City of Albuquerque
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File #: R-20-82   
Type: Resolution Status: In Council - Consent Agenda
File created: 8/3/2020 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Making Findings In Connection With The Juan Tabo Hills Estates Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Juan Tabo Hills Estates Public Improvement District Special Levy Revenue Bonds, Series 2020, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution Enactment No. R-2017-098 (Harris)
Attachments: 1. R-82.pdf
CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL

COUNCIL BILL NO. R-20-82 ENACTMENT NO. _______________________

SPONSORED BY: Don Harris

RESOLUTION
title
Making Findings In Connection With The Juan Tabo Hills Estates Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Juan Tabo Hills Estates Public Improvement District Special Levy Revenue Bonds, Series 2020, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution Enactment No. R-2017-098 (Harris)
body
Capitalized terms in the following preambles shall have the meanings assigned in City Council Resolution Enactment No. R-2017-098 adopted on October 16, 2017 (the "Formation Resolution") except as otherwise defined in this Resolution, or unless the context clearly requires otherwise.
WHEREAS, pursuant to the Act and Ordinance Enactment No. O-2003-12 (the "PID Ordinance"), the Council enacted the Formation Resolution, in which the Council approved the formation of the Juan Tabo Hills Estates Public Improvement District for the purpose of financing public infrastructure improvements; and
WHEREAS, pursuant to the Formation Resolution, the Council approved the Development Agreement between the Petitioner, the City and the Juan Tabo Hills Estates Public Improvement District, by which the District has undertaken to finance various Infrastructure Improvements to serve approximately 85 gross acres located wholly within the corporate boundaries of the City (the "Land"), which is an authorized purpose and appropriate use of a public improvement district as set forth in the Act and the PID Ordinance; and
WHEREAS, pursuant to the Formation Resolution, the City approved: (i) the Development Agreement; (ii) the General Plan; (iii) the Feasibility Study; (iv) the Rate and Method; and (v) a form of Notice of S...

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