Notice of Publication Council Bill No. O-26-18
City of Albuquerque Twenty Seventh Council
Council Bill No. O-26-18
Enactment No. O-2026-012
Sponsored By: Renee Grout
AUTHORIZING THE ISSUANCE AND SALE OF THE CITY OF ALBUQUERQUE, NEW MEXICO GROSS RECEIPTS TAX REFUNDING REVENUE BONDS, SERIES 2026A IN THE MAXIMUM PRINCIPAL AMOUNT OF $38,025,000 TO FINANCE THE (1) THE COST OF REFUNDING THE CITY’S OUTSTANDING GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2015A AND OUTSTANDING GROSS RECEIPTS TAX IMPROVEMENT REVENUE BONDS, SERIES 2016C; AND (2) PAYING EXPENSES RELATED THERETO; PROVIDING FOR THE PAYMENT OF THE SERIES 2026A BONDS FROM STATE-SHARED GROSS RECEIPTS TAX REVENUES; PROVIDING FOR THE COLLECTION OF STATE-SHARED GROSS RECEIPTS TAX REVENUES; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2026A BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE TERMS AND OTHER DETAILS CONCERNING THE SERIES 2026A BONDS; PROVIDING FOR CERTAIN DOCUMENTS PERTAINING TO THE SERIES 2026A BONDS; RATIFYING ACTION PREVIOUSLY TAKEN; REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE; AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE AND SALE OF THE SERIES 2026A BONDS.