City of Albuquerque - File #: O-21-57

• File #: O-21-57
• Type: Ordinance
• Status: Enacted
• File created: 4/5/2021
• In control: City Council
• Final action: 5/3/2021
• Enactment date: 5/20/2021
• Enactment #: O-2021-012
• Title: Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project Within The Sycamore Metropolitan Redevelopment Area Consistent With The Terms Of The Sycamore Metropolitan Redevelopment Plan; Approving The Metropolitan Redevelopment Application Entitled "Highlands East"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Sycamore Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Urban Highlands East, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease 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, by request)
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
5/20/2021	City Clerk	Published
5/15/2021	Mayor	Signed by the Mayor
5/10/2021	City Council	Sent to Mayor for Signature
5/3/2021	City Council	Passed	Pass
4/19/2021	City Council	Accepted with a recommendation Do Pass, As Amended
4/12/2021	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Amended	Pass
4/12/2021	Finance & Government Operations Committee	Amended	Pass
4/5/2021	City Council	Introduced and Referred
4/5/2021	President	Referred

CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. O-21-57 ENACTMENT NO. ______________________

SPONSORED BY: Isaac Benton, by request


ORDINANCE
title
Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project Within The Sycamore Metropolitan Redevelopment Area Consistent With The Terms Of The Sycamore Metropolitan Redevelopment Plan; Approving The Metropolitan Redevelopment Application Entitled "Highlands East"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Sycamore Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Urban Highlands East, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease 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, by request)
body
RELATING TO THE REDEVELOPMENT, LEASING AND SALE OF A METROPOLITAN REDEVELOPMENT PROJECT WITHIN THE SYCAMORE METROPOLITAN REDEVELOPMENT AREA CONSISTENT WITH THE TERMS OF THE SYCAMORE METROPOLITAN REDEVELOPMENT PLAN; APPROVING THE METROPOLITAN REDEVELOPMENT APPLICATION ENTITLED "HIGHLANDS EAST"; AUTHORIZING THE ACQUISITION OF LAND AND EXISTING IMPROVEMENTS AND CONSTRUCTION OF A BUILDING WITHIN THE SYCAMORE METROPOLITAN REDEVELOPMENT AREA; AUTHORIZING THE DISPOSITION BY LEASE AND SALE OF THE CITY'S INTEREST IN SUCH PROJECT TO URBAN HIGHLANDS EAST, LLC, ITS SUCCESSORS AND ASSIGNS; AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE 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 (th...