NOTICE OF BOND SALE AND DELEGATION OF AUTHORITY
LOS LUNAS SCHOOL DISTRICT NO. 1
COUNTY OF VALENCIA, NEW MEXICO
GENERAL OBLIGATION SCHOOL REFUNDING BONDS,
PUBLIC NOTICE IS HEREBY GIVEN that pursuant to the Notice of Bond Sale and Delegation of Authority Resolution, adopted by the Board on February 15, 2022 the Superintendent (“Superintendent”) of Schools of the Los Lunas School District No. 1, Valencia County, New Mexico, (the “District”) or the Chief Financial Officer of the District will on or about March 1, 2022 sign a Bond Purchase Agreement for the purchase of the District’s $8,725,000 General Obligation School Refunding Bonds, Series 2022.
The Series 2022 Refunding Bonds will be issued as fully registered bonds and will mature on July 15, of each year as follows:
- Years Amounts
- Maturing Maturing*
- 2022 $ 690,000
- 2023 2,105,000
- 2024 2,235,000
- 2025 1,515,000
- 2026 1,490,000
- 2027 690,000
- 2022 $ 690,000
- TOTAL $8,725,000
*Preliminary and subject to change.
The Bonds constitute general obligation debt of the District, payable from general (ad valorem) taxes that may be levied against all taxable property within the District, without limitation as to rate or amount.
The maximum net effective interest rate permitted on the Bonds is ten percent (10%).
The validity and enforceability of the Bonds will be approved by Modrall, Sperling, Roehl, Harris & Sisk, P.A., Attorneys at Law, Albuquerque, New Mexico.
Published in the Valencia County News-Bulletin: February 17, 2022
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.