Notice of Publication Council Bill No. O-25-79
Council Bill No. O-25-79
Enactment No. O-2025-013
Sponsored By: Joaquin Baca
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BOND (GELTMORE KARSTEN PROJECT), SERIES 2025 IN THE MAXIMUM PRINCIPAL AMOUNT OF $5,600,000 TO PROVIDE FUNDS TO ACQUIRE, RENOVATE, IMPROVE AND EQUIP A 56,000 SQUARE FOOT BUILDING TO BE LEASED FOR VARIOUS MANUFACTURING PURPOSES; 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.