City of Albuquerque
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File #: O-20-2   
Type: Ordinance Status: In Council - Final Action
File created: 2/3/2020 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project And The Issuance Of Metropolitan Redevelopment Revenue Bonds; 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; 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 (Benton, by request)
Attachments: 1. O-2
Date Action ByActionResultAction Details
2/19/2020 City Council Accepted with a Recommendation Do Pass  Action details
2/10/2020 Finance & Government Operations Committee Sent to Council with a recommendation of Do PassPass Action details
2/3/2020 City Council Introduced and Referred  Action details
2/3/2020 President Referred  Action details
ORDINANCE
title
Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project And The Issuance Of Metropolitan Redevelopment Revenue Bonds; 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; 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 (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 Therefore; 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 Ot...

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