City of Albuquerque - File #: O-20-2

• File #: O-20-2
• Type: Ordinance
• Status: Enacted
• File created: 2/3/2020
• In control: City Council
• Final action: 3/2/2020
• Enactment date: 3/12/2020
• Enactment #: O-2020-009
• Title: F/S 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 "1716 Central Avenue, LLC Metropolitan Redevelopment Bond Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Historic Central Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To 1716 Central Avenue, LLC, Its Successors And Assigns; Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Metropolitan Redevelopment Revenue Bonds (The Franz Project), Series 2020 In The Maximum Principal Amount Of $10,000,000 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,...
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
3/12/2020	City Clerk	Published
3/11/2020	Mayor	Signed by the Mayor
3/6/2020	City Council	Sent to Mayor for Signature
3/2/2020	City Council	Passed as Substituted	Pass
3/2/2020	City Council	Substituted	Pass
2/19/2020	City Council	Accepted with a Recommendation Do Pass
2/10/2020	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
2/3/2020	City Council	Introduced and Referred
2/3/2020	President	Referred

ORDINANCE
title
F/S 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 "1716 Central Avenue, LLC Metropolitan Redevelopment Bond Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Historic Central Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To 1716 Central Avenue, LLC, Its Successors And Assigns; Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Metropolitan Redevelopment Revenue Bonds (The Franz Project), Series 2020 In The Maximum Principal Amount Of $10,000,000 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 With The Issuance Of The Bonds And The Project; Making Certain Determinations And Findings Relating To The Bonds And The Project (Benton, 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 "1716 CENTRAL AVENUE, LLC METROPOLITAN REDEVELOPMENT BOND APPLICATION"; AUTHORIZING THE ACQUISITION OF LAND AND EXISTING IMPROVEMENTS AND CONSTRUCTION OF A BUILDING WITHIN THE HISTORIC CENTRAL METROPOLITAN REDEVELOPMENT AREA; AUTHORIZING THE DISPOSITION BY LEASE AND SALE OF THE CITY'S INTEREST IN SUCH PROJECT TO 1716 CENTRAL AVENUE, LLC, ITS SUCCESSORS AND ASSIGNS; AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO METROPOLITAN REDEVELOPMENT REVENUE BONDS (THE FRANZ PROJECT), SERIES 2020 IN THE MAXIMUM...