City of Albuquerque
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File #: R-16-128   
Type: Resolution Status: Enacted
File created: 11/21/2016 In control: City Council
Final action: 1/18/2017
Enactment date: 2/2/2017 Enactment #: R-2017-009
Title: Amending The Adopted Capital Implementation Program Of The City Of Albuquerque By Reallocating Funding To The El Vado Metropolitan Redevelopment Project (Benton)
Attachments: 1. R-128, 2. R-128Enacted
Date Action ByActionResultAction Details
2/2/2017 City Clerk Published  Action details
2/1/2017 Mayor Signed by the Mayor  Action details
1/25/2017 City Council Sent to Mayor for Signature  Action details
1/18/2017 City Council Accepted with a Recommendation Do Pass, as Amended (Immediate Action)  Action details
1/18/2017 City Council PassedPass Action details
1/9/2017 Finance & Government Operations Committee Sent to Council for Immediate ActionPass Action details
1/9/2017 Finance & Government Operations Committee Sent to Council with a recommendation of Do Pass, as AmendedPass Action details
1/9/2017 Finance & Government Operations Committee AmendedPass Action details
12/12/2016 Finance & Government Operations Committee PostponedPass Action details
11/21/2016 City Council Introduced and Referred  Action details
11/21/2016 President Referred  Action details
CITY of ALBUQUERQUE
TWENTY SECOND COUNCIL


COUNCIL BILL NO. R-16-128 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton


RESOLUTION
title
Amending The Adopted Capital Implementation Program Of The City Of Albuquerque By Reallocating Funding To The El Vado Metropolitan Redevelopment Project (Benton)
body
AMENDING THE ADOPTED CAPITAL IMPLEMENTATION PROGRAM OF THE CITY OF ALBUQUERQUE BY REALLOCATING FUNDING TO THE EL VADO METROPOLITAN REDEVELOPMENT PROJECT.
WHEREAS, The 2007 Capital Improvement Plan approved by the City Council through Resolution R-07-333, appropriated $1 million of GO bond funding for West Central Metropolitan Redevelopment Area ("MRA") projects; and
WHEREAS, The City Council supplemented the 2007 West Central MRA project funding with $530,258 of proceeds from the sale of real property through Resolution R-12-26; of which $435,761 was designated for the construction of the Central and Unser Library, through a cooperative agreement between the Councilors of the districts along the West Central corridor; and
WHEREAS, A significant portion of the 2007 West Central MRA funding designated for the Central and Unser Library was not expended, and the library project is now complete; and
WHEREAS, Additional funding is necessary for the MRA project for the El Vado property; and
WHEREAS, There remains an unencumbered balance in the 2007 West Central MRA project of $289,212.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the following appropriations are hereby made and/or changed and that transfers of revenues to the specific projects are made as indicated.
Increase
Department Source (Decrease)
Planning
West Central MRA Project Sale of Real Property (96,404)
El Vado MRA Project Sale of Real Property 96,404
The scope of the project is to acquire land, demolish dilapidated structures, provide infrastructure improvements, pla...

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