City of Albuquerque - File #: R-18-96

• File #: R-18-96
• Type: Resolution
• Status: Enacted
• File created: 11/5/2018
• In control: City Council
• 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 (Peña, Sanchez)

Date	Action By	Action	Result
1/17/2019	City Clerk	Published
1/14/2019	Mayor	Signed by the Mayor
1/10/2019	City Council	Sent to Mayor for Signature
1/7/2019	City Council	Passed as Amended	Pass
1/7/2019	City Council	Amended	Pass
12/17/2018	City Council	Accepted with a Recommendation Do Pass
12/10/2018	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
11/26/2018	Finance & Government Operations Committee	Postponed	Pass
11/5/2018	City Council	Introduced and Referred
11/5/2018	President	Referred

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


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

SPONSORED BY: Klarissa Pe?a, Ken Sanchez


RESOLUTION
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.
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 six 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 appropriated fund...