ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. O-15-2_______
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 AND IMPROVEMENT REVENUE BONDS, SERIES 2015 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $275,000,000 (THE "SERIES 2015 BONDS" OR THE "BONDS") TO BE ISSUED IN ONE OR MORE SERIES FOR THE PURPOSE OF REFUNDING, REFINANCING AND DEFEASING CERTAIN OUTSTANDING OBLIGATIONS OF THE WATER AUTHORITY AND FOR THE PURPOSE OF ACQUIRING ADDITIONAL SYSTEM ASSETS, EXTENDING, REPAIRING, REPLACING AND IMPROVING THE WATER AUTHORITY'S JOINT WATER AND SEWER SYSTEM; 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; AND RATIFYING ACTION PREVIOUSLY TAKEN.
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Capitalized terms used in the following preambles are defined in Section 1 of this Bond Parameters 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 System as a joint public utility water and sewer system; and
WHEREAS, the Water Authority is obligated on the following Senior Obligations, payable from Net Revenues, Outstanding on the date of the adoption of this Ordinance in the following principal amounts:
Amount
Series Outstanding
2005 $ 10,355,000
2006A $ 13,505,000
2008A $ 55,630,000
2009 $114,890,000
2013A&B $116,215,000
2014A $ 97,27...
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