CITY of ALBUQUERQUE
TWENTY-FIFTH COUNCIL
COUNCIL BILL NO. F/S O-23-74 ENACTMENT NO. ________________________
SPONSORED BY: Brook Bassan by request
ORDINANCE
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F/S Authorizing The Issuance And Sale Of City Of Albuquerque, New Mexico General Obligation Bonds In Two Series In A Collective Par Amount Not To Exceed $34,300,000, Consisting Of $19,300,000 General Purpose General Obligation Bonds, Series 2023a, And $15,000,000 Short-Term General Obligation Bonds, Taxable Series 2023b, Authorized At An Election Of The City Held On November 2, 2021 To Finance Projects Relating To Public Safety, Citizens' Centers, Parks And Recreation, Facilities And Equipment, Library, Museum And Cultural Facilities, Storm Sewers, Streets, Public Transportation, Affordable Housing And Metropolitan Redevelopment (The Series 2023A Bonds And Series 2023B Bonds Are Collectively Referred To As The "Series 2023 Bonds"); Providing For The Levy And Collection Of Ad Valorem Taxes For The Payment Of The Series 2023 Bonds; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2023 Bonds Pursuant To The Supplemental Public Securities Act; Providing For The Forms, Terms, Purchase, Payment, Execution And Other Provisions Of And Concerning The Series 2023 Bonds; Authorizing The Sale Of The Series 2023B Bonds To The State Of New Mexico; Prescribing Other Details In Connection With The Series 2023 Bonds And The Payment Thereof; And Ratifying Prior Action Taken In Connection Therewith (Bassan by request)
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Capitalized words used in the following preambles are defined in Section 1 of this
Bond Ordinance, unless the context requires otherwise.
WHEREAS, the City is a legally and regularly created, established, organized and existing municipal corporation under the general laws of the State and its Charter, as amended; and
WHEREAS, the City has Home Rule Powers; and
WHEREAS, as a result of the affirmative vote of the qualified elec...
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