CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. O-25-99 ENACTMENT NO. ________________________
SPONSORED BY: Ren?e Grout, by request
ORDINANCE
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Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Gross Receipts Tax Revenue Bonds In Two Series In An Aggregate Principal Amount Not To Exceed $47,000,000: (I) Gross Receipts Tax/Project Revenue Improvement Revenue Bonds (Juniper Flats Project), Series 2025A In The Maximum Principal Amount Of $18,000,000, And (II) Gross Receipts Tax Refunding Revenue Bonds, Series 2025B In The Maximum Principal Amount Of $29,000,000 To Finance The (1) Cost Of Acquiring, Improving And Equipping The Juniper Flats Housing Development And Paying Expenses, And (2) Financing The Cost Of Refunding The City's Outstanding Gross Receipts Tax Improvement Revenue Bonds, Series 2015A And Paying Expenses; Providing For (I) The Payment Of The Series 2025A Bonds From Certain Gross Receipts Tax Revenues And Certain Project Revenues, And (II) The Payment Of The Series 2025B Bonds From Certain Gross Receipts Tax Revenues; Providing For The Collection Of Certain Gross Receipts Taxes And Certain Project Revenues; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2025 Bonds Pursuant To The Supplemental Public Securities Act; Providing For The Terms And Other Details Concerning The Series 2025 Bonds; Providing For Certain Documents Pertaining To The Series 2025 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 2025 Bonds (Grout, 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...
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