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Notice of Publication Council Bill No. O-24-66

City of Albuquerque Twenty Sixth Council
January 17, 2025

Council Bill No. O-24-66

Enactment No. O-2025-003

Sponsored By: Renee Grout, by request

ORDINANCE

APPROVING A PROJECT INVOLVING SOLAERO TECHNOLOGIES CORPORATIONPURSUANT 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 EXPANSION AND MODERNIZATION OF SOLAERO’S COMPOUND SEMICONDUCTOR MANUFACTURING CAPABILITY AND CAPACITY THAT IS BOTH SUFFICIENT TO MEET RAPIDLY GROWING GLOBAL DEMAND AND A SIGNIFICANT IMPROVEMENT OF THE OVERALL ECONOMICS OF COMPOUND SEMICONDUCTOR PRODUCTION AT SOLAERO; 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.