City of Albuquerque - File #: O-19-75

• File #: O-19-75
• Type: Ordinance
• Status: Enacted
• File created: 9/4/2019
• In control: City Council
• Final action: 9/18/2019
• Enactment date: 10/10/2019
• Enactment #: O-2019-026
• Title: Approving A Project Involving Nypro Healthcare Baja Inc. Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Renovation And Improvement Of Healthcare Manufacturing Facilities In Albuquerque, New Mexico; 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 Including The Appropriation Of Funds (Benton, by request)
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
10/10/2019	City Clerk	Published
10/3/2019	Mayor	Signed by the Mayor
9/26/2019	City Council	Sent to Mayor for Signature
9/18/2019	City Council	Passed	Pass
9/4/2019	City Council	Introduced
9/4/2019	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY-THIRD COUNCIL



COUNCIL BILL NO. O-19-75 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton, by request



ORDINANCE
title
Approving A Project Involving Nypro Healthcare Baja Inc. Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Renovation And Improvement Of Healthcare Manufacturing Facilities In Albuquerque, New Mexico; 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 Including The Appropriation Of Funds (Benton, by request)
body
APPROVING A PROJECT INVOLVING NYPRO HEALTHCARE BAJA INC. PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE RENOVATION AND IMPROVEMENT OF HEALTHCARE MANUFACTURING FACILITIES IN ALBUQUERQUE, NEW MEXICO; 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 INCLUDING THE APPROPRIATION OF FUNDS; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; 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 Sections 5-10-1 through 5-10-13 NMSA 1978, as amended (the "Act"), the City is authorized to provide economic development assistance to eligible entities for certain projects located within the corporate limits of the municipality; and
WHEREAS, pursuant to the Act, the City has adopted Ordinance No. F/S 04-10 (the "LEDA Ordinance"), approving an economic development plan for the City and authorizing the City to assist economic dev...