City of Albuquerque
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File #: R-21-206   
Type: Resolution Status: Adopted
File created: 10/4/2021 In control: City Council
Final action: 10/18/2021
Enactment date: Enactment #:
Title: Making Findings In Connection With The Trails Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Refunding Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Trails Public Improvement District Special Levy Refunding Revenue Bonds, Series 2021, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution No. R-07-13 Enactment No. R-2008-019 (Borrego, by request)
Attachments: 1. R-206, 2. R-206final
CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL

COUNCIL BILL NO. _ R-21-206 ENACTMENT NO. _______________________

SPONSORED BY: Cynthia D. Borrego, by request

RESOLUTION
title
Making Findings In Connection With The Trails Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Refunding Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Trails Public Improvement District Special Levy Refunding Revenue Bonds, Series 2021, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution No. R-07-13 Enactment No. R-2008-019 (Borrego, by request)
body
MAKING FINDINGS IN CONNECTION WITH THE TRAILS PUBLIC IMPROVEMENT DISTRICT'S RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF SPECIAL LEVY REFUNDING REVENUE BONDS; RATIFYING AND APPROVING THE ISSUANCE AND SALE OF THE TRAILS PUBLIC IMPROVEMENT DISTRICT SPECIAL LEVY REFUNDING REVENUE BONDS, SERIES 2021, AS SUBSTANTIALLY CONSISTENT WITH THE REQUIREMENTS OF CITY ORDINANCE ENACTMENT NO. 0-2003-12 AND CITY COUNCIL RESOLUTION NO. R-07-13 ENACTMENT NO. R-2008-019.
Capitalized terms in the following preambles shall have the meanings assigned in City Council Resolution No. R-07-13 Enactment No. R-2008-019 on February 4, 2008 (the "Formation Resolution") except as otherwise defined in this Resolution, or unless the context clearly requires otherwise.
WHEREAS, pursuant to the Act and Ordinance Enactment No. O-2003-12 (the "PID Ordinance"), the Council enacted the Formation Resolution, in which the Council approved the formation of The Trails Public Improvement District for the purpose of financing public infrastructure improvements; and
WHEREAS, pursuant to the Formation Resolution, the Council approved the Development Agreement between the Petitioner, the City and The Trails Public Improvement District, by which the District financed various Infrastructure Improvements to serve ap...

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