COMMERCIAL PROPERTY means all privately-owned property that is nonresidential within the meaning of NMSA § 7-35-2(G), and also residential property that is an apartment house under § 14-3-1-4 of Albuquerque ordinances with ten or more units, but shall not include residential property that is a condominium.
A renewable energy financing district, to be known as the Albuquerque Renewable Energy Financing District, is formed in the City of Albuquerque with the powers provided for such a district in the Act, except as specifically limited by this article.
The District shall serve the purpose of encouraging, accommodating and financing renewable energy improvements pursuant to the Act and this article.
(Ord. 2018-028)