NOTICE OF BOND SALE AND DELEGATION OF
AUTHORITY
BELEN CONSOLIDATED SCHOOL DISTRICT NO. 2
COUNTY OF VALENCIA, NEW MEXICO
$3,000,000
GENERAL OBLIGATION SCHOOL BONDS, SERIES 2024
PUBLIC NOTICE IS HEREBY GIVEN that pursuant to the Notice of Bond Sale and Delegation of Authority Resolution, adopted by the Board on March 26, 2024 the Superintendent (“Superintendent”) of Schools of the Belen Consolidated School District No. 2, Valencia and Socorro Counties, New Mexico, (the “District”) or the Chief Financial Officer of the District (“CFO”) will on or about June 5, 2024 sign a Bond Purchase Agreement for the purchase of the District’s $3,000,000 General Obligation School Bonds, Series 2024.
The Series 2024 Bonds will be issued as fully registered bonds and will mature on August 1, of each year as follows:
Years Maturing
Amounts
Maturing*
2024 $2,500,000
2025 45,000
2026 45,000
2027 45,000
2028 45,000
2029 45,000
2030 40,000
2031 40,000
2032 40,000
2033 40,000
2034 40,000
2035 40,000
2036 35,000
TOTAL $3,000,000
*Preliminary and subject to change.
The Bonds constitute a portion of the bonds that were authorized at a regular election held on November 7, 2023, and will constitute general obligation debt of the District, payable from general (ad valorem) taxes that may be levied against all taxable property within the District, without limitation as to rate or amount.
The maximum net effective interest rate permitted on the Bonds is ten percent (10%).
The validity and enforceability of the Bonds will be approved by the New Mexico Attorney General, and by Modrall, Sperling, Roehl, Harris & Sisk, P.A., Attorneys at Law, Albuquerque, New Mexico.
Published in the Valencia County News-Bulletin March 28, 2024
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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May 2, 2024
