City of Albuquerque - File #: R-22-61

• File #: R-22-61
• Type: Resolution
• Status: Adopted
• File created: 8/1/2022
• In control: City Council
• Final action: 8/15/2022
• Enactment date: 8/30/2022
• Enactment #: R-2022-065
• Title: Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project Within The Downtown 2025 Metropolitan Redevelopment Area Consistent With The Terms Of The Downtown 2025 Metropolitan Redevelopment Plan; Approving The Metropolitan Redevelopment Application Entitled "Villa Agave, LLC; The Downtown 2025 Metropolitan Redevelopment Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Downtown 2025 Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Villa Agave, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Resolution (Benton, by request)
• Sponsors: Isaac Benton (By Request)

Date	Action By	Action	Result
8/30/2022	City Clerk	Published
8/26/2022	Mayor	Signed by the Mayor
8/17/2022	City Council	Sent to Mayor for Signature
8/15/2022	City Council	Accepted with a Recommendation Do Pass, as Amended (Immediate Action)
8/15/2022	City Council	Passed	Pass
8/10/2022	Land Use, Planning, and Zoning Committee	Sent to Council for Immediate Action	Pass
8/10/2022	Land Use, Planning, and Zoning Committee	Sent to Council with a recommendation of Do Pass, as Amended	Pass
8/10/2022	Land Use, Planning, and Zoning Committee	Amended	Pass
8/1/2022	City Council	Introduced and Referred
8/1/2022	President	Referred

RESOLUTION
title
Relating To The Redevelopment, Leasing And Sale Of A Metropolitan Redevelopment Project Within The Downtown 2025 Metropolitan Redevelopment Area Consistent With The Terms Of The Downtown 2025 Metropolitan Redevelopment Plan; Approving The Metropolitan Redevelopment Application Entitled "Villa Agave, LLC; The Downtown 2025 Metropolitan Redevelopment Application"; Authorizing The Acquisition Of Land And Existing Improvements And Construction Of A Building Within The Downtown 2025 Metropolitan Redevelopment Area; Authorizing The Disposition By Lease And Sale Of The City's Interest In Such Project To Villa Agave, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease Agreement And Other Documents In Connection With The Project; Making Certain Determinations And Findings Relating To The Project; Ratifying Certain Actions Taken Previously; And Repealing All Actions Inconsistent With This Resolution (Benton, by request)
body
RELATING TO THE REDEVELOPMENT, LEASING AND SALE OF A METROPOLITAN REDEVELOPMENT PROJECT WITHIN THE DOWNTOWN 2025 METROPOLITAN REDEVELOPMENT AREA CONSISTENT WITH THE TERMS OF THE DOWNTOWN 2025 METROPOLITAN REDEVELOPMENT PLAN; APPROVING THE METROPOLITAN REDEVELOPMENT APPLICATION ENTITLED "VILLA AGAVE, LLC; THE DOWNTOWN 2025 METROPOLITAN REDEVELOPMENT APPLICATION"; AUTHORIZING THE ACQUISITION OF LAND AND EXISTING IMPROVEMENTS AND CONSTRUCTION OF A BUILDING WITHIN THE DOWNTOWN 2025 METROPOLITAN REDEVELOPMENT AREA; AUTHORIZING THE DISPOSITION BY LEASE AND SALE OF THE CITY'S INTEREST IN SUCH PROJECT TO VILLA AGAVE, LLC, ITS SUCCESSORS AND ASSIGNS; AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS RESOLUTION.
WHEREAS, the City of Albuquerque (the "City") is a legally and regularly creat...