COUNCIL BILL NO. F/S O-20-1

By on March 13, 2020

CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL
COUNCIL BILL NO. F/S O-20-1
ENACTMENT NO. O-2020-008
SPONSORED BY: Diane G. Gibson, 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 the City Ordinance Twenty-Fourth Council Bill No. F/S O-20-1 duly adopted and approved by the City Council of the City of Albuquerque, New Mexico on February 19, 2020. Complete copies of the Ordinance are available for public inspection during the normal and regular business hours of the City Clerk, Albuquerque, New Mexico. The title of the Ordinance is:
AUTHORIZING THE ISSUANCE AND SALE OF (I) CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION BONDS IN THREE SERIES IN A COLLECTIVE PAR AMOUNT NOT TO EXCEED $93,200,000, CONSISTING OF $75,000,000 GENERAL PURPOSE GENERAL OBLIGATION BONDS, SERIES 2020A, $11,210,000 GENERAL OBLIGATION STORM SEWER BONDS, SERIES 2020B, AND $7,000,000 SHORT-TERM GENERAL OBLIGATION BONDS, SERIES 2020C, AUTHORIZED AT AN ELECTION OF THE CITY HELD ON NOVEMBER 5, 2019 TO FINANCE PROJECTS RELATING TO PUBLIC SAFETY, CITIZENS’ CENTERS, PARKS AND RECREATION, FACILITIES AND EQUIPMENT, LIBRARY, PUBLIC TRANSPORTATION, MUSEUM AND CULTURAL FACILITIES, STORM SEWERS, STREETS, AND METROPOLITAN REDEVELOPMENT, AND (II) CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION REFUNDING BONDS, SERIES 2020D IN A PAR AMOUNT NOT TO EXCEED $65,000,000 (THE SERIES 2020A BONDS, SERIES 2020B BONDS, SERIES 2020C BONDS AND SERIES 2020D BONDS ARE COLLECTIVELY REFERRED TO AS THE “SERIES 2020 BONDS”); PROVIDING FOR THE LEVY AND COLLECTION OF AD VALOREM TAXES FOR THE PAYMENT OF THE SERIES 2020 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2020 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE FORMS, TERMS, PURCHASE, PAYMENT, EXECUTION AND OTHER PROVISIONS OF AND CONCERNING THE SERIES 2020 BONDS; AUTHORIZING THE SALE OF THE SERIES 2020C BONDS TO THE STATE OF NEW MEXICO; PRESCRIBING OTHER DETAILS IN CONNECTION WITH THE SERIES 2020 BONDS AND THE PAYMENT THEREOF; AND RATIFYING PRIOR ACTION TAKEN IN CONNECTION THEREWITH.
The title of the Ordinance contains a summary of its provisions. This notice constitutes compliance with Sections 6-14-4 through 6-14-7, New Mexico Statutes Annotated, 1978.
HCS Pub. March 13, 2020

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