ORDINANCE
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Authorizing The Issuance, Sale And Delivery Of City Of Albuquerque, New Mexico Energy Savings/Municipal Infrastructure Gross Receipts Tax Revenue Bonds, Series 2024 In A Principal Amount Not To Exceed $8,500,000 (The "Series 2024 Bonds") To Finance The Cost Of Acquiring, Constructing And Improving Renewable Energy Projects Associated With City Facilities And Paying Expenses Related To Issuance Of The Series 2024 Bonds; Providing For The Payment Of The Bonds From The Revenues Of The 1/16 Of One Percent (0.0625%) Increment Of Municipal Infrastructure Gross Receipts Tax Imposed On All Persons Engaging In Business In The City Pursuant To Section 7-19D-11 NMSA 1978 And City Ordinance No. 14-1992 Adopted March 16, 1992; Providing Other Details Concerning The Bonds And The Series 2024 Bonds; 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; Approving Certain Documents Pertaining To The Series 2024 Bonds; Making Certain Appropriations; And Ratifying Certain Actions Previously Taken (Pe?a, by request)
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Capitalized terms used in the following preambles have the same meanings as 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, the City is authorized by the Act to issue the Series 2024 Bonds to accomplish the Project as set forth in the Bond Ordinance and the Council has determined that it is in the best interest of the City to issue the Series 2024 Bonds; and
WHEREAS, the City desires to authorize the issuance of the Series 2024 Bonds in the principal amount not to exceed ...
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