City of Albuquerque - File #: R-23-107

• File #: R-23-107
• Type: Resolution
• Status: Enacted
• File created: 2/22/2023
• In control: Finance & Government Operations Committee
• Final action: 3/20/2023
• Enactment date: 4/4/2023
• Enactment #: R-2023-025
• 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 "The Downtowner Redevelopment Tax Abatement 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 Alb. Downtowner, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease Agreement, In Form, 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
4/4/2023	City Clerk	Published
3/28/2023	Mayor	Signed by the Mayor
3/23/2023	City Council	Sent to Mayor for Signature
3/20/2023	City Council	Accepted with a Recommendation Do Pass (Immediate Action)
3/20/2023	City Council	Passed	Pass
3/13/2023	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
3/13/2023	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
2/22/2023	City Council	Received and Referred
2/22/2023	President	Referred

CITY of ALBUQUERQUE
TWENTY FIFTH COUNCIL


COUNCIL BILL NO. R-23-107 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton by request


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 "The Downtowner Redevelopment Tax Abatement 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 Alb. Downtowner, LLC, Its Successors And Assigns; Authorizing The Execution And Delivery Of A Lease Agreement, In Form, 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 "THE DOWNTOWNER REDEVELOPMENT TAX ABATEMENT 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 ALB. DOWNTOWNER, LLC, ITS SUCCESSORS AND ASSIGNS; AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE AGREEMENT, IN FORM, AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT; RATIFYING CERTAIN ACTIONS T...