Description
Title: Submission of a Grant Application to the State of New Mexico Energy, Minerals and Natural Resources Department (EMNRD) for funding through the New Mexico Land and Water Conservation Grant Program
Summary
EC-26-77 is a legislative request from the City of Albuquerque's Parks and Recreation Department to seek approval for a grant application to the New Mexico Energy, Minerals and Natural Resources Department. The grant aims to secure $500,000 to partially fund the development of Crestview Bluffs Park, estimated to cost a total of $3,000,000. This project is essential for transforming a vacant property into a neighborhood park that will provide family-oriented recreational opportunities in an underserved area of Albuquerque. The project requires a local match of $500,000, sourced from General Obligation Bonds. If not approved, the city risks losing the grant funding, which would hinder progress on this vital community resource.