Notice of Publication Council Bill No. O-26-20

Council Bill No: O-26-20

Enactment No: O-2026-015

Sponsored By: Renee Grout

ORDINANCE

AUTHORIZING THE ISSUANCE AND SALE OF CITY OF ALBUQUERQUE, NEW MEXICO GENERAL OBLIGATION BONDS, SERIES 2026, IN THREE SERIES IN A COLLECTIVE PAR AMOUNT NOT TO EXCEED $89,610,000, CONSISTING OF (I) $56,360,000 GENERAL OBLIGATION GENERAL PURPOSE BONDS, SERIES 2026A, (II) $8,250,000 GENERAL OBLIGATION STORM SEWER BONDS, SERIES 2026B, AND (III) $25,000,000 SHORT-TERM GENERAL OBLIGATION BONDS, TAXABLE SERIES 2026C (THE SERIES 2026A BONDS, SERIES 2026B BONDS AND SERIES 2026C BONDS, COLLECTIVELY, ARE REFERRED TO AS THE “SERIES 2026 BONDS”), AUTHORIZED AT AN ELECTION OF THE CITY HELD ON NOVEMBER 4, 2025 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 PUBLIC TRANSPORTATION; PROVIDING FOR THE LEVY AND COLLECTION OF AD VALOREM TAXES FOR THE PAYMENT OF THE SERIES 2026 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2026 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE FORMS, TERMS, PURCHASE, PAYMENT, EXECUTION AND OTHER PROVISIONS OF AND CONCERNING THE SERIES 2026 BONDS; AUTHORIZING THE SALE OF THE SERIES 2026C BONDS TO THE STATE OF NEW MEXICO; PRESCRIBING OTHER DETAILS IN CONNECTION WITH THE SERIES 2026 BONDS AND THE PAYMENT THEREOF; AND RATIFYING PRIOR ACTION TAKEN IN CONNECTION THEREWITH.