City of Albuquerque
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File #: R-21-202   
Type: Resolution Status: Enacted
File created: 9/20/2021 In control: City Council
Final action: 10/4/2021
Enactment date: 10/18/2021 Enactment #: R-2021-072
Title: F/S Approving The Petition Of The Regents Of The University Of New Mexico By And Through Lobo Development Corporation, A New Mexico Nonprofit Corporation Formed Under The Research Park And Economic Development Act, And The City Of Albuquerque, New Mexico For Formation Of The South Campus Tax Increment Development District (The "District" Or "TIDD") Pursuant To The Tax Increment For Development Act, Sections 5-15-1 Through 5-15-29, NMSA 1978 And City Council Ordinance, Chapter 4, Article 10; Making Findings In Connection With The Petition And Supporting Documentation Requesting Approval Of The Formation Of The TIDD; Determining The Real Property To Be Included Within The TIDD And The Purposes For Which The TIDD Is Being Formed; Approving The Joint Application, Petition, And Financial Feasibility Study For The TIDD; Ratifying The Tax Increment Development Plan Approved For Consideration In Connection With The Formation Of The TIDD; Dedicating 75% Of The Gross Receipts Tax Increment And 7...
Attachments: 1. R-202, 2. R-202 Approved Floor Substitute.pdf, 3. FS R-202Enacted
Date Action ByActionResultAction Details
10/18/2021 City Clerk Published  Action details
10/15/2021 Mayor Signed by the Mayor  Action details
10/7/2021 City Council Sent to Mayor for Signature  Action details
10/4/2021 City Council Passed as SubstitutedPass Action details
10/4/2021 City Council SubstitutedPass Action details
9/20/2021 City Council Introduced  Action details
9/20/2021 President To be heard at the Council Meeting  Action details
CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL


COUNCIL BILL NO. F/S R-21-202 ENACTMENT NO. ________________________

SPONSORED BY: COUNCILORS BENTON AND DAVIS

RESOLUTION
title
F/S Approving The Petition Of The Regents Of The University Of New Mexico By And Through Lobo Development Corporation, A New Mexico Nonprofit Corporation Formed Under The Research Park And Economic Development Act, And The City Of Albuquerque, New Mexico For Formation Of The South Campus Tax Increment Development District (The "District" Or "TIDD") Pursuant To The Tax Increment For Development Act, Sections 5-15-1 Through 5-15-29, NMSA 1978 And City Council Ordinance, Chapter 4, Article 10; Making Findings In Connection With The Petition And Supporting Documentation Requesting Approval Of The Formation Of The TIDD; Determining The Real Property To Be Included Within The TIDD And The Purposes For Which The TIDD Is Being Formed; Approving The Joint Application, Petition, And Financial Feasibility Study For The TIDD; Ratifying The Tax Increment Development Plan Approved For Consideration In Connection With The Formation Of The TIDD; Dedicating 75% Of The Gross Receipts Tax Increment And 75% Of The Property Tax Increment Generated Within The Boundaries Of The District For The Financing Of Public Improvements For The TIDD, And Related Purposes Under The TIDD Act; Approving Parameters For The Issuance Of Tax Increment Bonds By The TIDD; Providing For Governance Of The TIDD Through The Appointment Of Members Of The Governing Body Of The TIDD; Providing That Tax Increment Bonds Of The TIDD And Other Obligations Of The TIDD Shall Not Be Obligations Of The City Of Albuquerque Or The University Of New Mexico; Ratifying Certain Actions Heretofore Taken; Repealing All Actions Inconsistent With This Resolution (Benton, Davis)
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APPROVING THE PETITION OF THE REGENTS OF THE UNIVERSITY OF NEW MEXICO BY AND THROUGH LOBO DEVELOPMENT CORPORATION, A NEW MEXICO NONPROFIT CORPORATION FORMED UNDER THE R...

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