{"MatterId":14761,"MatterGuid":"9317FA71-F0C2-43D2-9B58-4DDFAC677C0D","MatterLastModifiedUtc":"2026-07-22T16:03:49.033","MatterRowVersion":"AAAAAADOoSU=","MatterFile":"O-26-20","MatterName":null,"MatterTitle":"F/S 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 (Grout, by request)","MatterTypeId":1,"MatterTypeName":"Ordinance","MatterStatusId":20,"MatterStatusName":"Enacted","MatterBodyId":1,"MatterBodyName":"City Council","MatterIntroDate":"2026-03-16T00:00:00","MatterAgendaDate":null,"MatterPassedDate":"2026-04-20T00:00:00","MatterEnactmentDate":"2026-04-29T00:00:00","MatterEnactmentNumber":"O-2026-015","MatterRequester":null,"MatterNotes":null,"MatterVersion":"4","MatterCost":null,"MatterText1":null,"MatterText2":null,"MatterText3":null,"MatterText4":null,"MatterText5":null,"MatterDate1":"2026-05-08T00:00:00","MatterDate2":"2026-05-13T00:00:00","MatterEXText1":"CC 4/20/26 (lr)\r\n\r\nBrief Summary: This bill proposes to authorize the issuance and sale of up to $89,610,000 in City of Albuquerque General Obligation (GO) Bonds, Series 2026, consisting of three series: $56,360,000 in General Purpose GO Bonds (Series 2026A), $8,250,000 in Storm Sewer GO Bonds (Series 2026B), and $25,000,000 in Short-Term Taxable GO Bonds (Series 2026C). The bonds were previously authorized by voters at the November 4, 2025 municipal election and will fund capital improvement projects across multiple program areas including public safety, parks, streets, libraries, transit, storm sewers, and cultural facilities.\r\n\r\nAnalysis: The ordinance authorizes the City to issue a portion of voter-approved GO bonds from the 2025 election to finance capital projects identified in the City’s Capital Improvement Program (CIP). The total issuance is structured into three series: long-term bonds (Series 2026A and 2026B) to be sold through a competitive sale, and a short-term taxable bond (Series 2026C) to be privately placed with the State of New Mexico.\r\n\r\nThe ordinance outlines project-level allocations including $28.75 million for streets, $12.1 million for parks and recreation, $10.5 million for public safety, $9.8 million for community centers, $10.38 million for facilities and energy/water conservation, $8.25 million for storm sewer infrastructure, and smaller allocations for libraries, transit, and cultural facilities.\r\n\r\nFiscal Impact: The total authorized issuance is up to $89,610,000, funded through GO bond proceeds supported by property tax revenues. Debt service will be paid from Fund 415 (Debt Service Fund), with the general fund available to cover any shortfall if property tax revenues are insufficient.\r\n\r\nThe Series 2026C bonds function as short-term financing, resulting in approximately $429,000 in interest costs in FY26 while deferring principal repayment to FY27.\r\n\r\nKey Dates: The Series 2026A and 2026B bonds are anticipated to be sold via competitive sale on May 6, 2026, with closing on or about May 27, 2026. The Series 2026C bonds are expected to be placed with the State of New Mexico on or about June 30, 2026, with maturity on July 1, 2026.\r\n\r\nThe ordinance also establishes that no bonds authorized by the 2025 election may be issued after November 4, 2029, unless otherwise permitted by statute. (4 years from the date of the election.)\r\n\r\nComments: The ordinance contains all standard bond ordinance components. \r\n\r\nNot all voter-authorized bond categories from the 2025 election are included in this issuance, indicating these categories may be deferred to a future bond sale. These include Affordable Housing and Metropolitan Redevelopment.\r\n\r\nCommittee Update: This item was recommended for Do Pass by the Finance & Government Operations Committee on April 13, 2026, on a vote of 5:0.\r\n\r\nFGO 4/13/26 (lr)\r\n\r\nBrief Summary: This bill proposes to authorize the issuance and sale of up to $89,610,000 in City of Albuquerque General Obligation (GO) Bonds, Series 2026, consisting of three series: $56,360,000 in General Purpose GO Bonds (Series 2026A), $8,250,000 in Storm Sewer GO Bonds (Series 2026B), and $25,000,000 in Short-Term Taxable GO Bonds (Series 2026C). The bonds were previously authorized by voters at the November 4, 2025 municipal election and will fund capital improvement projects across multiple program areas including public safety, parks, streets, libraries, transit, storm sewers, and cultural facilities.\r\n\r\nAnalysis: The ordinance authorizes the City to issue a portion of voter-approved GO bonds from the 2025 election to finance capital projects identified in the City’s Capital Improvement Program (CIP). The total issuance is structured into three series: long-term bonds (Series 2026A and 2026B) to be sold through a competitive sale, and a short-term taxable bond (Series 2026C) to be privately placed with the State of New Mexico.\r\n\r\nThe ordinance outlines project-level allocations including $28.75 million for streets, $12.1 million for parks and recreation, $10.5 million for public safety, $9.8 million for community centers, $10.38 million for facilities and energy/water conservation, $8.25 million for storm sewer infrastructure, and smaller allocations for libraries, transit, and cultural facilities.\r\n\r\nFiscal Impact: The total authorized issuance is up to $89,610,000, funded through GO bond proceeds supported by property tax revenues. Debt service will be paid from Fund 415 (Debt Service Fund), with the general fund available to cover any shortfall if property tax revenues are insufficient.\r\n\r\nThe Series 2026C bonds function as short-term financing, resulting in approximately $429,000 in interest costs in FY26 while deferring principal repayment to FY27.\r\n\r\nKey Dates: The Series 2026A and 2026B bonds are anticipated to be sold via competitive sale on May 6, 2026, with closing on or about May 27, 2026. The Series 2026C bonds are expected to be placed with the State of New Mexico on or about June 30, 2026, with maturity on July 1, 2026.\r\n\r\nThe ordinance also establishes that no bonds authorized by the 2025 election may be issued after November 4, 2029, unless otherwise permitted by statute. (4 years from the date of the election.)\r\n\r\nComments: The ordinance contains all standard bond ordinance components. \r\nNot all voter-authorized bond categories from the 2025 election are included in this issuance, indicating these categories may be deferred to a future bond sale. These include Affordable Housing and Metropolitan Redevelopment.","MatterEXText2":"Laura Rummler","MatterEXText3":null,"MatterEXText4":null,"MatterEXText5":null,"MatterEXText6":null,"MatterEXText7":null,"MatterEXText8":null,"MatterEXText9":null,"MatterEXText10":null,"MatterEXText11":null,"MatterEXDate1":null,"MatterEXDate2":null,"MatterEXDate3":null,"MatterEXDate4":null,"MatterEXDate5":null,"MatterEXDate6":null,"MatterEXDate7":null,"MatterEXDate8":null,"MatterEXDate9":null,"MatterEXDate10":null,"MatterAgiloftId":0,"MatterReference":"27","MatterRestrictViewViaWeb":false,"MatterReports":[]}