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, plan, design, construct and otherwise provide improvements in support of the redevelopment of the El Vado property.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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