City of Albuquerque - File #: O-22-12

• File #: O-22-12
• Type: Ordinance
• Status: Enacted
• File created: 3/7/2022
• In control: City Council
• Final action: 3/21/2022
• Enactment date: 4/8/2022
• Enactment #: O-2022-013
• Title: Approving A Project Involving Pajarito Powder, LLC Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Leasing, Renovation And Improvement Costs For A Renewable Energy Technology Company And Catalyst Manufacturing Facility Located In Albuquerque, New Mexico; Authorizing The Execution Of A Project Participation Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
• Sponsors: Brook Bassan (By Request)

Date	Action By	Action	Result
4/8/2022	City Clerk	Published
4/4/2022	Mayor	Signed by the Mayor
3/28/2022	City Council	Sent to Mayor for Signature
3/21/2022	City Council	Accepted with a Recommendation Do Pass (Immediate Action)
3/21/2022	City Council	Passed	Pass
3/14/2022	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
3/14/2022	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
3/7/2022	City Council	Introduced and Referred
3/7/2022	President	Referred

CITY of ALBUQUERQUE
TWENTY-FIFTH COUNCIL



COUNCIL BILL NO. O-22-12 ____ ENACTMENT NO. ________________________

SPONSORED BY: Brook Bassan, by request



ORDINANCE
title
Approving A Project Involving Pajarito Powder, LLC Pursuant To The Local Economic Development Act And City Ordinance F/S O-04-10, The City's Implementing Legislation For That Act, To Support The Leasing, Renovation And Improvement Costs For A Renewable Energy Technology Company And Catalyst Manufacturing Facility Located In Albuquerque, New Mexico; Authorizing The Execution Of A Project Participation Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project Including The Appropriation Of Funds; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan, by request)
body
APPROVING A PROJECT INVOLVING PAJARITO POWDER, LLC PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE LEASING, RENOVATION AND IMPROVEMENT COSTS FOR A RENEWABLE ENERGY TECHNOLOGY COMPANY AND CATALYST MANUFACTURING FACILITY LOCATED IN ALBUQUERQUE, NEW MEXICO; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT INCLUDING THE APPROPRIATION OF FUNDS; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
WHEREAS, the City of Albuquerque (the "City") is a legally and regularly created, established, organized, and existing municipal corporation of the State of New Mexico (the "State"); and
WHEREAS, pursuant to Sections 5-10-1 through 5-10-13 NMSA 1978, as amended (the "Act"), the City is authorized to provide economic development assistance to eligible entities for certain projects located within the corporate limits of the munic...