CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. F/S O-26-18 ENACTMENT NO. ________________________
SPONSORED BY: Ren?e Grout, by request
ORDINANCE
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F/S Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Gross Receipts Tax Refunding Revenue Bonds, Series 2026A In The Maximum Principal Amount Of $38,025,000 To Finance The (1) The Cost Of Refunding The City's Outstanding Gross Receipts Tax Improvement Revenue Bonds, Series 2015A And Outstanding Gross Receipts Tax Improvement Revenue Bonds, Series 2016C; And (2) Paying Expenses Related Thereto; Providing For The Payment Of The Series 2026A Bonds From State-Shared Gross Receipts Tax Revenues; Providing For The Collection Of State-Shared Gross Receipts Tax Revenues; Approving The Delegation Of Authority To Make Certain Determinations Regarding The Sale Of The Series 2026A Bonds Pursuant To The Supplemental Public Securities Act; Providing For The Terms And Other Details Concerning The Series 2026A Bonds; Providing For Certain Documents Pertaining To The Series 2026A Bonds; Ratifying Action Previously Taken; Repealing All Actions Inconsistent With This Ordinance; Authorizing The Taking Of Other Actions In Connection With The Issuance And Sale Of The Series 2026A Bonds (Grout, by request)
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AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO GROSS RECEIPTS TAX REFUNDING REVENUE BONDS, SERIES 2026A IN THE MAXIMUM PRINCIPAL AMOUNT OF $38,025,000 TO FINANCE THE (1) THE COST OF REFUNDING THE CITY'S OUTSTANDING GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2015A AND OUTSTANDING GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2016C; AND (2) PAYING EXPENSES RELATED THERETO; PROVIDING FOR THE PAYMENT OF THE SERIES 2026A BONDS FROM STATE-SHARED GROSS RECEIPTS TAX REVENUES; PROVIDING FOR THE COLLECTION OF STATE-SHARED GROSS RECEIPTS TAX REVENUES; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SE...
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