City of Albuquerque - File #: R-24-61

• File #: R-24-61
• Type: Resolution
• Status: Enacted and Published
• File created: 6/3/2024
• In control: City Council
• Final action: 6/3/2024
• Enactment date: 6/21/2024
• Enactment #: R-2024-050
• Title: Making Findings In Connection With The Aspire Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Aspire Public Improvement District Special Levy Revenue Bonds, Series 2024, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution Enactment No. F/S R-21-184 (Pe?a, by request)
• Sponsors: Klarissa J. Peña (By Request)

Date	Action By	Action	Result
6/21/2024	City Clerk	Published
6/14/2024	Mayor	Signed by the Mayor
6/7/2024	City Council	Sent to Mayor for Signature
6/3/2024	City Council	Motion	Pass
6/3/2024	City Council	Introduced (Immediate Action Requested)
6/3/2024	President	Immediate Action Requested
6/3/2024	City Council	Passed	Pass

CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL

COUNCIL BILL NO. _R-24-61 ENACTMENT NO. _______________________

SPONSORED BY: Klarissa J. Pe?a, by request

RESOLUTION
title
Making Findings In Connection With The Aspire Public Improvement District's Resolution Authorizing The Issuance And Sale Of Special Levy Revenue Bonds; Ratifying And Approving The Issuance And Sale Of The Aspire Public Improvement District Special Levy Revenue Bonds, Series 2024, As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution Enactment No. F/S R-21-184 (Pe?a, by request)
body
Capitalized terms in the following preambles shall have the meanings assigned in City Council Resolution Enactment No. F/S R-21-184 adopted on September 8, 2021 (the "Formation Resolution") except as otherwise defined in this Resolution, or unless the context clearly requires otherwise.
WHEREAS, pursuant to the Act and Ordinance Enactment No. O-2003-12 (the "PID Ordinance"), the Council enacted the Formation Resolution, in which the Council approved the formation of the Aspire Public Improvement District for the purpose of financing public infrastructure improvements; and
WHEREAS, pursuant to the Formation Resolution, the Council approved the Development Agreement between the Petitioner, the City and the Aspire Public Improvement District, by which the District has undertaken to finance various Infrastructure Improvements to serve approximately 83 gross acres, and 506 homes, located wholly within the corporate boundaries of the City (the "Land"), which is an authorized purpose and appropriate use of a public improvement district as set forth in the Act and the PID Ordinance; and
WHEREAS, pursuant to the Formation Resolution, the City approved: (i) the Development Agreement; (ii) the General Plan; (iii) the Feasibility Study; (iv) the Rate and Method; and (v) a form of Notice of Special Levy (the "N...