COUNCIL BILL NO. F/S O-21-53

By on April 2, 2021

CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL
COUNCIL BILL
NO. F/S O-21-53
ENACTMENT NO. O-2021-007
SPONSORED BY: COUNCILOR BASSAN, 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-21-53 duly adopted and approved by the City Council of the City of Albuquerque, New Mexico on March 15, 2021. 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 TWO SERIES IN A COLLECTIVE PAR AMOUNT NOT TO EXCEED $42,960,000, CONSISTING OF $22,960,000 GENERAL PURPOSE GENERAL OBLIGATION BONDS, SERIES 2021A, AND $20,000,000 SHORT-TERM GENERAL OBLIGATION BONDS, SERIES 2021C, 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, STREETS, AFFORDABLE HOUSING AND METROPOLITAN REDEVELOPMENT, AND (II) CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION REFUNDING BONDS, SERIES 2021B IN A PAR AMOUNT NOT TO EXCEED $31,500,000 (THE SERIES 2021A BONDS, SERIES 2021B BONDS AND SERIES 2021C BONDS ARE COLLECTIVELY REFERRED TO AS THE “SERIES 2021 BONDS”); PROVIDING FOR THE LEVY AND COLLECTION OF AD VALOREM TAXES FOR THE PAYMENT OF THE SERIES 2021 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2021 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE FORMS, TERMS, PURCHASE, PAYMENT, EXECUTION AND OTHER PROVISIONS OF AND CONCERNING THE SERIES 2021 BONDS; AUTHORIZING THE SALE OF THE SERIES 2021C BONDS TO THE STATE OF NEW MEXICO; PRESCRIBING OTHER DETAILS IN CONNECTION WITH THE SERIES 2021 BONDS AND THE PAYMENT THEREOF; AND RATIFYING PRIOR ACTION TAKEN IN CONNECTION THEREWITH.
HCS Pub. April 2, 2021

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