Council Bill No. O-24-34 Notice of Publication
Council Bill No. O-24-34
Enactment No. O-2024-027
Sponsored by: Klarissa Pena
AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF CITY OF ALBUQUERQUE, NEW MEXICO MUNICIPAL INFRASTRUCTURE GROSS RECEIPTS TAX REVENUE BONDS, SERIES 2024 IN A PRINCIPAL AMOUNT NOT TO EXCEED $9,250,000 (THE “SERIES 2024 BONDS”) TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING AND IMPROVING ENERGY EFFICIENCY PROJECTS ASSOCIATED WITH CITY FACILITIES AND PAYING EXPENSES RELATED TO ISSUANCE OF THE SERIES 2024 BONDS; PROVIDING FOR THE PAYMENT OF THE BONDS FROM THE REVENUES OF THE 1/16 OF ONE PERCENT (0.0625%) INCREMENT OF MUNICIPAL INFRASTRUCTURE GROSS RECEIPTS TAX IMPOSED ON ALL PERSONS ENGAGING IN BUSINESS IN THE CITY PURSUANT TO SECTION 7-19D-11 NMSA 1978 AND CITY ORDINANCE NO. 14-1992 ADOPTED MARCH 16, 1992; PROVIDING OTHER DETAILS CONCERNING THE BONDS AND THE SERIES 2024 BONDS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE SALE OF THE SERIES 2024 BONDS PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE TERMS AND OTHER DETAILS CONCERNING THE SERIES 2024 BONDS; APPROVING CERTAIN DOCUMENTS PERTAINING TO THE SERIES 2024 BONDS; MAKING CERTAIN APPROPRIATIONS; AND RATIFYING CERTAIN ACTIONS PREVIOUSLY TAKEN.