Skip to content | Skip to navigation
I. The Ordinance Establishing the Urban Enhancement Trust Fund
A. Title: The Urban Enhancement Trust Fund Ordinance, Chapter 4, Article 2: City Funds, Revised Ordinances of Albuquerque 2004.
B. Intent: The Ordinance was introduced and approved by the Albuquerque City Council in 1983. "The intent is to create an Urban Enhancement Trust Fund (UETF) to enhance and enrich the culture of the city. The principal of the fund shall be maintained intact with the earned interest used to enrich the city’s cultural life." (Ordinance)
C. Definitions: The following definitions are derived from different sources and are referenced as follows: (Ordinance), (Guidelines). The source appears at the end of the reference.
II. Goals for the Urban Enhancement Trust Fund Program
In developing the Urban Enhancement Trust Fund Program, the UETF Committee and the Administration of the City have established these goals to guide the Program.
III. The Urban Enhancement Trust Fund Committee
A. Membership: Established by the UETF ordinance and governed by the Albuquerque City Charter provisions regarding citizen advisory boards, commissions and committees, the Urban Enhancement Trust Fund Committee consist of eleven members. At least one of these citizens shall reside in each of the nine Council districts, and two shall be members at large. All appointments shall be for terms of three years. Terms may be renewed once unless the appointment is to fill a vacancy. The Urban Enhancement Trust Fund Committee is responsible for formulation and implementation of the Two-Year Cycle. The UETF Committee is also responsible for establishing guidelines that are necessary to carry out the intent of the Ordinance.
B. Duties: The UETF Committee shall develop criteria for project selection for each Two-Year Cycle; publicize application forms, instructions and criteria; accept applications written by eligible organizations; process and rank eligible proposals; and, forward final recommendations for funding to the Environmental Planning Commission and then to the Mayor as part of the Decade Plan approval process. When the Two-Year Cycle is approved, Committee members will serve as project liaisons for each funded project, to provide oversight throughout the two years.
IV. Program Administration
Public Art Program staff of the City’s Capital Implementation Program, Department of Municipal Development (CIP/DMD) shall administer the Urban Enhancement Trust Fund Program. Staff is responsible for implementing the guidelines and City administrative procedures in order to achieve the recommendations of the UETF Committee. Staff is responsible for the administration and development of the application and selection phase; processing and compiling comments/recommendations for the UETF committee; negotiating contracts with each funded organization, administration of invoices and payments, and for receipt of documentation and final reports covering each project.
V. Reprogramming of Funds
The UETF Committee and City staff shall review programmed allocations of Trust Fund monies for possible reprogramming, coinciding with the scheduled updates of the City’s Capital Improvement Program, and shall recommend to the Mayor and City Council the reallocation and apportionment of those monies.
ADOPTED February 6, 2004