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Los Lunas adopts Ordinance 486 to support Greater Kudu data center expansion
Summary
The board unanimously adopted Ordinance 486, a Local Economic Development Act project that authorizes public support from certain local gross receipts tax revenues to aid Greater Kudu, LLC's expansion of its data center in Los Lunas and Valencia County.
The Board of Trustees on March 12 adopted Ordinance 486, approving a Local Economic Development Act (LEDA) project to provide targeted public support for the expansion of Greater Kudu, LLC’s existing data center in the Village of Los Lunas and Valencia County.
Ms. Jill Sweeney presented the ordinance describing it as a LEDA project that would provide "public support for expansion of the Company’s existing data center within the Village of Los Lunas and Valencia County from certain local gross receipts tax revenues generated by construction of the Project." Councilor James Runyon moved to approve Ordinance 486; Councilor Christopher Ortiz seconded and the measure passed 4–0.
The minutes do not record the exact dollar value or rebate schedule for the LEDA support; the ordinance under consideration and the village's LEDA plan will contain implementation details and any conditions. The council approved the ordinance as presented; staff and legal counsel will carry out required steps under the LEDA plan and the Local Economic Development Act to implement the project.
