Description
Title: Amending The City Of Albuquerque Component Capital Implementation Program To Include A Storm Drain Facilities Improvement Project, Backbone Subdivision (Peña)
Summary
The City of Albuquerque's Council Bill R-26-3, sponsored by Klarissa J. Peña, aims to amend the Component Capital Implementation Program by including a storm drain facilities improvement project in the Backbone Subdivision. This initiative is necessitated by increased stormwater discharge from new residential developments in the area, ensuring adequate drainage capacity. The bill facilitates the collection of impact fees from private developers to fund these improvements, as authorized by New Mexico's Development Fees Act. The project is estimated to cost approximately $3.75 million, with a request for nearly $2.96 million in impact fee credits from the city. This legislation is crucial for managing infrastructure demands as Albuquerque continues to grow, ultimately enhancing public safety and environmental protection.