NOTICE OF SPECIAL
PUBLIC MEETING OF
BELEN CONSOLIDATED SCHOOL DISTRICT NO. 2
VALENCIA COUNTY, NEW MEXICO
PUBLIC NOTICE IS HEREBY GIVEN that the Board of Education of Belen Consolidated School District No. 2, County of Valencia, New Mexico (the "Board"), will meet in special session at 9:00 a.m. on September 5, 2023, at the Belen Consolidated School District No. 2 (the “District”), District’s Administration Building, 520 N. Main Street, Belen, New Mexico, being the regular meeting place of the Board, to consider a resolution granting final approval and acceptance of the $1,600,000 Belen Consolidated School District No. 2, General Obligation Education Technology Lease Purchase Arrangement, Series 2023 (the "Lease").
The Lease will be entered into for the purpose of acquiring educational technology equipment as defined in the Educational Technology Equipment Act NMSA 1978 § 6-15A-3(B).
The estimated cost of the educational technology equipment required to meet the needs of the District is approximately $1,600,000 to facilitate the District’s Technology Master Plan.
The proposed terms of the Lease are:
$1,600,000
Belen Consolidated School District No. 2
Valencia County, New Mexico
General Obligation
Educational Technology
Lease Purchase Arrangement
Series 2023
Date Payment*
10/18/2023 $1,600,000
Total $1,600,000
*Preliminary and subject to change
The Lease will be negotiated with the New Mexico State Treasurer. The rates of interest on the Lease will not exceed 5%. Additionally, there will be cost of the issuance of the Lease which costs of issuance include legal and financial advisory fees and other costs related to and necessary in connection with issuance of the Lease.
The Board hereby identifies the source of funds for the payments required on the Lease as proceeds of property (ad valorem) taxes to be levied on all property included within the District without limitation as to rate or amount or other funds in the District’s general fund.
The Board hereby determines that there will be no new property tax to be levied to pay the required payments of principal and interest pursuant to the Lease.
Members of the public are invited and encouraged to attend the Board meeting at 9:00 a.m., on September 5, 2023 to express their views on the issuance of the Lease and the repayment of the Lease from property taxes or the District’s general fund.
Published in the Valencia County News-Bulletin 24th, 31st August, 2023
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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April 25, 2024
