City of Albuquerque - File #: O-21-62

• File #: O-21-62
• Type: Ordinance
• Status: Enacted
• File created: 5/17/2021
• In control: City Council
• Final action: 6/7/2021
• Enactment date: 6/15/2021
• Enactment #: O-2021-014
• Title: F/S Approving A Project Involving Affordable Solar Installation, Inc. 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 Acquisition, Renovation, Development And Improvement Of A Facility For A Renewable Energy Production And Storage Technology Research And Development Company 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 Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
• Sponsors: Brook Bassan (By Request)

Date	Action By	Action	Result
6/15/2021	City Clerk	Published
6/14/2021	Mayor	Signed by the Mayor
6/11/2021	City Council	Sent to Mayor for Signature
6/7/2021	City Council	Passed as Substituted	Pass
6/7/2021	City Council	Substituted	Pass
5/17/2021	City Council	Introduced
5/17/2021	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL



COUNCIL BILL NO. F/S O-21-62____ ENACTMENT NO. ________________________

SPONSORED BY: Bassan, by request



ORDINANCE
title
F/S Approving A Project Involving Affordable Solar Installation, Inc. 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 Acquisition, Renovation, Development And Improvement Of A Facility For A Renewable Energy Production And Storage Technology Research And Development Company 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 Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
body
APPROVING A PROJECT INVOLVING AFFORDABLE SOLAR INSTALLATION, INC. 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 ACQUISITION, RENOVATION, DEVELOPMENT AND IMPROVEMENT OF A FACILITY FOR A RENEWABLE ENERGY PRODUCTION AND STORAGE TECHNOLOGY RESEARCH AND DEVELOPMENT COMPANY 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 INCLUDING THE APPROPRIATION OF FUNDS; 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 ...