CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. ___R-25-125__ ENACTMENT NO. _______________________
SPONSORED BY: Tammy Fiebelkorn, by request
RESOLUTION
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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 $59,840,000 General Purpose General Obligation Bonds, Series 2025A, $5,310,000 General Obligation Storm Sewer Bonds, Series 2025B, And $23,000,000 Short-Term General Obligation Bonds, Taxable Series 2025C (Fiebelkorn, by request)
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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
Amount
GENERAL PURPOSE BONDS Authorized at Previously Series 2025
2023 Election Issued Financing
Public Safety $25,051,666 $18,500,000 $6,551,666
Citizens' Centers and
Community Enhancement 35,880,001 19,050,000 16,830,001
Parks and Recreation 34,946,666 14,440,000 20,546,666
Energy/Water Conservation,
Facilities and Equipment 24,155,000 12,200,000 11,955,000
Streets and Transportation 50,061,667 34,200,000 15,861,667
Museums, Cultural Facilities
and Libraries 15,595,000 4,500,000 11,095,000
SUBTOTAL $185,690,000 $102,850,000 $82,840,000
Storm Sewer 14,310,000 9,000,000 5,310,000
TOTAL $200,000,000 $111,580,000 $88,150,000
WHEREAS, the City wishes to issue and sell (i) by competitive bid in a public sale, bonds in three series, consisting of $59,840,000 General Purpose General Obligation Bonds, Series 2025A (the "Series 2025A Bonds"), $5,310,000 General Obligation ...
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