City of Albuquerque
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File #: O-22-29   
Type: Ordinance Status: In Council - Final Action
File created: 6/6/2022 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (Able Grid Project), Series 2022 In The Maximum Principal Amount Of $95,000,000 To Provide Funds To Finance The Acquisition, Renovation, Development, Improvement And Equipping Of A Facility For A Renewable Energy Storage Company; Authorizing The Execution And Delivery Of An Indenture, Lease Agreement, Bond Purchase Agreement, Bond, And Other Documents In Connection With The Issuance Of The Bond And The Project; Making Certain Determinations And Findings Relating To The Bond And The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan by request)
Attachments: 1. O-29
CITY of ALBUQUERQUE
TWENTY-FIFTH COUNCIL

COUNCIL BILL NO. O-22-29 ENACTMENT NO.

SPONSORED BY: Brook Bassan, by request


title
Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (Able Grid Project), Series 2022 In The Maximum Principal Amount Of $95,000,000 To Provide Funds To Finance The Acquisition, Renovation, Development, Improvement And Equipping Of A Facility For A Renewable Energy Storage Company; Authorizing The Execution And Delivery Of An Indenture, Lease Agreement, Bond Purchase Agreement, Bond, And Other Documents In Connection With The Issuance Of The Bond And The Project; Making Certain Determinations And Findings Relating To The Bond And The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Ordinance (Bassan by request)
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1 ORDINANCE
2 title
3 Authorizing The Issuance And Sale Of The City Of Albuquerque,
4 New Mexico Industrial Revenue Bond (Able Grid Project), Series
5 2022 In The Maximum Principal Amount Of $95,000,000 To Provide
6 Funds To Finance The Acquisition, Renovation, Development,
7 Improvement And Equipping Of A Facility For A Renewable Energy
8 Storage Company; Authorizing The Execution And Delivery Of An
9 Indenture, Lease Agreement, Bond Purchase Agreement, Bond,
10 And Other Documents In Connection With The Issuance Of The
11 Bond And The Project; Making Certain Determinations And
12 Findings Relating To The Bond And The Project; Ratifying Certain
13 Actions Taken Previously; And Repealing All Actions
14 Inconsistent With This Ordinance. (Bassan, by request)
15 body
16 WHEREAS, the City of Albuquerque (the "City") is a legally and regularly created,
17 established, organized, and existing municipal corporation of the State of New
18 Mexico (the "State"); and
19 WHEREAS, pursuant to Sections 3-32-1 through 3-32-16, New Mexico Statutes
20 Annotated, 1978 Compilation, as amended (the "Act"...

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