CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL
COUNCIL BILL NO. O-21-79 ENACTMENT NO. ________________________
SPONSORED BY: Don Harris
ORDINANCE
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Amending The Open Space Trust Fund And Land Administration Ordinance To Authorize The Use Of The Fund For Open Space Acquisitions; Amending A Relevant Cross Reference Within The Open Space Advisory Board Ordinance; And Amending Section 2-12-1, Capital Improvements Program Intent And Scope, To Make Permanent The Two Percent CIP Set Aside For Open Space Acquisitions (Harris)
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AMENDING THE OPEN SPACE TRUST FUND AND LAND ADMINISTRATION ORDINANCE TO AUTHORIZE THE USE OF THE FUND FOR OPEN SPACE ACQUISITIONS; AMENDING A RELEVANT CROSS REFERENCE WITHIN THE OPEN SPACE ADVISORY BOARD ORDINANCE; AND AMENDING SECTION 2-12-1, CAPITAL IMPROVEMENTS PROGRAM INTENT AND SCOPE, TO MAKE PERMANENT THE TWO PERCENT CIP SET ASIDE FOR OPEN SPACE ACQUISITIONS.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. The Open Space Trust Fund and Land Administration Ordinance is hereby amended as follows:
"? 4-2-3-1 SHORT TITLE.
Sections 4-2-3-1 et seq. shall be known and may be cited as the "Open Space Acquisition Fund and Land Administration Ordinance."
? 4-2-3-2 OPEN SPACE ACQUISITION FUND.
All balances in the Permanent Fund created by Resolution No. 41-1982, as amended by Resolution No. 73-1986, together with all funds subsequently added thereto from any source, including but not limited to grants, donations, appropriations, interest earnings, and proceeds from land sales constitute the "Open Space Acquisition Fund."
? 4-2-3-3 SOURCE OF OPEN SPACE ACQUISITION FUND MONEY.
(A) Some land within the Elena Gallegos Grant acquired by the city was traded by the city to the United States for inclusion in the Cibola National Forest and the lands acquired in exchange (the "Open Space Exchange Lands") shall be sold, leased, or exchanged. The cash proceeds from any sales, le...
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