Ratifying Certain Actions Taken Previously; And Repealing All Actions
Inconsistent With This Ordinance (Bassan, by request)
A motion was made by Councilor Bassan that this matter be Passed. The
motion carried by the following vote:
9 -
For:
Baca, Bassan, Champine, Fiebelkorn, Grout, Lewis, Peña, Rogers, and
Telles
c.
Authorizing The Issuance And Sale Of The City Of Albuquerque, New
Mexico Taxable Industrial Revenue Bond (Dreamcatcher Sawmill Hotel
Project), Series 2026 In The Maximum Principal Amount Of $40,520,267
To Provide Funds To Acquire, Construct, Equip, And Improve The
Dreamcatcher Sawmill Hotel, A Dual Branded Hampton Inn And Home2
Suites With An Anticipated 135 Guestrooms, And Associated Site
Improvements; Authorizing The Execution And Delivery Of An Indenture,
Lease Agreement, Bond Purchase Agreement, Bonds, And Other
Documents In Connection With The Bonds; Making Certain
Determinations And Findings Relating To The Bonds And The Project;
Ratifying Certain Actions Taken Previously; And Repealing All Actions
Inconsistent With This Ordinance (Baca, by request)
A motion was made by President Peña that this matter be Amended. President
Peña moved Amendment No. 1. The motion carried by the following vote:
6 - Baca, Bassan, Champine, Grout, Peña, and Rogers
3 - Fiebelkorn, Lewis, and Telles
For:
Against:
A motion was made by Councilor Baca that this matter be Postponed as
Amended to August 3, 2026. The motion carried by the following vote:
5 - Baca, Champine, Fiebelkorn, Rogers, and Telles
4 - Bassan, Grout, Lewis, and Peña
For:
Against:
d.
F/S Approving The Application And Petition Of Pulte Homes Of New
Mexico, Inc. For Formation Of The Savio Ridge Public Improvement
District Pursuant To The Public Improvement District Act, NMSA 1978, §
§ 5-11-1 To 5-11--27, As Amended, And City Ordinance Enactment No.
2003-12 Council Bill No. F/S O-03-84; Making Findings In Connection
With The Application And Petition And Supporting Documentation
Requesting Approval Of The Formation Of The District; Determining The
Real Property To Be Included Within The District And The Purposes For
Which The District Is Being Formed; Approving The General Plan,
Feasibility Study, Rate, Method Of Apportionment And Manner Of
Collection Of A Special Levy To Be Imposed Upon Real Property Within
The District, And Approving A Development Agreement For The District;
Establishing Parameters For The Issuance Of Special Levy Bonds;
Authorizing The District To Issue Subordinate Obligations; Providing For
Governance Of The District; Providing That Bonds And Other Obligations
Of The District Shall Not Be Obligations Of The City; Waiving And
Canceling Certain Requirements To Formation Of A Public Improvement
District; Ratifying Certain Actions Heretofore Taken; Repealing All