ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. O-21-1
ORDINANCE
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Authorizing the Execution and Delivery of a First Amendment to A Drinking Water State revolving Loan Fund Loan and Subsidy Agreement Authorized by Ordinance O-19-1 ("Loan Agreement") by and Between the Albuquerque Bernalillo County Water Utility Authority ("The Water Authority") and the New Mexico Finance Authority; Amending and expanding the Scope of the Project Financed by the Loan Agreement to Include the Construction of a Water Transmission line and all Appurtenances along Coors Blvd from Gun Club Rd to Pajarito Road; Extending the Twenty-Four (24) Month construction period in the Loan and Agreement by Seven (7) Months to Reflect a Completion Date of November 30, 2021; Amending Ordinance No. O-19-1 to Conform to the Provisions of this Ordinance; Approving the Form of and Other Details Concerning the First Amendment to the Loan Agreement; Ratifying Actions Heretofore Taken; Repealing all Action Inconsistent with this Ordinance; and Authorizing the Taking of Other Actions in Connection with the Execution and Delivery of the First Amendment to the Loan Agreement
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Capitalized terms used in the following preambles have the same meaning as defined in Section 1 of this 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 sanitary sewer system; and
WHEREAS, the Water Authority adopted Ordinance No. O-19-1 on March 20, 2019 (the "Original Ordinance") authorizing the Water Utility Authority to execute a Drinking Water State Revolving Loan Fund Loan and Subsidy Agreement for the Project defined in the Original Ordinance, as amended by this Or...
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