City of Albuquerque
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File #: R-20-51   
Type: Resolution Status: In Council - Consent Agenda
File created: 5/18/2020 In control: City Council
Final action:
Enactment date: Enactment #:
Title: 3 Approving The First Amendment To The Resolution Approving 4 The Formation Of Winrock Town Center Tax Increment 5 Development Districts 1 And 2 (The "Districts"), Pursuant To The 6 Tax Increment For Development Act, Sections 5-15-1 Through 5- 7 15-29 NMSA 1978, As Amended By Senate Bill 566 Of The First 8 Session Of The Fifty Fourth Legislature (Collectively, The "Tidd 9 Act"); Approving The Amended And Restated Development 10 Agreement By And Among The City Of Albuquerque, New Mexico, 11 Winrock Partners, LLC, And The Districts, Pursuant To The Tidd 12 Act; Consenting To The Second Amendment To Tax Increment 13 Development Plan Ratified In Connection With The Formation Of 14 Districts, Pursuant To The Tidd Act; Ratifying Certain Actions 15 Heretofore Taken; And Repealing All Actions Inconsistent With 16 This Resolution (Gibson) 17
Attachments: 1. R-51
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL

COUNCIL BILL NO. R-20-51 ENACTMENT NO.

SPONSORED BY: Diane G. Gibson


1 RESOLUTION
2 title
3 Approving The First Amendment To The Resolution Approving
4 The Formation Of Winrock Town Center Tax Increment
5 Development Districts 1 And 2 (The "Districts"), Pursuant To The
6 Tax Increment For Development Act, Sections 5-15-1 Through 5-
7 15-29 NMSA 1978, As Amended By Senate Bill 566 Of The First
8 Session Of The Fifty Fourth Legislature (Collectively, The "Tidd
9 Act"); Approving The Amended And Restated Development
10 Agreement By And Among The City Of Albuquerque, New Mexico,
11 Winrock Partners, LLC, And The Districts, Pursuant To The Tidd
12 Act; Consenting To The Second Amendment To Tax Increment
13 Development Plan Ratified In Connection With The Formation Of
14 Districts, Pursuant To The Tidd Act; Ratifying Certain Actions
15 Heretofore Taken; And Repealing All Actions Inconsistent With
16 This Resolution (Gibson)
17 body
18 WHEREAS, on October 6, 2008, the City of Albuquerque, New Mexico (the
19 "City") adopted Resolution Enactment No. R-2008-120 (the "Formation
20 Resolution"), approving the formation of Winrock Town Center Tax Increment
21 Development Districts 1 and 2 (the "Districts") and ratifying and approving
22 that in accordance with the Tax Increment for Development Act, NMSA 1978,
23 ?? 5-15-1 to -29, as amended (the "TIDD Act"); and
24 WHEREAS, the Formation Resolution ratifies and approves that certain Tax
25 Increment Development Plan (the "TIDD Plan") relating to the development of
26 the Districts pursuant to the TIDD Act; and
27 WHEREAS, on January 5, 2009, the City adopted Resolution Enactment No.
28 R-2009-005 approving a form of Master Development Agreement for

1 Implementation of the Winrock Town Center Tax Increment Development
2 Districts 1 and 2, among the City, Winrock Partners, LLC, a Delaware limited
3 liability comp...

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