COUNCIL BILL NO. O-20-45

CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL
COUNCIL BILL NO. O-20-45
ENACTMENT NO. O-2020-044
SPONSORED BY: Pat Davis
ORDINANCE
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BONDS (NETFLIX STUDIOS PROJECT), SERIES 2020 IN ONE OR MORE SERIES WHICH WHEN COMBINED WOULD BE IN THE MAXIMUM, AGGREGATE PRINCIPAL AMOUNT OF $500,000,000 TO PROVIDE FUNDS TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, REHABILITATION AND EQUIPPING OF ENTERTAINMENT PRODUCTION FACILITIES; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND PURCHASE AGREEMENT, BONDS, INFRASTRUCTURE IMPROVEMENTS AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS AND THE PROJECT; 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.
HCS Pub. December 18, 2020

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