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January 27, 2025 Labor-Management Relations Board Agenda
Ordinance O-2025-021

PDF of AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (SAWMILL BELLAMAH PROPERTIES PROJECT) IN THREE SERIES IN THE MAXIMUM PRINCIPAL AMOUNT OF $227,500,000 TO PROVIDE FUNDS TO ACQUIRE, CONSTRUCT, EQUIP, AND IMPROVE THREE INTERRELATED COMPONENTS WITHIN THE SAWMILL DISTRICT: (I) THE $76,300,000 SAWMILL HOTEL WITH AN ANTICIPATED 115 GUESTROOMS, 10 SUITES, RESTAURANTS, AND CONFERENCE/MEETING SPACE; (II) THE $70,400,000 CHACO RESIDENCES WITH AN ANTICIPATED 107 EXTENDED STAY GUESTROOMS, INCLUDING 8 SUITES, WELLNESS AREAS, RESTAURANTS AND CONFERENCE FACILITIES; AND (III) THE $80,800,000 SAWMILL MIXED USE DEVELOPMENT WITH AN ANTICIPATED 140 APARTMENTS WITH ENTERTAINMENT VENUES, RESTAURANTS AND RETAIL SPACE; AUTHORIZING THE EXECUTION AND DELIVERY OF INDENTURES, LEASE AGREEMENTS, BOND PURCHASE AGREEMENTS, BONDS, AND OTHER DOCUMENTS IN CONNECTION WITH EACH SERIES OF BONDS; 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.

Ordinance O-2025-021

PDF of AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (SAWMILL BELLAMAH PROPERTIES PROJECT) IN THREE SERIES IN THE MAXIMUM PRINCIPAL AMOUNT OF $227,500,000 TO PROVIDE FUNDS TO ACQUIRE, CONSTRUCT, EQUIP, AND IMPROVE THREE INTERRELATED COMPONENTS WITHIN THE SAWMILL DISTRICT: (I) THE $76,300,000 SAWMILL HOTEL WITH AN ANTICIPATED 115 GUESTROOMS, 10 SUITES, RESTAURANTS, AND CONFERENCE/MEETING SPACE; (II) THE $70,400,000 CHACO RESIDENCES WITH AN ANTICIPATED 107 EXTENDED STAY GUESTROOMS, INCLUDING 8 SUITES, WELLNESS AREAS, RESTAURANTS AND CONFERENCE FACILITIES; AND (III) THE $80,800,000 SAWMILL MIXED USE DEVELOPMENT WITH AN ANTICIPATED 140 APARTMENTS WITH ENTERTAINMENT VENUES, RESTAURANTS AND RETAIL SPACE; AUTHORIZING THE EXECUTION AND DELIVERY OF INDENTURES, LEASE AGREEMENTS, BOND PURCHASE AGREEMENTS, BONDS, AND OTHER DOCUMENTS IN CONNECTION WITH EACH SERIES OF BONDS; 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.