CITY of ALBUQUERQUE
TWENTY-SIXTH COUNCIL
COUNCIL BILL NO. F/S
R-24-17 ENACTMENT NO. _______________________
SPONSORED BY: Klarissa J. Pe?a, by request
RESOLUTION
title F/S Authorizing The Giving Of Notices For Bids For The Sale Of City Of Albuquerque, New Mexico General Obligation Bonds Consisting Of $102,850,000 General Obligation General Purpose Bonds, Series 2024A, And $9,000,000 General Obligation Storm Sewer Bonds, Series 2024B (Pe?a, by request)
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AUTHORIZING THE GIVING OF NOTICES FOR BIDS FOR THE SALE OF CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION BONDS CONSISTING OF $102,850,000 GENERAL OBLIGATION GENERAL PURPOSE BONDS, SERIES 2024A, AND $9,000,000 GENERAL OBLIGATION STORM SEWER BONDS, SERIES 2024B.
WHEREAS, the City Council (the "Council") of the City of Albuquerque (the "City"), in the County of Bernalillo and State of New Mexico, at its municipal election of November 7, 2023, was given authority to issue general obligation bonds in the principal amounts stated in the schedule (the "Bond Schedule") shown below under the column entitled "Authorized at 2023 Election" (the "Authorized Bonds"); and
BOND SCHEDULE
GENERAL PURPOSE Authorized at Series 2024
BONDS 2023 Election Financing
Public Safety $25,051,666 $18,500,000
Citizens' Centers and Community Enhancement 35,880,001 19,050,000
Parks and Recreation 34,946,666 14,400,000
Energy/Water Conservation, Facilities and Equipment 24,155,000 12,200,000
Streets and Transportation 50,061,667 34,200,000
Museum, Cultural Facilities and Library 15,595,000 4,500,000
SUBTOTAL $ 185,690,000 $102,850,000
Storm Sewer 14,310,000 9,000,000
TOTAL $200,000,000 $111,850,000
WHEREAS, the City wishes to issue and se...
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