City of Albuquerque
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File #: O-20-20   
Type: Ordinance Status: Enacted
File created: 6/1/2020 In control: City Council
Final action: 6/15/2020
Enactment date: 6/30/2020 Enactment #: O-2020-021
Title: Approving A Project Involving OBTC Warehouse, LLC Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, As Amended, The City's Implementing Legislation For That Act, To Support The Operations Of OBTC Warehouse, LLC., A Business Operating In Albuquerque, New Mexico; Authorizing The Execution Of A Project Participation Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
Attachments: 1. O-20, 2. O-20final
Date Action ByActionResultAction Details
6/30/2020 City Clerk Published  Action details
6/26/2020 Mayor Signed by the Mayor  Action details
6/19/2020 City Council Sent to Mayor for Signature  Action details
6/15/2020 City Council PassedPass Action details
6/1/2020 City Council Introduced  Action details
6/1/2020 President To be heard at the Council Meeting  Action details
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL



COUNCIL BILL NO. O-20-20 ENACTMENT NO. ______________________

SPONSORED BY: Brook Bassan, by request



ORDINANCE
title
Approving A Project Involving OBTC Warehouse, LLC Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, As Amended, The City's Implementing Legislation For That Act, To Support The Operations Of OBTC Warehouse, LLC., A Business Operating In Albuquerque, New Mexico; Authorizing The Execution Of A Project Participation Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
body
APPROVING A PROJECT INVOLVING OBTC WAREHOUSE, LLC PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, AS AMENDED, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE OPERATIONS OF OBTC WAREHOUSE, LLC., A BUSINESS OPERATING IN ALBUQUERQUE, NEW MEXICO; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT INCLUDING THE APPROPRIATION OF FUNDS; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
WHEREAS, the City of Albuquerque (the "City") is a legally and regularly created, established, organized, and existing municipal corporation of the State of New Mexico (the "State"); and
WHEREAS, the City provides public support of economic development projects to foster, promote and enhance local economic development efforts within the City pursuant to the Local Economic Development Act, Sections 5-10-1 through 5-10-13 NMSA 1978, as amended (the "Act"), and the City's Local Economic Development Act Plan adopted pursuant to Ordinance No. ...

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