City of Albuquerque
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File #: R-20-47   
Type: Resolution Status: In Council - Final Action
File created: 5/4/2020 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Appropriating Funds To Implement Third Phase Of The Transportation Infrastructure Tax, And Amending The Capital Implementation Program Of The City Of Albuquerque By Approving New Projects (Benton, by request)
Attachments: 1. R-47
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. R-20-47 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton, by request


RESOLUTION
title
Appropriating Funds To Implement Third Phase Of The Transportation Infrastructure Tax, And Amending The Capital Implementation Program Of The City Of Albuquerque By Approving New Projects (Benton, by request)
body
WHEREAS, the City Council agreed on an excise tax equal to one quarter of one percent gross receipts be used for transportation infrastructure improvements and mandated an election for voter approval, Enactment 052-2019; and
WHEREAS, an election was held on November 5, 2019 when City residents voted, in favor of the imposition of the Infrastructure Tax; and
WHEREAS, the City Council had previously approved the creation of a Transportation Infrastructure Quarter Percent Gross Receipts Tax Fund; and
WHEREAS, it is appropriate that the projects funded by the Transportation Infrastructure Tax be integrated into the Capital Implementation Program; and
WHEREAS, in accordance with Council guidelines, specified percentages of these tax revenues will be dedicated to projects in each of the following CIP programs in the Transportation Infrastructure Tax Fund: Road Infrastructure Improvements, Trails and Bikeways, and Transit; and
WHEREAS, the City of Albuquerque will begin receiving revenues from this tax after July 2020 and believes it prudent to appropriate funds to implement the necessary preparations so as to begin infrastructure project construction in a timely manner.
BE IT RESOLVED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. That the appropriations for the following projects are hereby approved for the Transportation Infrastructure Fund 342.
Increase
Department Source (Decrease)
DMD
Road Infrastructure Improvements Transportation Infra. Tax $18,810,000
Trails and Bikeways Transportatio...

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