CITY OF BELEN,
NOTICE OF PUBLIC HEARING AND INTENT TO ADOPT ORDINANCE
Notice is hereby given of the title and of a general summary of the subject matter contained in an ordinance to be considered for adoption by the City Council of the City of Belen, New Mexico on Monday, April 4, 2022 at 6:00 p.m. at the Council Chambers, Belen City Hall, 100 S. Main Street, Belen, New Mexico 87002.
The title of the Ordinance is:
AUTHORIZING THE ISSUANCE OF THE CITY OF BELEN, NEW MEXICO JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022A, IN THE PRINCIPAL AMOUNT OF SEVEN HUNDRED SIXTY-SIX THOUSAND DOLLARS ($766,000) AND THE CITY OF BELEN, NEW MEXICO JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022B IN THE PRINCIPAL AMOUNT OF FOUR HUNDRED NINE THOUSAND DOLLARS ($409,000) FOR THE PURPOSE OF ACQUIRING, EXTENDING, ENLARGING, BETTERING, REPAIRING OR OTHERWISE IMPROVING THE CITY’S JOINT UTILITY SYSTEM; PROVIDING FOR THE ISSUANCE AND SALE OF THE BONDS; PROVIDING THAT THE BONDS WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM NET REVENUES TO BE DERIVED FROM THE OPERATION OF THE CITY’S JOINT UTILITY SYSTEM; PROVIDING FOR THE TERMS AND CONDITIONS OF THE BONDS, THE MANNER OF THEIR EXECUTION, THE METHOD OF PAYING THE BONDS AND OTHER DETAILS CONCERNING THE BONDS AND SUCH SYSTEM, INCLUDING BUT NOT LIMITED TO COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; RATIFYING ACTION PREVIOUSLY TAKEN IN CONNECTION THEREWITH AND APPERTAINING THERETO.
The title of the ordinance contains a general summary of the ordinance. Complete copies of the ordinance are on file in the Office of the City Clerk and are available for inspection and/or purchase during regular office hours.
This notice constitutes compliance with Section 3-17-3, NMSA 1978.
Published in the Valencia County News-Bulletin: March 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.