NOTICE OF INTENT TO ADOPT
NOTICE IS HEREBY GIVEN that the City of Belen Governing Body will conduct a public hearing and take action on the proposed Ordinance referenced:
AUTHORIZING THE CITY OF BELEN (BORROWER) TO ENTER INTO A LOAN AGREEMENT WITH THE NEW MEXICO ENVIRONMENT DEPARTMENT (NMED) FOR THE PURPOSE OF OBTAINING PROJECT LOAN FUNDS IN THE PRINCIPAL AMOUNT OF $500,000 PLUS (0.00%) ACCRUED INTEREST; AND LOAN SUBSIDY GRANT FUNDS IN THE AMOUNT OF $500,000 FOR A TOTAL FUNDED AMOUNT OF $1,000,000; DESIGNATING THE USE OF THE FUNDS FOR THE PURPOSE DEFINED IN THE MOST CURRENT PROJECT DESCRIPTION FORM AS APPROVED BY NMED; DECLARING THE NECESSITY FOR THE LOAN; PROVIDING THAT THE LOAN WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM THE BORROWER’S PLEDGED REVENUES DEFINED BELOW; PRESCRIBING OTHER DETAILS CONCERNING THE LOAN AND THE SECURITY THEREFORE
The Belen City Council will allow for public input and take action at a public hearing which will be held on January 16, 2024, at 6:00 PM in the Council Chambers at City Hall, 100 South Main Street, Belen, New Mexico 87002.
A copy of the proposed ordinance is available for inspection at Belen City Hall Monday through Friday, 8:00 A.M. to 5:00 P.M. in the office of the City Clerk, 100 South Main Street, Belen, New Mexico 87002.
Dated this 15th day of December 2023
/s/ Dorothy Flores, CMC
Published in the Valencia County News-Bulletin December 21, 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
