City of Albuquerque - File #: O-22-29

• File #: O-22-29
• Type: Ordinance
• Status: Enacted
• File created: 6/6/2022
• In control: City Council
• Final action: 9/7/2022
• Enactment date: 9/23/2022
• Enactment #: O-2022-032
• Title: F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (Sandia Peak 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)
• Sponsors: Brook Bassan (By Request)

Date	Action By	Action	Result
9/23/2022	City Clerk	Published
9/19/2022	Mayor	Signed by the Mayor
9/12/2022	City Council	Sent to Mayor for Signature
9/7/2022	City Council	Passed as Substituted	Pass
9/7/2022	City Council	Substituted	Pass
8/1/2022	City Council	Postponed	Pass
6/22/2022	City Council	Postponed	Pass
6/6/2022	City Council	Introduced
6/6/2022	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY-FIFTH COUNCIL


COUNCIL BILL NO. F/S O-22-29 ENACTMENT NO. ________________________

SPONSORED BY: Brook Bassan (by request)


ORDINANCE
title
F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Industrial Revenue Bond (Sandia Peak 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)
body
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO INDUSTRIAL REVENUE BOND (SANDIA PEAK 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.
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 3-32-1 through 3-32-16, New Mexico Statutes Annotated, 1978 Compilation, as amended (the "Act"), the City is authorized to acquire industrial revenu...