File #: R-23-1    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 2/3/2023 In control: Albuquerque Bernalillo County Water Utility Authority
On agenda: 2/8/2023 Final action: 2/8/2023
Title: Amending Resolution R-22-17 to Clarify that the Sale of Property Located at the Southwest Corner of 2nd Street and Rio Bravo Boulevard is Subject to Approval of the New Mexico State Board of Finance
Sponsors: Albuquerque Bernalillo County Water Utility Author
Attachments: 1. R-23-1

ALBUQUERQUE BERNALILLO COUNTY

WATER UTILITY AUTHORITY

 

 

BILL NO.                          R-23-1           |

 

 

RESOLUTION

t

Amending Resolution R-22-17 to Clarify that the Sale of Property Located at the Southwest Corner of 2nd Street and Rio Bravo Boulevard is Subject to Approval of the New Mexico State Board of Finance

b

WHEREAS, on May 16, 2022, the Water Authority Governing Board declared the property at 2nd Street and Rio Bravo Boulevard surplus and, in compliance with the Board’s Resolution, the Executive Director has negotiated a sales agreement which proposes to convey the property to YES Housing, a non-profit developer, to use the site for development to include affordable housing; and

WHEREAS, the New Mexico State Board of Finance is required to review and approve the sale of public property:

WHEREAS, The New Mexico Board of Finance approved the sale of the subject property on January 18, 2023, subject to the Board adopting a resolution specifically stating that the sale was subject to meeting the standards of the Board of Finance. 

BE IT RESOLVED BY THE WATER AUTHORITY:

Section 1. That the Executive Director is authorized to revise any negotiated agreement for the sale of the property to satisfy the standards of the State Board of Finance.