Middle Rio Grande
Conservancy District
Notice of Adoption of
Resolution

Notice is hereby given of the title and of a general summary of the subject matter contained in Resolution No. M-11-08-21-177, duly adopted and approved by the Governing Body of the Middle Rio Grande Conservancy District, Bernalillo County, New Mexico, on November 8, 2021. A complete copy of the Resolution is available for public inspection during the normal and regular business hours of the Secretary/Treasurer, 1931 Second Street, SW, Albuquerque, New Mexico.

The title of the Resolution is:

MIDDLE RIO GRANDE
CONSERVANCY DISTRICT
RESOLUTION
NO. M-11-08-21-177

AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT BY AND BETWEEN THE MIDDLE RIO GRANDE CONSERVANCY DISTRICT, BERNALILLO COUNTY, NEW MEXICO (THE “GOVERNMENTAL UNIT”) AND THE NEW MEXICO FINANCE AUTHORITY IN THE PRINCIPAL AMOUNT OF $998,889.00 FOR THE PURPOSE OF FINANCING THE PURCHASE OF HEAVY EQUIPMENT AND RESPECTIVE APPARATUS, FUNDING A LOAN AGREEMENT RESERVE ACCOUNT AND MAKING A DEPOSIT TO THE FINANCE AUTHORITY DEBT SERVICE ACCOUNT, AND EVIDENCING A SPECIAL LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY THE PRINCIPAL AMOUNT OF $998,889.00, TOGETHER WITH INTEREST THEREON; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE GOVERNMENTAL UNIT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS RESOLUTION; AND AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THE LOAN AGREEMENT.

A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with Section 6-14-6, NMSA 1978.

Published in the Valencia
County News-Bulletin on
November 18, 2021

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Valencia County News-Bulletin
505-864-4472 | [email protected]

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.