NOTICE OF SPECIAL
MEETING AND SALE

QUEMADO INDEPENDENT SCHOOL DISTRICT NO. 2

PUBLIC NOTICE IS HEREBY GIVEN that the Board of Education of the Quemado Independent School District No. 2, Quemado, New Mexico (“Board”), will meet in special session at 4:30 p.m. on August 17, 2021, at the Quemado School Library, Quemado, New Mexico, to consider a resolution granting final approval of a lease-purchase arrangement (“Lease-Purchase Agreement”) for the lease-purchase of education technology equipment in an amount not to exceed $215,000 as authorized by the Education Technology Equipment Act, NMSA 1978, §§ 6-15A-1 to 6-15A-17 (“Act”).

It is the present intention of the Board that the Lease-Purchase Agreement contemplated hereby be sold to the New Mexico State Treasurer, and be structured pursuant to the recommendations of the District’s Municipal Advisor. The terms of the Lease-Purchase Agreement, which will be utilized in the lease-purchase arrangement, are summarized as follows:

1. The Lease-Purchase Agreement amount shall be $215,000 for the lease-purchase of education technology equipment. Payment will be on September 22, 2021.

2. The source of the funds for the lease-purchase arrangement shall be derived from an annual levy of ad valorem taxes sufficient to meet the payments of principal and interest due, provided the District may apply any other funds that may be in its general fund or investment income actually received from investments and available for that purpose to the payments due.

3. The State covenants that the Lease-Purchase Agreement shall at all times be free from taxation by the State, except for estate or gift taxes and taxes on transfers.

4. Members of the public are invited and encouraged to attend the special meeting of the Board on August 17, 2021.

DATED this 20th day of July, 2021.

BOARD OF EDUCATION OF THE
QUEMADO INDEPENDENT
SCHOOL DISTRICT NO. 2

By: /s/ Eileen Dodds

President

[SEAL]

ATTEST:

By /s/ Carm Chavez
Secretary

Published in the El Defensor Chieftain on August 5 & 12, 2021