AmendedPass Action details
11/7/2016 City Council AmendedPass Action details
10/17/2016 City Council Accepted Without Recommendation  Action details
10/10/2016 Finance & Government Operations Committee Sent to Council Without RecommendationPass Action details
3/21/2016 City Council MotionPass Action details
4/6/2015 City Council Introduced and Referred  Action details
4/6/2015 President Referred  Action details
CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL


COUNCIL BILL NO. R-15-188 ENACTMENT NO. ________________________

SPONSORED BY: Ken Sanchez


RESOLUTION
title
Declaring The Intent Of The City Council Of The City Of Albuquerque, New Mexico To Consider For Adoption A Resolution Approving The Formation Of The Lower Petroglyphs Tax Increment Development District; Approving, Subject To Further Proceedings Of The City Council, A Tax Increment Development Plan For The District, The Purposes Of The District, Identification Of Gross Receipts Tax Increment And Property Tax Increment Financing Mechanisms, And Bonds Secured By Gross Receipts Tax Increment Revenue And Property Tax Increment Revenue (Sanchez)
body
DECLARING THE INTENT OF THE CITY COUNCIL OF THE CITY OF ALBUQUERQUE, NEW MEXICO TO CONSIDER FOR ADOPTION A RESOLUTION APPROVING THE FORMATION OF THE LOWER PETROGLYPHS TAX INCREMENT DEVELOPMENT DISTRICT; APPROVING, SUBJECT TO FURTHER PROCEEDINGS OF THE CITY COUNCIL, A TAX INCREMENT DEVELOPMENT PLAN FOR THE DISTRICT, THE PURPOSES OF THE DISTRICT, IDENTIFICATION OF GROSS RECEIPTS TAX INCREMENT AND PROPERTY TAX INCREMENT FINANCING MECHANISMS, AND BONDS SECURED BY GROSS RECEIPTS TAX INCREMENT REVENUE AND PROPERTY TAX INCREMENT REVENUE; AUTHORIZING AND DIRECTING THE POSTING, MAILING AND PUBLICATION, IN A NEWSPAPER OF GENERAL CIRCULATION WITHIN THE COUNTY, OF A NOTICE OF PUBLIC MEETING AND HEARING TO BE HELD ON MAY 1, 2017 TO CONSIDER FOR ADOPTION THE RESOLUTION APPROVING THE FORMATION OF THE DISTRICT.
WHEREAS, the Legislature of the State has enacted the Tax Increment for Development Act, NMSA 1978, ?? 5-15-1 to -28 (2006, as amended) (the "Act"), pursuant to which the governing body of a municipality may adopt a resolution authorizing the formation of a tax increment development district following a public hearing and based upon certain findings required pursuant to NMSA 1978, ? 5-15-7 (2006); and
WHEREAS, the City Council of the City of Albuquerque h...

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