Village of Magdalena,
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. 2022-16, duly adopted and approved by the Governing Body of the Village of Magdalena, New Mexico, on September 12, 2022. A complete copy of the Resolution is available for public inspection during the normal and regular business hours of the Deputy Clerk, 108 N. Main Street, Magdalena, New Mexico 87825.
The title of the Resolution is:
VILLAGE OF MAGDALENA, NEW MEXICO
RESOLUTION NO. 2022-16
AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT BY AND BETWEEN VILLAGE OF MAGDALENA, NEW MEXICO (THE “GOVERNMENTAL UNIT”) AND THE NEW MEXICO FINANCE AUTHORITY (THE “FINANCE AUTHORITY”), EVIDENCING A SPECIAL, LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY A PRINCIPAL AMOUNT OF $107,756 TOGETHER WITH INTEREST THEREON, FOR THE PURPOSE OF PURCHASING A NEW BACKHOE LOADER AND THE RESPECTIVE EQUIPMENT FOR THE GOVERNMENTAL UNIT; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE JOINT WATER AND SEWER SYSTEM OF THE GOVERNMENTAL UNIT; APPROVING THE FORM AND TERMS OF, AND OTHER DETAILS, CONCERNING THE LOAN AGREEMENT; SETTING THE MAXIMUM INTEREST RATE OF THE LOAN; 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 September 15, 2022