City of Albuquerque - File #: O-19-73

• File #: O-19-73
• Type: Ordinance
• Status: Enacted
• File created: 9/4/2019
• In control: City Council
• Final action: 10/7/2019
• Enactment date: 10/25/2019
• Enactment #: O-2019-027
• Title: Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project And The Issuance Of Metropolitan Redevelopment Revenue Bonds Payable From Rental Payments Therefor; Approving The Metropolitan Redevelopment Application Entitled "Broadstone Nob Hill Metropolitan Redevelopment Bond Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Central/ Highland/ Upper Nob Hill Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Broadstone Nob Hill, LLC, Its Successors And Assigns; Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Metropolitan Redevelopment Revenue Bonds Series 2020 In The Maximum Principal Amount Of $21,500,000 To Provide Funds To Finance A Portion Of The Costs Of The Construction Of The Project (Davis, by request)

Date	Action By	Action	Result
10/25/2019	City Clerk	Published
10/24/2019	Mayor	Signed by the Mayor
10/17/2019	City Council	Sent to Mayor for Signature
10/7/2019	City Council	Passed	Pass
9/18/2019	City Council	Accepted with a Recommendation Do Pass
9/9/2019	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
9/4/2019	City Council	Introduced and Referred
9/4/2019	President	Referred

ORDINANCE
title
Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project And The Issuance Of Metropolitan Redevelopment Revenue Bonds Payable From Rental Payments Therefor; Approving The Metropolitan Redevelopment Application Entitled "Broadstone Nob Hill Metropolitan Redevelopment Bond Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Central/ Highland/ Upper Nob Hill Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Broadstone Nob Hill, LLC, Its Successors And Assigns; Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Metropolitan Redevelopment Revenue Bonds Series 2020 In The Maximum Principal Amount Of $21,500,000 To Provide Funds To Finance A Portion Of The Costs Of The Construction Of The Project (Davis, by request)
body
RELATING TO THE REDEVELOPMENT, LEASING AND SALE OF A METROPOLITAN REDEVELOPMENT PROJECT AND THE ISSUANCE OF METROPOLITAN REDEVELOPMENT REVENUE BONDS PAYABLE FROM RENTAL PAYMENTS THEREFOR; APPROVING THE METROPOLITAN REDEVELOPMENT APPLICATION ENTITLED "BROADSTONE NOB HILL METROPOLITAN REDEVELOPMENT BOND APPLICATION"; AUTHORIZING THE ACQUISITION OF LAND AND EXISTING IMPROVEMENTS AND CONSTRUCTION OF A BUILDING WITHIN THE CENTRAL/ HIGHLAND/ UPPER NOB HILL METROPOLITAN REDEVELOPMENT AREA; AUTHORIZING THE DISPOSITION BY LEASE AND SALE OF THE CITY'S INTEREST IN SUCH PROJECT TO BROADSTONE NOB HILL, LLC, ITS SUCCESSORS AND ASSIGNS; AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO METROPOLITAN REDEVELOPMENT REVENUE BONDS (BROADSTONE NOB HILL PROJECT) SERIES 2020 IN THE MAXIMUM PRINCIPAL AMOUNT OF $21,500,000 TO PROVIDE FUNDS TO FINANCE A PORTION OF THE COSTS OF THE CONSTRUCTION OF THE PROJECT; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND PURCHASE AGREEMENT, THE BONDS, AND OTHER DOCUMENTS IN CONNECTION WIT...