City of Albuquerque
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File #: O-21-65   
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-2021-017
Title: F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (El Encanto, Inc. Project), Tax-Exempt Series 2021 In The Maximum Principal Amount Of $10,000,000 To Provide Funds To Finance The Construction And Equipping Of A Manufacturing Facility; Authorizing The Execution And Delivery Of An Indenture, Lease Agreement, Bond, Tax Regulatory Agreement And Other Documents In Connection With The Issuance Of The Bond And The Project; Making Certain Determinations And Findings Relating To The Bond And The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Benton, by request)
Attachments: 1. O-65, 2. O-65 Approved Floor Substitute.pdf, 3. O-65FSfinal
Date Action ByActionResultAction Details
6/15/2021 City Clerk Published  Action details
6/14/2021 Mayor Signed by the Mayor  Action details
6/11/2021 City Council Sent to Mayor for Signature  Action details
6/7/2021 City Council Passed as SubstitutedPass Action details
6/7/2021 City Council SubstitutedPass Action details
5/17/2021 City Council Introduced  Action details
5/17/2021 President To be heard at the Council Meeting  Action details
CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL


COUNCIL BILL NO. F/S O-21-65 ENACTMENT NO. ________________________

SPONSORED BY: Benton, by request


ORDINANCE
title
F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (El Encanto, Inc. Project), Tax-Exempt Series 2021 In The Maximum Principal Amount Of $10,000,000 To Provide Funds To Finance The Construction And Equipping Of A Manufacturing Facility; Authorizing The Execution And Delivery Of An Indenture, Lease Agreement, Bond, Tax Regulatory Agreement And Other Documents In Connection With The Issuance Of The Bond And The Project; Making Certain Determinations And Findings Relating To The Bond And The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Benton, by request)
body
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO INDUSTRIAL REVENUE BOND (EL ENCANTO, INC. PROJECT), TAX-EXEMPT SERIES 2021 IN THE MAXIMUM PRINCIPAL AMOUNT OF $10,000,000 TO PROVIDE FUNDS TO FINANCE THE CONSTRUCTION AND EQUIPPING OF A MANUFACTURING FACILITY; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND, TAX REGULATORY AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE BOND AND THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE BOND AND 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 3-32-1 through 3-32-16, New Mexico Statutes Annotated, 1978 Compilation, as amended (the "Act"), the City is authorized to acquire industrial revenue projects located within the corporate limits of the City for the purpose of promoting industry and...

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