MIDDLE RIO GRANDE
CONSERVANCY DISTRICT,
BERNALILLO COUNTY, NEW MEXICO
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-11-14-22-196, duly adopted and approved by the Board of Directors of Middle Rio Grande Conservancy District on November 14, 2022. A complete copy of the Resolution is available for public inspection during normal and regular business hours in the office of the Secretary/Treasurer, at 1931 Second St. SW, Albuquerque, New Mexico 87102.
The title of the Resolution is:
MIDDLE RIO GRANDE
CONSERVANCY DISTRICT,
BERNALILLO COUNTY, NEW MEXICO
RESOLUTION NO.
M-11-14-22-196
A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER PROJECT FUND LOAN/GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY (“FINANCE AUTHORITY”) AND THE MIDDLE RIO GRANDE CONSERVANCY DISTRICT (THE “BORROWER/GRANTEE”), IN THE TOTAL AMOUNT OF SEVEN MILLION ONE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($7,155,000), INCLUDING A LOAN IN THE AMOUNT OF SEVEN HUNDRED FIFTEEN THOUSAND FIVE HUNDRED DOLLARS ($715,500) EVIDENCING AN OBLIGATION OF THE BORROWER/GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF THE DESIGN AND CONSTRUCTION OF THE SOCORRO MAIN CANAL BY CONCRETE LINING FOR A PORTION OF THE CHANNEL’S NORTH SECTION, AND SOLELY IN THE MANNER DESCRIBED IN THE LOAN/GRANT AGREEMENT; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE LOAN AMOUNT AND AN ADMINISTRATIVE FEE SOLELY FROM THE NET REVENUES OF THE BORROWER/GRANTEE; CERTIFYING THAT THE LOAN/GRANT AMOUNT, TOGETHER WITH OTHER FUNDS AVAILABLE TO THE BORROWER/GRANTEE, IS SUFFICIENT TO COMPLETE THE PROJECT; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE LOAN/GRANT AGREEMENT; 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/GRANT AGREEMENT.
A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with NMSA 1978, § 6-14-6, as amended.
Published in the Valencia County News-Bulletin 17 November, 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.
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