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File #: R-18-96   
Type: Resolution Status: Enacted
File created: 11/5/2018 In control: Finance & Government Operations Committee
Final action: 1/7/2019
Enactment date: 1/17/2019 Enactment #: R-2019-001
Title: Amending The Adopted Capital Implementation Program Of The City Of Albuquerque By Supplementing Current Appropriations For An Affordable Housing Development Project Within The Boundaries Of The West Central Metropolitan Redevelopment Area And Directing The Mayor To Execute The Related Development Agreement (Pe?a, Sanchez)
Attachments: 1. R-96, 2. R-96Enacted
Date Action ByActionResultAction Details
1/17/2019 City Clerk Published  Action details
1/14/2019 Mayor Signed by the Mayor  Action details
1/10/2019 City Council Sent to Mayor for Signature  Action details
1/7/2019 City Council Passed as AmendedPass Action details
1/7/2019 City Council AmendedPass Action details
12/17/2018 City Council Accepted with a Recommendation Do Pass  Action details
12/10/2018 Finance & Government Operations Committee Sent to Council with a recommendation of Do PassPass Action details
11/26/2018 Finance & Government Operations Committee PostponedPass Action details
11/5/2018 City Council Introduced and Referred  Action details
11/5/2018 President Referred  Action details
CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. R-18-96 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa Pe?a, Ken Sanchez


RESOLUTION
title
Amending The Adopted Capital Implementation Program Of The City Of Albuquerque By Supplementing Current Appropriations For An Affordable Housing Development Project Within The Boundaries Of The West Central Metropolitan Redevelopment Area And Directing The Mayor To Execute The Related Development Agreement (Pe?a, Sanchez)
body
WHEREAS, on February 5, 2018, the City Council approved Resolution R-18-6, Enactment No. R-2018-005, which designated Workforce Housing Trust Funds for the Nuevo Atrisco project; and
WHEREAS, Nuevo Atrisco is a mixed-use project planned for the northwest corner of Unser Boulevard and Central Avenue and will include an 80-unit, mixed-income apartment complex consisting of 24 units restricted at 30% AMI, 16 units restricted at 50% AMI, 28 units restricted at 60% AMI, and 12 market rate units; and
WHEREAS, the Nuevo Atrisco development will incorporate an additional 8 live/work units which will be financed separately and divided from the development using a condominium structure; and
WHEREAS, the full six acre development will integrate and complement the existing library, health clinic and public transportation facilities at the location; and
WHEREAS, the Nuevo Atrisco development will add residential units to the corridor resulting in increased opportunities for community-serving commercial and retail activity, which will help catalyze redevelopment in this location; and
WHEREAS, the City Council approved Resolution R-01-216 which designated the West Central Metropolitan Redevelopment Area (MRA) and established the related boundaries; and
WHEREAS, the Nuevo Atrisco project is within the boundaries of the West Central MRA and is therefore eligible to receive City Metropolitan Redevelopment funds; and
WHEREAS, the City Council has appro...

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