CITY of ALBUQUERQUE
TWENTY-THIRD COUNCIL
COUNCIL BILL
NO. F/S O-19-80
ENACTMENT NO. O-2019-033
SPONSORED BY: Isaac Benton, by request
CITY OF ALBUQUERQUE, NEW MEXICO
NOTICE OF ADOPTION OF ORDINANCE
Notice is hereby given of the title and of a general summary of the subject matter contained in City Ordinance F/S O-19-80 (the “Ordinance”), duly adopted and approved by the City Council of the City of Albuquerque, New Mexico, on October 21, 2019. Complete copies of the Ordinance are available for public inspection during the normal and regular business hours of the City Clerk in the office of the City Clerk, Plaza del Sol, 600 2nd Street NW, 7th Floor, Albuquerque, New Mexico.
The title of the Ordinance is:
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (ARRIVE ALBUQUERQUE HOTEL PROJECT) SERIES 2019 IN THE MAXIMUM PRINCIPAL AMOUNT OF $20,800,000 TO PROVIDE FUNDS TO FINANCE THE ACQUISITION, REDEVELOPMENT, RENOVATION, REHABILITATION AND EQUIPPING OF A HOSPITALITY PROJECT; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND PURCHASE AGREEMENT, BOND, AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE BOND AND THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE BOND AND THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
HCS Pub. November 22, 2019
