CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL
COUNCIL BILL NO. O-20-44
ENACTMENT NO. O-2020-043
SPONSORED BY: Pat Davis
ORDINANCE
APPROVING A PROJECT INVOLVING A MULTINATIONAL COMPANY, NETFLIX STUDIOS LLC, PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY’S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND REHABILITATION OF ENTERTAINMENT PRODUCTION FACILITIES AND RELATED REAL PROPERTY LOCATED IN ALBUQUERQUE, NEW MEXICO; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT INCLUDING THE INCORPORATION OF THE COMPANY’S EXISTING PROJECT PARTICIPATION AGREEMENT INTO THE NEW AGREEMENT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
HCS Pub. December 18, 2020
