City of Albuquerque
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File #: R-21-215   
Type: Resolution Status: In Council - Final Action
File created: 11/15/2021 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Making Findings In Connection With The Resolution Of Winrock Town Center Tax Increment Development District 1 Authorizing The Issuance And Sale Of Senior Lien Tax Increment Bonds; And Ratifying And Approving The Issuance And Sale Of The Winrock Town Center Tax Increment Development District 1 Senior Lien Gross Receipts Tax Increment Bonds, Series 2021, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. O-2006-036 And City Council Resolution No. R-2008-126, Enactment No. R 2008-120 (Gibson, by request)
Attachments: 1. R-215
CITY OF ALBUQUERQUE
TWENTY-FOURTH COUNCIL


COUNCIL BILL NO. ___ R-21-215______ ENACTMENT NO. ________________

SPONSORED BY: Diane Gibson, by request


RESOLUTION
title
Making Findings In Connection With The Resolution Of Winrock Town Center Tax Increment Development District 1 Authorizing The Issuance And Sale Of Senior Lien Tax Increment Bonds; And Ratifying And Approving The Issuance And Sale Of The Winrock Town Center Tax Increment Development District 1 Senior Lien Gross Receipts Tax Increment Bonds, Series 2021, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. O-2006-036 And City Council Resolution No. R-2008-126, Enactment No. R 2008-120 (Gibson, by request)
body
Capitalized terms in the following preambles shall have the meanings assigned in City Council Resolution No. R-2008-126, Enactment No. R-2008-120 (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-2006-036 (the "TIDD Ordinance"), the Council enacted the Formation Resolution, in which the Council approved the formation of the Winrock Town Center Tax Increment Development District 1 ("District 1") and District 2 ("District 2" and together with District 1, the "Districts") for the purpose of financing public infrastructure improvements; and
WHEREAS, pursuant to City Council Resolution No. R-08-177, Enactment No. R-2008-117, the Council approved the Development Agreement between Winrock Partners LLC (the "Developer"), the City and the Districts, and further amended the Development Agreement pursuant to City Council Resolution No. R-15-170, Enactment No. R-2015-027, by which the Developer will construct the TIDD Infrastructure Improvements to serve approximately 83 acres of land, located wholly within the corporate boundaries of the City; and
WHEREAS, Chapter 58, Laws of New Mexico 20...

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