City of Albuquerque - File #: O-20-31

• File #: O-20-31
• Type: Ordinance
• Status: Enacted
• File created: 8/17/2020
• In control: City Council
• Final action: 9/9/2020
• Enactment date: 9/17/2020
• Enactment #: O-2020-029
• Title: F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Transportation Infrastructure Gross Receipts Tax Improvement Revenue Bonds, Series 2020 In An Aggregate Principal Amount Not To Exceed $50,000,000 For The Purpose Of (1) Financing The Cost Of Designing, Developing, Constructing, Reconstructing, Rehabilitating, Renovating, Modernizing, Signing, Enhancing And Otherwise Improving Transportation Systems, Including Road Infrastructure Improvements, Trails And Bikeways And Transit, For The Benefit Of The City (2) Funding The Capitalized Interest Fund, And (3) Paying Expenses Related To Issuance Of The Bonds; Providing For The Payment Of The Series 2020 Bonds From The Revenues Of A Municipal Gross Receipts Tax Imposed At A Rate Of 0.25% Pursuant To City Ordinance No. O-20-14 Enactment No. O-2020-016 Adopted On May 18, 2020; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2020 Bonds Pursuant To The Supplemental Pub...
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
9/17/2020	City Clerk	Published
9/17/2020	City Council	Sent to Mayor for Signature
9/16/2020	Mayor	Signed by the Mayor
9/9/2020	City Council	Accepted with a Recommendation Do Pass (Immediate Action)
9/9/2020	City Council	Passed as Substituted	Pass
9/9/2020	City Council	Substituted	Pass
8/24/2020	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
8/24/2020	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
8/17/2020	City Council	Introduced and Referred
8/17/2020	President	Referred

CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL


COUNCIL BILL NO. F/S O-20-31 ENACTMENT NO. ________________________
SPONSORED BY: COUNCILOR BENTON

ORDINANCE
title
F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Transportation Infrastructure Gross Receipts Tax Improvement Revenue Bonds, Series 2020 In An Aggregate Principal Amount Not To Exceed $50,000,000 For The Purpose Of (1) Financing The Cost Of Designing, Developing, Constructing, Reconstructing, Rehabilitating, Renovating, Modernizing, Signing, Enhancing And Otherwise Improving Transportation Systems, Including Road Infrastructure Improvements, Trails And Bikeways And Transit, For The Benefit Of The City (2) Funding The Capitalized Interest Fund, And (3) Paying Expenses Related To Issuance Of The Bonds; Providing For The Payment Of The Series 2020 Bonds From The Revenues Of A Municipal Gross Receipts Tax Imposed At A Rate Of 0.25% Pursuant To City Ordinance No. O-20-14 Enactment No. O-2020-016 Adopted On May 18, 2020; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2020 Bonds Pursuant To The Supplemental Public Securities Act; Providing For The Terms And Other Details Concerning The Series 2020 Bonds (Benton, by request)
body
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TRANSPORTATION INFRASTRUCTURE GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2020 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $50,000,000 FOR THE PURPOSE OF (1) FINANCING THE COST OF DESIGNING, DEVELOPING, CONSTRUCTING, RECONSTRUCTING, REHABILITATING, RENOVATING, MODERNIZING, SIGNING, ENHANCING AND OTHERWISE IMPROVING TRANSPORTATION SYSTEMS, INCLUDING ROAD INFRASTRUCTURE IMPROVEMENTS, TRAILS AND BIKEWAYS AND TRANSIT, FOR THE BENEFIT OF THE CITY (2) FUNDING THE CAPITALIZED INTEREST FUND, AND (3) PAYING EXPENSES RELATED TO ISSUANCE OF THE BONDS; PROVIDING FOR THE PAYMENT OF THE SERIES 2020 BONDS FROM THE REVENUES OF A MUNICIP...