ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-25-24
RESOLUTION
t
Authorizing the Issuance and Sale of Albuquerque Bernalillo County Water Utility Authority (Water authority) Senior Lien Joint Water and Sewer System Improvement and Refunding Revenue Bonds, Series 2025 in an Aggregate Principal Amount Not to Exceed $180,885,000 (The Bonds) to Be Issued In One Or More Series For the Purpose of Acquiring Additional System Assets, and Extending, Repairing, Replacing and Improving the Water Authority's Joint Water and Sewer System (The system) and Refunding, Refinancing and Defeasing Certain Outstanding Obligations of the Water Authority; Providing For the Disposition of, and Other Details Relating to, the Revenues From the Operation of the System Including the Payment of Debt Service On System Obligations; Determining Certain Terms and the Method of Determining Other Terms Concerning The Bonds; Providing for the Approval of Various Agreements and Disclosure Documents Relating to The Bonds; Delegating Authority to the Delegate to Execute and Deliver a Bond Purchase Agreement for the Sale of The Bonds to the Underwriters Pursuant to the Supplemental Public Securities Act; and Ratifying Action Previously Taken
b
Capitalized terms used in the following preambles are defined in Section 1 of this Bond Resolution, unless the context requires otherwise.
WHEREAS, the Water Authority is a legally and regularly created, established, organized and existing public body politic and corporate, separate and apart from the City and the County, under the general laws of the State; and
WHEREAS, the Water Authority owns, operates and maintains the System as a joint public utility water and sewer system; and
WHEREAS, the Water Authority is obligated on the Senior Obligations set forth in Exhibit A, payable from Net Revenues with a lien on Net Revenues senior to the Subordinate Obligations and the Super Subordinate Obligations, Outstanding on the date of t...
Click here for full text