Notice of Publication Council Bill No. O-24-65
Council Bill No. O-24-65
Enactment No. O-2025-002
Sponsored By: Renee Grout, by request
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (SOLAERO TECHNOLOGIES PROJECT) SERIES 2025 IN THE MAXIMUM PRINCIPAL AMOUNT OF $72,600,000 TO PROVIDE FUNDS TO EXPAND AND MODERNIZE SPACE-GRADE SOLAR CELL MANUFACTURING CAPABILITIES; 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.