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PASEO GATEWAY A Master Planned Community in RIO RANCHO, NEW MEXICO • Paseo Gateway is a master planned community within the City of Rio Rancho, New Mexico consisting of approximately 1030 acres of multiple use zoned land. It is centrally located in the community and has good access via Paseo Del Volcan, a new limited access roadway, planned to connect NM State Road 550 to I-40. The first phase of construction on the south side of Paseo Gateway is complete from Iris Rd. west past the new City Centre to Unser Blvd. Phase two from Iris to NMSR 550 is scheduled for completion in 2010. Rio Rancho Public Schools owns approximately 140 acres within the area on which they are now building Rio Rancho’s second High School, a $109,000,000 facility scheduled to open in 2009. AMREP Corporation owns approximately 300 acres of land and the balance of approximately 590 acres is owned by the State of New Mexico through the State land Office and the NM Department of Transportation. HPP Federal TIP Planning TIP Project TIP ID CN Land Dept. 2006 2007 2008 2009 2010 2011 Total University Blvd. 394 7579 City of DMD-Dept. $2,000,000 $1,000,000 $1,000,000 $1,000,000 $5,000,000 Extension to Mds. Albuquerque Munic. Devel I-40 & West Central 401 G4013 NMDOT Planning $12,000,000 $12,000,000 Interchange Reconstruction Double Eagle II Road (PdV) 406 L3095 City of Aviation $4,800,000 $1,600,000 $1,600,000 $8,000,000 Rehabilitation Albuquerque Dept. I-25,Tramw ay Rd to Bernalillo 408 G2A13 NMDOT District 3 $2,800,000 $2,800,000 (Reconstruction & Widening) Paseo del Volcan (Northern 418.1 L3137 City of Rio DPI-Dept. $1,500,000 $14,700,000 $16,200,000 Section) Stage II Rancho Pub. Infra. I-25 & Paseo del Norte 442 D3026 NMDOT District 3 $1,000,000 $10,000,000 $9,000,000 $20,000,000 Interchange Stage I I-25 & Mesa del Sol 454 G3913 NMDOT District 3 $5,600,000 $5,600,000 Interchange Coors Boulevard & Quail Rd 456 L3049 City of DMD-Dept. $15,600,000 $15,600,000 Intersection Albuquerque Munic. Devel. (8 HPP Projects) $2,000,000 $8,300,000 $24,600,000 $50,300,000 $85,200,000 Wednesday, March 21, 2007 The State owned property, consists of approximately 536 acres of zoned property (hereinafter, SLO property) and the NMDOT property (the Paseo del Volcan right of way) of approximately 54 acres. The zoned SLO property consists of the following: 1. Residential (incl. Community Center) 323.985 Acres 2. S-U Mixed Use 65.739 3. M-1 Light Industrial 44.527 4. C-1 Commercial 60.566 5. Institutional (Education) 41.35 Total non residential 212.18 The property has been annexed and zoned by the City of Rio Rancho, and an agree- ment to provide water and sewer service was obtained in April of 2007. The agree- ment calls for the payment of $4,000,000 to the CORR which will be used to fund a new well to provide water for the area. The payment will be Impact fee creditable. The property has been cleared of all known archeological sites and approved for Development by the State Historical Preservation Dept. as of mid 2007. A plat is in process at the CORR. Electric and gas utilities will be provided by PNM and are not expected to be unduly expensive.
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