CITY of ALBUQUERQUE
TWENTY-FOURTH COUNCIL
COUNCIL BILL NO.
F/S O-21-65
ENACTMENT NO. O-2021-017
SPONSORED BY: Benton, by request
ORDINANCE
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO INDUSTRIAL REVENUE BOND (EL ENCANTO, INC. PROJECT), TAX-EXEMPT SERIES 2021 IN THE MAXIMUM PRINCIPAL AMOUNT OF $10,000,000 TO PROVIDE FUNDS TO FINANCE THE CONSTRUCTION AND EQUIPPING OF A MANUFACTURING FACILITY; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND, TAX REGULATORY AGREEMENT 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. June 25, 2021
