City of Albuquerque - File #: O-26-37

• File #: O-26-37
• Type: Ordinance
• Status: Enacted
• File created: 5/27/2026
• In control: City Council
• Final action: 6/15/2026
• Enactment date: 7/2/2026
• Enactment #: O-2026-027
• Effective date: 7/22/2026
• Title: Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Taxable Industrial Revenue Bond (Dreamcatcher Journal Center Hotel Project), Series 2026 In The Maximum Principal Amount Of $25,008,118 To Provide Funds To Acquire, Construct, Equip, And Improve The Dreamcatcher Journal Center Hotel, A Home2 Suites By Hilton Hotel With An Anticipated 103 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 (Bassan, by request)
• Sponsors: Brook Bassan (By Request)

Date	Action By	Action	Result
7/2/2026	City Clerk	Published
6/29/2026	Mayor	Signed by the Mayor
6/22/2026	City Council	Sent to Mayor for Signature
6/15/2026	City Council	Passed	Pass
6/1/2026	City Council	Introduced
6/1/2026	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL


COUNCIL BILL NO. O-26-37 ENACTMENT NO. ________________________

SPONSORED BY: Brook Bassan, by request


ORDINANCE
title
Authorizing The Issuance And Sale Of The City Of Albuquerque, New Mexico Taxable Industrial Revenue Bond (Dreamcatcher Journal Center Hotel Project), Series 2026 In The Maximum Principal Amount Of $25,008,118 To Provide Funds To Acquire, Construct, Equip, And Improve The Dreamcatcher Journal Center Hotel, A Home2 Suites By Hilton Hotel With An Anticipated 103 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 (Bassan, by request)
body
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (DREAMCATCHER JOURNAL CENTER HOTEL PROJECT), SERIES 2026 IN THE MAXIMUM PRINCIPAL AMOUNT OF $25,008,118 TO PROVIDE FUNDS TO ACQUIRE, CONSTRUCT, EQUIP, AND IMPROVE THE DREAMCATCHER JOURNAL CENTER HOTEL, A HOME2 SUITES BY HILTON HOTEL WITH AN ANTICIPATED 103 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.
WHEREAS, the City of Albuquerque (the "City") is a legally and regularly created, established, organized, and existing municipal corporation of the State of New Mexico (the "State"); and
WHEREAS, pursuant to Sections 3-32-1 through 3-32-16, New Mexico Statutes Annotated, 1978 Comp...