City of Albuquerque
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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...
Attachments: 1. O-31, 2. O-31 Approved Floor Substitute.pdf, 3. FS O-31Enacted
Date Action ByActionResultAction Details
9/17/2020 City Clerk Published  Action details
9/17/2020 City Council Sent to Mayor for Signature  Action details
9/16/2020 Mayor Signed by the Mayor  Action details
9/9/2020 City Council Accepted with a Recommendation Do Pass (Immediate Action)  Action details
9/9/2020 City Council Passed as SubstitutedPass Action details
9/9/2020 City Council SubstitutedPass Action details
8/24/2020 Finance & Government Operations Committee Sent to Council for Immediate ActionPass Action details
8/24/2020 Finance & Government Operations Committee Sent to Council with a recommendation of Do PassPass Action details
8/17/2020 City Council Introduced and Referred  Action details
8/17/2020 President Referred  Action details
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)
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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...

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