City of Albuquerque - File #: O-21-56

• File #: O-21-56
• Type: Ordinance
• Status: Enacted
• File created: 4/5/2021
• In control: City Council
• Final action: 4/19/2021
• Enactment date: 5/10/2021
• Enactment #: O-2021-008
• Title: Approving A Project Involving El Encanto, Inc., D/B/A Bueno Foods, Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Construction And Improvement Of A Freezer Warehouse For A Food Production Company Located 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; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Benton)
• Sponsors: Isaac Benton

Date	Action By	Action	Result
5/10/2021	City Clerk	Published
4/27/2021	Mayor	Signed by the Mayor
4/23/2021	City Council	Sent to Mayor for Signature
4/19/2021	City Council	Passed	Pass
4/5/2021	City Council	Introduced
4/5/2021	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL



COUNCIL BILL NO. O-21-56 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton


ORDINANCE
title
Approving A Project Involving El Encanto, Inc., D/B/A Bueno Foods, Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Construction And Improvement Of A Freezer Warehouse For A Food Production Company Located 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; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Benton)
body
APPROVING A PROJECT INVOLVING EL ENCANTO, INC., D/B/A BUENO FOODS, PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE CONSTRUCTION AND IMPROVEMENT OF A FREEZER WAREHOUSE FOR A FOOD PRODUCTION COMPANY LOCATED 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; 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, pursuant to Sections 5-10-1 through 5-10-13 NMSA 1978, as amended (the "Act"), the City is authorized to provide economic development assistance to eligible entities for certain projects located within the corporate limits of the municipality; and
WHEREAS, pursuant to the Act, the City has adopted Ordinance No. F/S 04-10 (the "LEDA Ordinance"), approving an economic dev...