CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. _ R-26-25 ENACTMENT NO. _______________________
SPONSORED BY: Nichole Rogers, by request
RESOLUTION
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Making Findings In Connection With The Mesa Del Sol Public Improvement District No. 1 Resolution Authorizing The Issuance And Sale Of Mesa Del Sol Public Improvement District No. 1 Special Levy Improvement Revenue Bonds, Series 2026A In An Aggregate Principal Amount Not To Exceed $14,000,000, And Mesa Del Sol Public Improvement District No. 1 Special Levy Refunding Revenue Bonds, Series 2026B In An Aggregate Principal Amount Not To Exceed $6,000,000; Ratifying And Approving The Issuance And Sale Of The Series 2026 Bonds As Substantially Consistent With The Requirements Of City Ordinance Enactment No. 0-2003-12 And City Council Resolution Enactment No. R-2008-045 Adopted On March 3, 2008 (Rogers, by request)
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Capitalized terms in the following preambles shall have the meanings assigned in City Council Resolution Enactment No. R-2008-045 adopted on March 3, 2008 (the "Formation Resolution") except as otherwise defined in this Resolution, or unless the context clearly requires otherwise.
WHEREAS, pursuant to the Act and Ordinance Enactment No. O-2003-12 (the "PID Ordinance"), the City Council enacted the Formation Resolution, in which the City Council approved, in part, the formation of the Mesa Del Sol Public Improvement District No. 1 (the "District") for the purpose of financing public infrastructure improvements; and WHEREAS, pursuant to the Formation Resolution, the City Council approved the Master Development Agreement between the Petitioner, the City and the District, by which the District will finance various Infrastructure Improvements, in multiple phases, within the District, which is an authorized purpose and appropriate use of a public improvement district as set forth in the Act and the PID Ordinance; and
WHEREAS, pursuant to the Formation Res...
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