City of Albuquerque - File #: R-19-212

• File #: R-19-212
• Type: Resolution
• Status: Enacted
• File created: 12/2/2019
• In control: City Council
• Final action: 12/16/2019
• Enactment date: 1/22/2020
• Enactment #: R-2020-003
• Title: A Resolution Relating To The Proposed Relationship Between The City Of Albuquerque's Departments Of Economic Development And Aviation And The New Mexico Small Business Investment Corporation For The Purpose Of Promoting Economic Development At The Albuquerque International Sunport's Aviation Center For Excellence (ACE) Business Park; Declaring The Intent Of The City Of Albuquerque To Consider For Adoption An Ordinance Authorizing The Pledge Of Certain Aviation Department Revenues Previously Appropriated For Local Economic Development Purposes To Leverage A Revolving Loan Program With The New Mexico Small Business Investment Corporation For The Benefit Of Eligible Private Entities Seeking To Locate At The Albuquerque International Sunport's ACE Business Park (Davis, by request)

Date	Action By	Action	Result
1/22/2020	City Clerk	Published
1/10/2020	Mayor	Signed by the Mayor
12/31/2019	City Council	Sent to Mayor for Signature
12/16/2019	City Council	Passed	Pass
12/2/2019	City Council	Introduced
12/2/2019	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. R-19-212 ENACTMENT NO. _____________________

SPONSORED BY: Pat Davis, by request


RESOLUTION
title
A Resolution Relating To The Proposed Relationship Between The City Of Albuquerque's Departments Of Economic Development And Aviation And The New Mexico Small Business Investment Corporation For The Purpose Of Promoting Economic Development At The Albuquerque International Sunport's Aviation Center For Excellence (ACE) Business Park; Declaring The Intent Of The City Of Albuquerque To Consider For Adoption An Ordinance Authorizing The Pledge Of Certain Aviation Department Revenues Previously Appropriated For Local Economic Development Purposes To Leverage A Revolving Loan Program With The New Mexico Small Business Investment Corporation For The Benefit Of Eligible Private Entities Seeking To Locate At The Albuquerque International Sunport's ACE Business Park (Davis, by request)
body
A RESOLUTION RELATING TO THE PROPOSED RELATIONSHIP BETWEEN THE CITY OF ALBUQUERQUE'S DEPARTMENTS OF ECONOMIC DEVELOPMENT AND AVIATION AND THE NEW MEXICO SMALL BUSINESS INVESTMENT CORPORATION FOR THE PURPOSE OF PROMOTING ECONOMIC DEVELOPMENT AT THE ALBUQUERQUE INTERNATIONAL SUNPORT'S AVIATION CENTER FOR EXCELLENCE (ACE) BUSINESS PARK; DECLARING THE INTENT OF THE CITY OF ALBUQUERQUE TO CONSIDER FOR ADOPTION AN ORDINANCE AUTHORIZING THE PLEDGE OF CERTAIN AVIATION DEPARTMENT REVENUES PREVIOUSLY APPROPRIATED FOR LOCAL ECONOMIC DEVELOPMENT PURPOSES TO LEVERAGE A REVOLVING LOAN PROGRAM WITH THE NEW MEXICO SMALL BUSINESS INVESTMENT CORPORATION FOR THE BENEFIT OF ELIGIBLE PRIVATE ENTITIES SEEKING TO LOCATE AT THE ALBUQUERQUE INTERNATIONAL SUNPORT'S ACE BUSINESS PARK.
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 ...