City of Albuquerque
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File #: R-20-37   
Type: Resolution Status: Adopted
File created: 4/20/2020 In control: City Council
Final action: 5/4/2020
Enactment date: Enactment #:
Title: Approving The First Amendment To The Resolution Approving The Formation Of Mesa Del Sol Tax Increment Development Districts 1 Through 5 (The "Districts"), Pursuant To The Tax Increment For Development Act, Sections 5-15-1 Through 5-15-29 NMSA 1978, As Amended By Senate Bill 566 Of The First Session Of The Fifty Fourth Legislature (Collectively, The "TIDD Act"); Approving The First Amendment To The Resolution Dedicating Certain Gross Receipts Tax Increment Revenue And Property Tax Increment Revenue For The Financing Of Public Infrastructure For The Districts Pursuant To The TIDD Act; Approving The Second Amendment To Master Development Agreement By And Among The City Of Albuquerque, New Mexico, MDS Investments, LLC, As Successor In Interest To Mesa Del Sol, LLC, And The Districts, Pursuant To The TIDD Act; Consenting To The First Amendment To Tax Increment Development Plan Ratified In Connection With The Formation Of Districts, Pursuant To The TIDD Act; Ratifying Certain Actions Heretof...
Attachments: 1. R-37.pdf, 2. R-37final
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. R-20-37 ENACTMENT NO. ________________________

SPONSORED BY: Pat Davis


RESOLUTION
title
Approving The First Amendment To The Resolution Approving The Formation Of Mesa Del Sol Tax Increment Development Districts 1 Through 5 (The "Districts"), Pursuant To The Tax Increment For Development Act, Sections 5-15-1 Through 5-15-29 NMSA 1978, As Amended By Senate Bill 566 Of The First Session Of The Fifty Fourth Legislature (Collectively, The "TIDD Act"); Approving The First Amendment To The Resolution Dedicating Certain Gross Receipts Tax Increment Revenue And Property Tax Increment Revenue For The Financing Of Public Infrastructure For The Districts Pursuant To The TIDD Act; Approving The Second Amendment To Master Development Agreement By And Among The City Of Albuquerque, New Mexico, MDS Investments, LLC, As Successor In Interest To Mesa Del Sol, LLC, And The Districts, Pursuant To The TIDD Act; Consenting To The First Amendment To Tax Increment Development Plan Ratified In Connection With The Formation Of Districts, Pursuant To The TIDD Act; Ratifying Certain Actions Heretofore Taken; And Repealing All Actions Inconsistent With This Resolution (Davis)
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APPROVING THE FIRST AMENDMENT TO THE RESOLUTION APPROVING THE FORMATION OF MESA DEL SOL TAX INCREMENT DEVELOPMENT DISTRICTS 1 THROUGH 5 (THE "DISTRICTS"), PURSUANT TO THE TAX INCREMENT FOR DEVELOPMENT ACT, SECTIONS 5-15-1 THROUGH 5-15-29 NMSA 1978, AS AMENDED BY SENATE BILL 566 OF THE FIRST SESSION OF THE FIFTY FOURTH LEGISLATURE (COLLECTIVELY, THE "TIDD ACT"); APPROVING THE FIRST AMENDMENT TO THE RESOLUTION DEDICATING CERTAIN GROSS RECEIPTS TAX INCREMENT REVENUE AND PROPERTY TAX INCREMENT REVENUE FOR THE FINANCING OF PUBLIC INFRASTRUCTURE FOR THE DISTRICTS PURSUANT TO THE TIDD ACT; APPROVING THE SECOND AMENDMENT TO MASTER DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF ALBUQUERQUE, NEW MEXICO, MDS INVESTMENTS, LLC, AS SUCCESSOR ...

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