CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL
COUNCIL BILL NO. F/S O-18-19 ENACTMENT NO. ________________________
SPONSORED BY: Diane G. Gibson and Ken Sanchez
ORDINANCE
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F/S Approving A Project Involving Albuquerque Investors, LLC And TopGolf USA Albuquerque, LLC Pursuant To The Local Economic Development Act And The Local Economic Development Act Plan Ordinance To Support The Construction Of A Sports Entertainment And Restaurant Services Facility To Be Located On A 14-Acre In-Fill Site And Related Improvements; Authorizing The Execution Of A Project Participation Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project; Ratifying Certain Actions Taken Previously; Waiving Any Conflicts Between This Ordinance And The Local Economic Development Act Plan Ordinance; And Repealing All Actions Inconsistent With This Ordinance (Gibson, Sanchez)
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APPROVING A PROJECT INVOLVING ALBUQUERQUE INVESTORS, LLC AND TOPGOLF USA ALBUQUERQUE, LLC PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND THE LOCAL ECONOMIC DEVELOPMENT ACT PLAN ORDINANCE TO SUPPORT THE CONSTRUCTION OF A SPORTS ENTERTAINMENT AND RESTAURANT SERVICES FACILITY TO BE LOCATED ON A 14-ACRE IN-FILL SITE AND RELATED IMPROVEMENTS; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; WAIVING ANY CONFLICTS BETWEEN THIS ORDINANCE AND THE LOCAL ECONOMIC DEVELOPMENT ACT PLAN ORDINANCE; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
WHEREAS, the City of Albuquerque (the "City") is a legally and regularly created, established, organized, and existing municipal corporation of the State of New Mexico (the "State"); and
WHEREAS, pursuant to NMSA 1978, Sections 5-10-1 through 5-10-13 (1993, as amended) (collectively the "...
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