Middle Rio Grande
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-11-08-21-177, duly adopted and approved by the Governing Body of the Middle Rio Grande Conservancy District, Bernalillo County, New Mexico, on November 8, 2021. A complete copy of the Resolution is available for public inspection during the normal and regular business hours of the Secretary/Treasurer, 1931 Second Street, SW, Albuquerque, New Mexico.
The title of the Resolution is:
MIDDLE RIO GRANDE CONSERVANCY DISTRICT
RESOLUTION NO. M-11-08-21-177
AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT BY AND BETWEEN THE MIDDLE RIO GRANDE CONSERVANCY DISTRICT, BERNALILLO COUNTY, NEW MEXICO (THE “GOVERNMENTAL UNIT”) AND THE NEW MEXICO FINANCE AUTHORITY IN THE PRINCIPAL AMOUNT OF $998,889.00 FOR THE PURPOSE OF FINANCING THE PURCHASE OF HEAVY EQUIPMENT AND RESPECTIVE APPARATUS, FUNDING A LOAN AGREEMENT RESERVE ACCOUNT AND MAKING A DEPOSIT TO THE FINANCE AUTHORITY DEBT SERVICE ACCOUNT, AND EVIDENCING A SPECIAL LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY THE PRINCIPAL AMOUNT OF $998,889.00, TOGETHER WITH INTEREST THEREON; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE GOVERNMENTAL UNIT; 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 AGREEMENT.
A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with Section 6-14-6, NMSA 1978.
Published in the El Defensor Chieftain on November 18, 2021