Notice of Publication Council Bill No. O-25-76
Bill No. O-25-76
Enactment No. O-2025-017
Sponsored By: Tammy Fiebelkorn
AUTHORIZING THE ISSUANCE AND SALE OF CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION BONDS, SERIES 2025, IN THREE SERIES IN A COLLECTIVE PAR AMOUNT NOT TO EXCEED $88,150,000, CONSISTING OF (I) $59,840,000 GENERAL PURPOSE GENERAL OBLIGATION BONDS, SERIES 2025A, (II) $5,310,000 GENERAL OBLIGATION STORM SEWER BONDS, SERIES 2025B, AND (III) $23,000,000 SHORT-TERM GENERAL OBLIGATION BONDS, TAXABLE SERIES 2025C (THE SERIES 2025A BONDS, SERIES 2025B BONDS AND SERIES 2025C BONDS, COLLECTIVELY, ARE REFERRED TO AS THE “SERIES 2025 BONDS”), AUTHORIZED AT AN ELECTION OF THE CITY HELD ON NOVEMBER 7, 2023 TO FINANCE PROJECTS RELATING TO PUBLIC SAFETY, CITIZENS’ CENTERS AND COMMUNITY ENHANCEMENT, PARKS AND RECREATION, ENERGY/WATER CONSERVATION, FACILITIES AND EQUIPMENT, LIBRARY, MUSEUM AND CULTURAL FACILITIES, STORM SEWERS, STREETS AND TRANSPORTATION; PROVIDING FOR THE LEVY AND COLLECTION OF AD VALOREM TAXES FOR THE PAYMENT OF THE SERIES 2025 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2025 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE FORMS, TERMS, PURCHASE, PAYMENT, EXECUTION AND OTHER PROVISIONS OF AND CONCERNING THE SERIES 2025 BONDS; AUTHORIZING THE SALE OF THE SERIES 2025C BONDS TO THE STATE OF NEW MEXICO; PRESCRIBING OTHER DETAILS IN CONNECTION WITH THE SERIES 2025 BONDS AND THE PAYMENT THEREOF; AND RATIFYING PRIOR ACTION TAKEN IN CONNECTION THEREWITH.