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Albuquerque General Obligation Bonds

For information on APS and CNM Bond questions, please see https://www.lwvcnm.org/2019-voter-guide-to-municipal-election/aps-and-cnm-ballot-questions/


The City of Albuquerque is asking voters to authorize the issuance of General Obligation (GO) bonds for the 2019 Two-year Capital Improvements Program totaling $128,500,000.  The City has grouped the projects to be funded with the bonds according to their general purposes and the grouping has resulted in eleven (11) ballot questions for voters.

GO bonds are grouped by purpose so that voters have the option of approving funding for one purpose and not another.  Projects listed within a particular purpose constitute a plan, approved by the City Council, to spend GO bond funds after those funds are approved by the voters. Funding for projects identified within one purpose may be reallocated to another project within the same purpose, provided that any such reallocation is approved by law.

A bond represents a debt for money borrowed by a government to finance capital improvement projects. The government promises to repay the amount borrowed, plus interest, over a period of time. The bonds are called “General Obligation” because payment of the debt service (principal plus interest) is a general obligation of the City and its property owners. GO bonds require approval by the voters. The GO bonds issued by the City are paid from property tax revenues. Because old bonds are retired as the new bonds are requested, passage of the bonds will generally not result in a property tax increase.

If you have any questions, would like a hard copy of the 2019 GO bond ballot questions, including all projects that would be included in each bond question, or your group would like a presentation on the capital program, contact Mark M. Motsko, CIP Official, at 505-768-3830 or e-mail mmotsko@cabq.gov

Bond Question No. 1. PUBLIC SAFETY BONDS

Shall the City of Albuquerque issue $8,590,000 of its general obligation bonds to plan, design, develop, study, construct, modernize, automate, renovate, rehabilitate, recondition, landscape, furnish, enhance and otherwise improve, and to acquire land, buildings, property, vehicles, apparatus, and equipment for, police and fire department facilities?

Details of Bond Question 1: Public Safety Bonds (PDF)

Bond Question No. 2: SENIOR, FAMILY, COMMUNITY CENTER, THE HOMELESS AND COMMUNITY ENHANCEMENT BONDS

Shall the City of Albuquerque issue $21,705,000 of its general obligation bonds to plan, design, develop, construct, demolish, equip, reconstruct, renovate, rehabilitate, expand, repair, study, landscape, streetscape, enhance and otherwise improve, and to acquire property for, city-owned community centers including those for families, youth, senior citizens, the homeless, and for other community enhancement projects?

Details of Bond Question 2: Senior, Family, Community (PDF)

Bond Question No. 3: PARKS AND RECREATION BONDS

Shall the City of Albuquerque issue $16,830,000 of its general obligation bonds to study, map, plan, design, develop, construct, rehabilitate, renovate, expand, furnish, equip, enhance and otherwise improve, and to acquire property, vehicles and equipment for park and recreational facilities, including public parks and facilities within those parks, swimming pools, tennis courts, sports fields, other recreational facilities, open space, medians, bikeways, bosque lands, and trails?

Details of Bond Question No. 3: Parks and Recreation (PDF)

Bond Question No. 4: ENERGY AND WATER CONSERVATION, PUBLIC FACILITIES AND SYSTEM MODERNIZATION BONDS

Shall the City of Albuquerque issue $10,420,000 of its general obligation bonds to modernize, make energy and/or water-efficient, upgrade, equip, improve, acquire, plan, design, survey, develop, construct, rehabilitate, renovate, expand, furnish, enhance and otherwise improve, and to acquire property, vehicles and equipment for, public buildings, facilities, and systems?

Details of Bond Question No. 4: Energy and Water Conservation (PDF)

Bond Question No. 5: LIBRARY BONDS

Shall the City of Albuquerque issue $8,765,000 of its general obligation bonds to acquire property, study, plan, design, develop, construct, reconstruct, renovate, rehabilitate, modernize, preserve, automate, upgrade, landscape and otherwise improve, and to acquire books, media, and equipment for, public libraries?

Details of Bond Question No. 5: Library Bonds (PDF)

Bond Question No. 6. STREET BONDS

Shall the City of Albuquerque issue $32,930,000 of its general obligation bonds to study, plan, design, develop, construct, reconstruct, rehabilitate, renovate, automate, modernize, sign, enhance, landscape and otherwise improve, and to acquire property and equipment for municipal streets and roads, interstate roadways and interchanges, medians, trails, bikeways, walkways, sidewalks, railroad crossings, and bridges?

Details of Bond Question No. 6: Street Bonds (PDF)

Bond Question No. 7. PUBLIC TRANSPORTATION BONDS

Shall the City of Albuquerque issue $3,130,000 of its general obligation bonds to plan, design, develop, construct, rehabilitate, renovate, expand, recondition, modernize, automate, study, furnish, enhance and otherwise improve, and to acquire property, vehicles, and equipment for public transportation facilities?

Details of Bond Question No. 7: Public Transportation (PDF)

Bond Question No. 8. STORM SEWER SYSTEM BONDS

Shall the City of Albuquerque issue $11,210,000 of its general obligation bonds to plan, design, develop, construct, reconstruct, rehabilitate, renovate, expand, extend, enhance, study, monitor and otherwise improve, and to acquire property and equipment for the storm sewer system?

Details of Bond Question No. 8: Storm Sewer System (PDF)

Bond Question No. 9. MUSEUM AND CULTURAL FACILITIES BONDS

Shall the City of Albuquerque issue $1,790,000 of its general obligation 18 bonds to study, plan, design, develop, construct, reconstruct, rehabilitate, renovate, repair, refurbish, modernize, preserve, maintain, expand, enhance, landscape and otherwise improve, and to acquire artifacts, exhibits, furnishings and equipment for City-owned museums and cultural facilities?

Details of Bond Question No. 9: Museum and Cultural Facilities (PDF)

Bond Question No. 10. AFFORDABLE HOUSING BONDS

Shall the City of Albuquerque issue $5,050,000 of its general obligation bonds in support of the Workforce Housing Act to provide resources for the construction and rehabilitation of high quality, permanently affordable housing for low to moderate working families, including affordable senior rental?

Details of Bond Question No. 10: Affordable Housing (PDF)

Bond Question No. 11. METROPOLITAN REDEVELOPMENT BONDS

Shall the City of Albuquerque issue $8,080,000 of its general obligation bonds to plan, design, study, construct, develop, demolish, reconstruct, rehabilitate, renovate, modernize, preserve, secure, expand, equip, landscape, streetscape, repair, enhance, acquire or otherwise improve non-right of way and right of way land, property, facilities or infrastructure owned by the City of Albuquerque for Metropolitan Redevelopment Projects within adopted Metropolitan Redevelopment Areas in order to implement the objectives of the New Mexico Metropolitan Redevelopment Code?

Details of Bond Question No. 11: Metropolitan Redevelopment (PDF)