CITY of ALBUQUERQUE
TWENTY-SIXTH COUNCIL
COUNCIL BILL NO. F/S O-24-4
ENACTMENT NO. O-2024-006
SPONSORED BY: Klarissa J. Peña, by request
ORDINANCE
[Form Of Summary Of Ordinance For Publication]
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-Sixth Council Bill No. F/S O-24-4 duly adopted and approved by the City Council of the City of Albuquerque, New Mexico on March 18, 2024. 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 CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION BONDS IN TWO SERIES IN A COLLECTIVE PAR AMOUNT NOT TO EXCEED $111,850,000, CONSISTING OF $102,850,000 GENERAL PURPOSE GENERAL OBLIGATION BONDS, SERIES 2024A, AND $9,000,000 GENERAL OBLIGATION STORM SEWER BONDS, SERIES 2024B, AUTHORIZED AT AN ELECTION OF THE CITY HELD ON NOVEMBER 7, 2023 TO FINANCE PROJECTS RELATING TO PUBLIC SAFETY; COMMUNITY CENTERS, HOMELESSNESS, METROPOLITAN REDEVELOPMENT AND COMMUNITY ENHANCEMENT; PARKS AND RECREATION; ENERGY AND WATER CONSERVATION, PUBLIC BUILDINGS, FACILITIES AND SYSTEMS; STREETS AND TRANSPORTATION; MUSEUMS, CULTURAL FACILITIES AND LIBRARIES; AND STORM SEWERS; (THE SERIES 2024A BONDS AND SERIES 2024B BONDS ARE COLLECTIVELY REFERRED TO AS THE “SERIES 2024 BONDS”); PROVIDING FOR THE LEVY AND COLLECTION OF AD VALOREM TAXES FOR THE PAYMENT OF THE SERIES 2024 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2024 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE FORMS, TERMS, PURCHASE, PAYMENT, EXECUTION AND OTHER PROVISIONS OF AND CONCERNING THE SERIES 2024 BONDS; PRESCRIBING OTHER DETAILS IN CONNECTION WITH THE SERIES 2024 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.
[End Of Form Of Summary Of Ordinance For Publication]
HCS Pub. April 19, 2024
