Welcome to the City of Albuquerque

Introduction

This document describes the approved 2013 General Obligation Bond Program/2013-2022 Decade Plan for city-wide capital improvements. Additionally, included in the document are summary tables for the Aviation and Solid Waste Departments' Enterprise Program Capital Improvement Revenue Bond Plans. Also included are: The Component Capital Improvement Plan (CCIP) for the expenditure of impact fee revenue; the Consolidated Plan, also referred to as CDBG; and the Metropolitan Redevelopment Plan. Collectively, these plans are often referred to as the Capital Improvement Program (CIP) for the City of Albuquerque.

Major capital improvements traditionally have been funded primarily with general obligation and revenue bonds. Starting in 2005, capital funding for growth related projects has also been provided by impact fee revenues. In many cases funds described in this document leverage additional funding from either or both the Federal and State Governments. Matching funds include those that are received from the Federal Department of Transportation; Federal Aviation Administration; Environmental Protection Agency; Economic Development Administration; NM State Department of Transportation (NMDOT), The State Legislature, and occasionally local special assessment districts.

G.O. Bonds and impact fees fund a host of capital improvements that directly affect the basic needs and quality of life of every Albuquerque resident. These improvements include critical police and fire facilities, vehicles and equipment; basic streets and storm drain improvements; public transportation improvements, including to the Rapid Ride; ongoing parks, recreational and open space facilities; cultural institutions including the Zoo, Aquarium, Botanic Gardens, Albuquerque Museum and others; and Senior and Community Centers. Revenue Bonds fund capital improvements to the Sunport, Double Eagle II Airport and to the Solid Waste Management and Disposal systems.

Mayor Richard J. Berry is pleased to present this Capital Program for the 2013-2022 timeframe.

Document Actions