City of Albuquerque
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File #: O-19-75   
Type: Ordinance Status: Adopted
File created: 9/4/2019 In control: City Council
Final action: 9/18/2019
Enactment date: Enactment #:
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)
Attachments: 1. O-75
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)
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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...

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