City of Albuquerque - File #: O-21-65

• 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)
• Sponsors: Isaac Benton (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-21-65 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...