City of Albuquerque - File #: O-23-83

• File #: O-23-83
• Type: Ordinance
• Status: In Council - Final Action
• File created: 8/7/2023
• In control: City Council
• Title: Amending Section 2-12-1 To Reserve And Make Permanent 3% Of The General Obligation Bond Program Capacity For Open Space Land Acquisition (Grout)
• Sponsors: Renee Grout

Date	Action By	Action	Result
9/6/2023	City Council	Postponed	Pass
8/21/2023	City Council	Accepted Without Recommendation
8/14/2023	Finance & Government Operations Committee	Sent to Council Without Recommendation	Pass
8/7/2023	City Council	Introduced and Referred
8/7/2023	President	Referred

CITY of ALBUQUERQUE
TWENTY FIFTH COUNCIL


COUNCIL BILL NO. O-23-83 ENACTMENT NO. ________________________

SPONSORED BY: Ren?e Grout


ORDINANCE
title
Amending Section 2-12-1 To Reserve And Make Permanent 3% Of The General Obligation Bond Program Capacity For Open Space Land Acquisition (Grout)
body
WHEREAS, The City of Albuquerque Open Space Program provides the public with a variety of opportunities for recreation and education about our unique high desert environment; and
WHEREAS, Open Space lands have historically been acquired through the City's General Obligation Bond Program, a Quality-of-Life Quarter Cent Tax, and the Open Space Trust Fund; and
WHEREAS, the principal balance of the Open Space Trust Fund has not reached a level necessary to generate interest earnings to fund acquisition of OpenSpace; and
WHEREAS, additional funding is needed to ensure that funds are available as opportunities to purchase Open Space arise; and
WHEREAS, a viable Open Space acquisition program is necessary to protect the unique natural environment in and around Albuquerque.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
SECTION 1. ? 2-12-1 CAPITAL IMPROVEMENTS PROGRAM INTENT; SCOPE is amended as follows:
"(O) [Two Three] percent of the General Obligation Bond Program shall be reserved for the acquisition of lands identified for Open Space and capital [restoration renovation] of Open Space.
[(P) The term of the CIP Set Aside for Open Space Acquisition shall be for the following General Obligation Bond Cycles, 2017, 2019, 2021, 2023, 2025, 2027, 2029, 2031, 2033 and 2035.]"
SECTION 2. SEVERABILITY CLAUSE. If any section, paragraph, sentence, clause, word, or phrase of this Ordinance is for any reason held to be invalid or unenforceable by any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Ordinance. The Council hereby dec...