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Notice of Publication

City of Albuquerque Twenty-Fourth Council

Council Bill No. O-21-56

Enactment No. O-2021-008

Sponsored By: Councilor Benton

ORDINANCE

APPROVING A PROJECT INVOLVING EL ENCANTO, INC., D/B/A BUENO FOODS, PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE CONSTRUCTION AND IMPROVEMENT OF A FREEZER WAREHOUSE FOR A FOOD PRODUCTION COMPANY LOCATED IN ALBUQUERQUE, NEW MEXICO; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.

 

Council Bill No. F/S O-21-58

Enactment No. O-2021-009

Sponsored By: Councilor Bassan

ORDINANCE

AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO INDUSTRIAL REVENUE BOND (AFFORDABLE SOLAR PROJECT) SERIES 2021 IN THE MAXIMUM PRINCIPAL AMOUNT OF $7,578,000 TO PROVIDE FUNDS TO FINANCE THE ACQUISITION, RENOVATION, DEVELOPMENT, IMPROVEMENT AND EQUIPPING OF A FACILITY FOR A RENEWABLE ENERGY PRODUCTION AND STORAGE TECHNOLOGY RESEARCH AND DEVELOPMENT COMPANY; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, LEASE AGREEMENT, BOND PURCHASE AGREEMENT, BOND, 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.