City Council, April 6, 2026
Approves Manta Space LIDA Economic Development Agreement (O-19), unanimous
What happened
The Albuquerque City Council meeting on April 6, 2026 focused heavily on capital project indirect overhead (IDOH) regulations, passing O-3 which establishes a 2.75% baseline rate for charging administrative costs to general obligation bonds and state capital outlay projects.
- Jurisdiction
- Albuquerque, NM
- Governing body
- Final authority
- Date
- April 6, 2026
- Decisions
- 9 zoning decisions
- Outcome
- Approved, unanimous
Projects in this meeting (2)
Each is its own project; some span multiple hearingsLUHO Appeal Cost Criteria
Approved 5-4Manta Space LIDA Economic
ApprovedFree sample: decision 1 of 9
Capital Program IDOH Rate Ordinance (O-3)
Established 2.75% baseline indirect overhead rate for GO bonds and state capital outlay, with requirements for annual audits by Office of Internal Audit, prohibition on additional administrative fees beyond calculated IDOH, and transparency reporting requirements. Multiple amendments adopted including audit requirements and prohibition on charging fees outside calculated rate.
- Annual audit by Office of Internal Audit required; no additional administrative costs beyond calculated IDOH rate; administration must justify any rate above 2.75% baseline
The other decisions are listed below by title. The full write-up, verbatim conditions, and the audio at each vote are in Pro.
Meeting Summary
The Albuquerque City Council meeting on April 6, 2026 focused heavily on capital project indirect overhead (IDOH) regulations, passing O-3 which establishes a 2.75% baseline rate for charging administrative costs to general obligation bonds and state capital outlay projects.
Key Decisions (9)
Capital Program IDOH Rate Ordinance (O-3)
Ranked Choice Voting Ordinance (O-13)
Manta Space LIDA Economic Development Agreement (O-19)
GRT Refunding Revenue Bonds Series 2026A (O-18)
San Pedro Complete Streets Project Funding (R-14)
LUHO Appeal Cost Criteria Amendment (O-10)
Bands of Enchantment Funding (R-12)
ACS Director Charter Amendment Proposition (P-1)
Housing Voucher Program Extension (R-11)
Zoning Changes (1)
Development Activity (1)
Manta Space Headquarters and Manufacturing Facility
Industrial
Market Signals (4)
Commercial Demand
Manta Space chose Albuquerque over Atlanta, Austin, and LA for…
Housing Demand
City unable to complete Juniper Flats hotel conversion project (200…
Infrastructure
Council debating significant transit cuts with 52 positions proposed for…
Sentiment
City economist reported January GRT growth at 2.7% with cumulative…
Meeting Intelligence Preview
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