VILLAGE OF LOS LUNAS, NEW MEXICO
Notice of Public Hearing
Notice is hereby given that at its regular meeting on March 11, 2021, commencing at the hour of 6:00 p.m., in the Council Chambers, at 660 Main Street, Los Lunas, New Mexico 87031 (the “City”), the City will conduct a public hearing to consider a proposed Ordinance, the title of which appears below. A complete copy of the Ordinance is available for public inspection during normal and regular business hours at the office of the Village Administrator, 660 Main Street, Los Lunas, New Mexico 87031.
The title of the proposed Ordinance is:
AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AND SUBSIDY AGREEMENT (“LOAN AGREEMENT”) BY AND BETWEEN THE VILLAGE OF LOS LUNAS, VALENCIA COUNTY, NEW MEXICO (THE “GOVERNMENTAL UNIT”) AND THE NEW MEXICO FINANCE AUTHORITY, EVIDENCING A SPECIAL LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY A PRINCIPAL AMOUNT OF NO MORE THAN THREE MILLION FOUR HUNDRED SEVENTY-EIGHT THOUSAND NINE HUNDRED FIFTY-FIVE DOLLARS AND FORTY-THREE CENTS ($3,478,955.43), TOGETHER WITH INTEREST, EXPENSES, IF ANY AND ADMINISTRATIVE FEES THEREON, AND TO ACCEPT A LOAN SUBSIDY OF NO MORE THAN EIGHT HUNDRED THOUSAND FOUR HUNDRED FOURTEEN DOLLARS AND FIFTY-SEVEN CENTS ($800,414.57), FOR THE PURPOSE OF FINANCING THE COSTS OF INSTALLING A SECOND WATERLINE FROM THE NEW MEXICO HIGHWAY 6 BRIDGE CROSSING THE RIO GRANDE RIVER AND ALL RELATED APPENDITURES; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL, ADMINISTRATIVE FEES AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE JOINT WATER AND SEWER SYSTEM OF THE GOVERNMENTAL UNIT; SETTING AN INTEREST RATE FOR THE LOAN; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE LOAN AGREEMENT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS ORDINANCE; 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 Ordinance is contained in its title.
Publication of this notice constitutes compliance with NMSA 1978, § 3-17-3.
Published in the Valencia
County News-Bulletin on
February 18, 2021.