CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. F/S
O-24-10 ENACTMENT NO. __________________
SPONSORED BY: Klarissa J. Pe?a, by request
ORDINANCE
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F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Gross Receipts Tax Improvement Revenue Bonds In One Or More Series In An Aggregate Principal Amount Not To Exceed $22,500,000 To Finance The (1) Cost Of Designing, Developing, Constructing, Reconstructing, Rehabilitating, Renovating, Modernizing, Signing, Enhancing And Otherwise Improving Certain Capital Improvements, Including The Southwest Public Safety Center, City Youth Shelters, Cibola Loop Multigenerational Center, Gibson Health Hub, Westside Emergency Housing Shelter, The Albuquerque Railyards, And The Acquisition Of A Law Enforcement Helicopter, And (2) Paying Expenses Related To Issuance Of The Bonds; Providing For The Payment Of The Series 2024 Bonds From Certain Gross Receipts Tax Revenues; Providing For The Collection Of Certain Gross Receipts Taxes; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2024 Bonds Pursuant To The Supplemental Public Securities Act; Providing For The Terms And Other Details Concerning The Series 2024 Bonds; Providing For Certain Documents Pertaining To The Series 2024 Bonds; Ratifying Action Previously Taken; Repealing All Actions Inconsistent With This Ordinance; Authorizing The Taking Of Other Actions In Connection With The Issue And Sale Of The Series 2024 Bonds (Pe?a, by request)
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Capitalized terms 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 home rule charter; and
WHEREAS, the City has Home Rule Powers; and
WHEREAS, pursuant to Section 7-9-4 NMSA 1978, the State impos...
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