CITY OF SOCORRO,
NEW MEXICO
NOTICE OF MEETING,
PUBLIC HEARING AND
INTENT TO ADOPT
ORDINANCE

The City of Socorro, New Mexico, hereby gives notice of a regular City Council Meeting for Tuesday, November 15, 2022 at 6:00 p.m. at the City Hall, 111 School of Mines Road, NW, Socorro, New Mexico. At such meeting, the City Council will hold a public hearing concerning and will consider for adoption the ordinance described below. Complete copies of the Ordinance are available for public inspection during the normal and regular business hours of the City Clerk, 111 School of Mines Road, NW, Socorro, New Mexico.

The title of the Ordinance is:

AUTHORIZING THE ISSUANCE OF THE $3,265,000 CITY OF SOCORRO, NEW MEXICO JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022 IN TWO SERIES IN THE PRINCIPAL AMOUNTS OF (I) $2,725,500 JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022A, AND (II) $540,000 JOINT UTILITY SYSTEM IMPROVEMENT REVENUE BONDS, SERIES 2022B, FOR THE PURPOSE OF ACQUIRING, EXTENDING, ENLARGING, BETTERING, REPAIRING OR OTHERWISE IMPROVING THE CITY’S WASTEWATER TREATMENT FACILITY; PROVIDING FOR THE ISSUANCE AND SALE OF THE BONDS; PROVIDING THAT THE BONDS WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM NET REVENUES TO BE DERIVED FROM THE OPERATION OF THE CITY’S JOINT UTILITY SYSTEM; PROVIDING FOR THE TERMS AND CONDITIONS OF THE BONDS, THE MANNER OF THEIR EXECUTION, THE METHOD OF PAYING THE BONDS AND OTHER DETAILS CONCERNING THE BONDS AND SUCH SYSTEM, INCLUDING BUT NOT LIMITED TO COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; RATIFYING ACTION PREVIOUSLY TAKEN IN CONNECTION THEREWITH AND APPERTAINING THERETO.

The title sets forth a general summary of the subject matter contained in the Ordinance. This notice constitutes compliance with Section 3-17-3 NMSA 1978.

Published in the El Defensor Chiefatin on October 27, 2022

El Defensor Chieftain