Notice of Publication Council Bill O-24-4

Council Bill No. O-24-4

Enactment No. O-2024-006

Sponsored By: Klarissa Pena

ORDINANCE

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.