CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. R-26-54 ENACTMENT NO.
SPONSORED BY: Joaquín Baca
RESOLUTION
title
A Resolution Authorizing The Execution And Delivery Of A Water Project Fund Grant Agreement By And Between The New Mexico Finance Authority (“NMFA”) And The City Of Albuquerque (The “Grantee”), In The Total Amount Of $6,160,000, Evidencing An Obligation Of The Grantee To Utilize The Grant Amount Solely For The Purpose Of Financing The Costs Of Design And Construction Of John St. Pump Station And Gravity Pond, Diversion Of Williams St. 72-Inch Storm Drain And Broadway Blvd. 66-Inch Storm Drain And Upsizing Storm Drain In Barelas Ditch To A 30-Inch Pipe; And Solely In The Manner Described In The Grant Agreement; Certifying That The Grant Amount, Together With Other Funds Available To The Grantee, Is Sufficient To Complete The Project; Approving The Form Of And Other Details Concerning The Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Resolution; And Authorizing The Taking Of Other Actions In Connection With The Execution And Delivery Of The Grant Agreement (Baca)
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A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER PROJECT FUND GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY (“NMFA”) AND THE CITY OF ALBUQUERQUE (THE “GRANTEE”), IN THE TOTAL AMOUNT OF $6,160,000, EVIDENCING AN OBLIGATION OF THE GRANTEE TO UTILIZE THE GRANT AMOUNT SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF DESIGN AND CONSTRUCTION OF JOHN ST. PUMP STATION AND GRAVITY POND, DIVERSION OF WILLIAMS ST. 72-INCH STORM DRAIN AND BROADWAY BLVD. 66-INCH STORM DRAIN AND UPSIZING STORM DRAIN IN BARELAS DITCH TO A 30-INCH PIPE; AND SOLELY IN THE MANNER DESCRIBED IN THE GRANT AGREEMENT; CERTIFYING THAT THE GRANT AMOUNT, TOGETHER WITH OTHER FUNDS AVAILABLE TO THE GRANTEE, IS SUFFICIENT TO COMPLETE THE PROJECT; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE GRANT AGREEMENT; RA...
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