ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. F/S O-14-2 |
ORDINANCE
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Authorizing the Issuance and Sale of Albuquerque Bernalillo County Water Utility Authority (the "Water Authority") Senior Lien Joint Water and Sewer System Refunding Revenue Bonds, Series 2014A in the Principal Amount of $98,420,000 (the "SERIES 2014A BONDS") for the Purpose of Refunding (i) A Portion of the Outstanding Joint Water and Sewer System New Mexico Finance Authority Public Project Revolving Fund Loan Agreement (2005) and (ii) a Portion of the Outstanding Series 2006A Bonds; Authorizing the Issuance and Sale of Albuquerque Bernalillo County Water Utility Authority Subordinate Lien Joint Water and Sewer System Refunding Revenue Bonds, Series 2014B in the Principal Amount of $88,585,000 (the "SERIES 2014B BONDS" and Together with the Series 2014A Bonds, the "Bonds") for the Purposes of Refunding (i) a Portion of the Outstanding Series 2005 Bonds and (ii) the Outstanding 2001 New Mexico Environment Department Loan; 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; Amending the Water Authority's Water and Sewer Rate Ordinance No. O-14-1 and Ordinance No. F/S O-08-4; and Ratifying Action Previously Taken.
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Capitalized terms used in the following preambles are defined in Section 1 of this Bond Ordinance, 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 Sys...
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