City of Albuquerque - File #: O-24-33

• File #: O-24-33
• Type: Ordinance
• Status: Enacted and Published
• File created: 8/5/2024
• In control: City Council
• Final action: 8/5/2024
• Enactment date: 8/15/2024
• Enactment #: O-2024-026
• Effective date: 8/23/2024
• Title: Accepting The Investment-Grade Audit Report And Approving The Energy Savings Performance Contract By And Between The City Of Albuquerque And Yearout Energy Services Company, LLC, Subject To City Council Approval Of A Separate Financing Transaction To Finance The Costs Of The Energy Performance Contract ("EPC"); Authorizing The Execution And Delivery Of The EPC And Other Agreements And Documents In Connection With The EPC; Ratifying Action Previously Taken In Connection With The EPC; Repealing All Ordinances And Prior Action In Conflict Herewith; And Related Matters (Pe?a, by request)
• Sponsors: Klarissa J. Peña (By Request)

Date	Action By	Action	Result
8/15/2024	City Clerk	Published
8/13/2024	Mayor	Signed by the Mayor
8/12/2024	City Council	Sent to Mayor for Signature
8/5/2024	City Council	Motion	Pass
8/5/2024	City Council	Introduced (Immediate Action Requested)
8/5/2024	President	Immediate Action Requested
8/5/2024	City Council	Passed	Pass

CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL


COUNCIL BILL NO. O-24-33 ENACTMENT NO. ________________________

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


ORDINANCE
title Accepting The Investment-Grade Audit Report And Approving The Energy Savings Performance Contract By And Between The City Of Albuquerque And Yearout Energy Services Company, LLC, Subject To City Council Approval Of A Separate Financing Transaction To Finance The Costs Of The Energy Performance Contract ("EPC"); Authorizing The Execution And Delivery Of The EPC And Other Agreements And Documents In Connection With The EPC; Ratifying Action Previously Taken In Connection With The EPC; Repealing All Ordinances And Prior Action In Conflict Herewith; And Related Matters (Pe?a, by request)
body
ACCEPTING THE INVESTMENT-GRADE AUDIT REPORT AND APPROVING THE ENERGY SAVINGS PERFORMANCE CONTRACT BY AND BETWEEN THE CITY OF ALBUQUERQUE AND YEAROUT ENERGY SERVICES COMPANY, LLC, SUBJECT TO CITY COUNCIL APPROVAL OF A SEPARATE FINANCING TRANSACTION TO FINANCE THE COSTS OF THE ENERGY PERFORMANCE CONTRACT ("EPC"); AUTHORIZING THE EXECUTION AND DELIVERY OF THE EPC AND OTHER AGREEMENTS AND DOCUMENTS IN CONNECTION WITH THE EPC; RATIFYING ACTION PREVIOUSLY TAKEN IN CONNECTION WITH THE EPC; REPEALING ALL ORDINANCES AND PRIOR ACTION IN CONFLICT HEREWITH; AND RELATED MATTERS.
Capitalized terms used in the following preambles have the same meaning as set forth in Section 1 of this Ordinance unless the context requires otherwise.
WHEREAS, the City of Albuquerque, New Mexico (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 the Statewide Price Agreement No. 90-000-18-00017, the City entered into Professional Services Agreement No. ("PSA 202100819") with Yearout Energy Services Company, LLC, a Ne...