Socorro County,
New Mexico
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. 2021-83, duly adopted and approved by the Board of County Commissioners of Socorro County, New Mexico on October 23, 2018. A complete copy of the Resolution is available for public inspection during normal and regular business hours in the office of the County Clerk OR by contacting the County Clerk, at 210 Park Street, Socorro, New Mexico 87801.

The title of the Resolution is:

SOCORRO COUNTY,
NEW MEXICO
RESOLUTION NO. 2021-83

A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A COLONIAS INFRASTRUCTURE PROJECT FUND LOAN/GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY (“FINANCE AUTHORITY,” OR THE “LENDER/GRANTOR”) AND SOCORRO COUNTY, NEW MEXICO (THE “BORROWER/GRANTEE”), FOR THE BENEFIT OF SAN ANTONIO, NEW MEXICO, IN THE TOTAL AMOUNT OF $764,818, EVIDENCING AN OBLIGATION OF THE BORROWER/GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF DESIGN AND CONSTRUCTION OF PHASES II, IV, V, VI SAN ANTONIO DRAINAGE IMPROVEMENTS, AND SOLELY IN THE MANNER DESCRIBED IN THE LOAN/GRANT AGREEMENT; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE LOAN AMOUNT OF $76,482 SOLELY FROM THE DISTRIBUTION OF THE REVENUES OF THE THREE-EIGHTHS OF ONE PERCENT (.375%) OF COUNTY LOCAL OPTION GROSS RECEIPTS TAX AND ACCEPTANCE OF A GRANT AMOUNT OF $688,336; CERTIFYING THAT THE LOAN/GRANT AMOUNT, TOGETHER WITH OTHER FUNDS AVAILABLE TO THE BORROWER/GRANTEE, IS SUFFICIENT TO COMPLETE THE PROJECT; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE LOAN/GRANT AGREEMENT; 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/GRANT AGREEMENT.

A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with NMSA 1978, § 6-14-6, as amended.

Published in the El Defensor Chieftain on December 16, 2021