City of Albuquerque
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File #: O-21-79   
Type: Ordinance Status: In Council - Reported from Committee
File created: 11/3/2021 In control: Finance & Government Operations Committee
Final action:
Enactment date: Enactment #:
Title: 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)
Attachments: 1. O-79
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. O-21-79 ENACTMENT NO. ________________________

SPONSORED BY: Don Harris


ORDINANCE
title
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)
body
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 [Trust Acquisition and Capital Improvements] Fund and Land Administration Ordinance."
? 4-2-3-2 OPEN SPACE [TRUST ACQUISITION AND CAPITAL IMPROVEMENTS] FUND.
All balances in the Permanent Fund created by Resolution No. 41-1982, as amended by Resolution No. 73-1986, [are hereby perpetuated in ?? 4-2-3-1 et seq., but the fund shall now be called the 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 [Trust Acquisition and Capital Improvements] Fund."
? 4-2-3-3 SOURCE OF OPEN SPACE [TRUST ACQUISITION AND CAPITAL IMPROVEMENTS] 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, leases, or exchanges of Open Space Exchange Lands will be placed in the Open Space [Trust Acquisition and Capital Improvements] Fund [perpetuated by ?? 4...

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