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Notice of Publication Council Bill No. O-24-51

City of Albuquerque Twenty Sixth Council
November 19, 2024

Council Bill No. O-24-51

Enactment No. O-2024-037

Sponsored By: Nichole Rogers

ORDINANCE

APPROVING A PROJECT INVOLVING KAIROS POWER, LLC 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 ACQUISITION, RENOVATION, DEVELOPMENT, AND IMPROVEMENT OF RESEARCH AND DEVELOPMENT FACILITIES 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 INCLUDING THE APPROPRIATION OF FUNDS; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.