City of Albuquerque
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File #: O-19-77   
Type: Ordinance Status: In Committee
File created: 9/4/2019 In control: Finance & Government Operations Committee
Final action:
Enactment date: Enactment #:
Title: Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Tax Refunding And Improvement Revenue Bonds In Two Series In An Aggregate Principal Amount Not To Exceed $47,000,000: (I) Gross Receipts Tax/Lodgers' Tax Refunding And Improvement Revenue Bonds, Series 2019A In The Maximum Principal Amount Of $37,000,000, And (II) Gross Receipts Tax Refunding Revenue Bonds, Series 2019B In The Maximum Principal Amount Of $10,000,000 For The Purpose Of (A) Financing The Cost Of Refunding The City's Outstanding Gross Receipts Tax/Lodgers' Tax Refunding Revenue Bonds, Series 2009A And The City's Outstanding Gross Receipts Tax Refunding Revenue Bond, Series 2009B, And (B) Studying, Designing, Developing, Constructing, Reconstructing, Rehabilitating, Renovating, Modernizing, Signing, Enhancing And Otherwise Improving The City's Convention Center And Other Tourist-Related Facilities (Davis, by request)
Attachments: 1. O-77
CITY of ALBUQUERQUE
TWENTY-THIRD COUNCIL

COUNCIL BILL NO. O-19-77 ENACTMENT NO. ________________________

SPONSORED BY: Patrick Davis, by request


ORDINANCE
title
Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Tax Refunding And Improvement Revenue Bonds In Two Series In An Aggregate Principal Amount Not To Exceed $47,000,000: (I) Gross Receipts Tax/Lodgers' Tax Refunding And Improvement Revenue Bonds, Series 2019A In The Maximum Principal Amount Of $37,000,000, And (II) Gross Receipts Tax Refunding Revenue Bonds, Series 2019B In The Maximum Principal Amount Of $10,000,000 For The Purpose Of (A) Financing The Cost Of Refunding The City's Outstanding Gross Receipts Tax/Lodgers' Tax Refunding Revenue Bonds, Series 2009A And The City's Outstanding Gross Receipts Tax Refunding Revenue Bond, Series 2009B, And (B) Studying, Designing, Developing, Constructing, Reconstructing, Rehabilitating, Renovating, Modernizing, Signing, Enhancing And Otherwise Improving The City's Convention Center And Other Tourist-Related Facilities (Davis, by request)
body
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAX REFUNDING AND IMPROVEMENT REVENUE BONDS IN TWO SERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $47,000,000: (I) GROSS RECEIPTS TAX/LODGERS' TAX REFUNDING AND IMPROVEMENT REVENUE BONDS, SERIES 2019A IN THE MAXIMUM PRINCIPAL AMOUNT OF $37,000,000, AND (II) GROSS RECEIPTS TAX REFUNDING REVENUE BONDS, SERIES 2019B IN THE MAXIMUM PRINCIPAL AMOUNT OF $10,000,000 FOR THE PURPOSE OF (A) FINANCING THE COST OF REFUNDING THE CITY'S OUTSTANDING GROSS RECEIPTS TAX/LODGERS' TAX REFUNDING REVENUE BONDS, SERIES 2009A AND THE CITY'S OUTSTANDING GROSS RECEIPTS TAX REFUNDING REVENUE BOND, SERIES 2009B, AND (B) STUDYING, DESIGNING, DEVELOPING, CONSTRUCTING, RECONSTRUCTING, REHABILITATING, RENOVATING, MODERNIZING, SIGNING, ENHANCING AND OTHERWISE IMPROVING THE CITY'S CONVENTION CENTER AND OTHER TOURIST-RELATED FACI...

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