NOTICE OF INTENT TO ADOPT
NOTICE IS HEREBY GIVEN that the City of Belen Governing Body will conduct a public hearing and take action on the proposed Ordinance referenced:
- AUTHORIZING THE ISSUANCE AND SALE OF CITY OF BELEN, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BONDS (SKY RANCH ENERGY STORAGE LLC PROJECT), IN A MAXIMUM PRINCIPAL AMOUNT OF UP TO $91,000,000 IN ONE OR MORE SERIES TO PROVIDE FUNDS TO FINANCE THE EQUIPPING OF AN INDUSTRIAL REVENUE BOND PROJECT FOR USE BY SKY RANCH ENERGY STORAGE LLC PROJECT OR ITS SUCCESSORS OR ASSIGNS; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE, A LEASE, A BOND PURCHASE AGREEMENT, THE BONDS AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS AND THE PROJECT; AUTHORIZING A PAYMENT IN LIEU OF TAXES TO THE CITY AND BELEN CONSOLIDATED SCHOOL DISTRICT NO. 2 BY THE PROJECT COMPANIES; AND MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE BONDS AND THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
The Belen City Council will allow for public input and take action at a public hearing which will be held on October 4th, 2021 at 6:00 PM in the Council Chambers at City Hall, 100 South Main Street, Belen, New Mexico 87002.
A copy of the proposed ordinance is available for inspection at Belen City Hall Monday through Friday, 8:00 A.M. to 5:00 P.M. in the office of the City Clerk, 100 South Main Street, Belen, New Mexico 87002.
Dated this 10th day of September 2021.
By:/s/ Dorothy Flores,
Valencia County News Bulletin: September 16, 2021
The Valencia County News-Bulletin is a locally owned and operated community newspaper, dedicated to serving Valencia County since 1910 through the highest journalistic and professional business standards. The VCNB is published weekly on Thursdays, including holidays both in print and online.