Notice is hereby given that the City Council of the City of Rio Rancho, New Mexico, at a regular meeting held on April 22, 2021 at the hour of 6:00 p.m. at Rio Rancho City Hall, 3200 Civic Center Circle NE, Rio Rancho, New Mexico, adopted an Ordinance entitled as follows:
AN ORDINANCE AMENDING AND RESTATING ORDINANCE NO. 15, ENACTMENT NO. 13-16, WHICH AUTHORIZED THE ISSUANCE AND SALE OF THE CITY OF RIO RANCHO, NEW MEXICO TAXABLE INDUSTRIAL REVENUE BONDS (INNOVATION PARTNERS, LLC/STOLAR RESEARCH PROJECT), SERIES 2013 (THE “ORIGINAL BOND”); AUTHORIZING THE EXECUTION AND DELIVERY OF AN AMENDED AND RESTATED INDENTURE AND AN AMENDED AND RESTATED LEASE AND INSTALLMENT SALE AGREEMENT WITH A FINAL TERM NOT TO EXCEED NOVEMBER 1, 2043, EACH EXECUTED AND DELIVERED IN CONNECTION WITH AN AMENDED AND RESTATED BOND IN A MAXIMUM PRINCIPAL AMOUNT OF $376,276, MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO FOREGOING AND THE PROJECT FINANCED THEREBY; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.
A summary of the subject matter of the Ordinance is contained in its title. This Notice constitutes compliance with Sections 6-14-6 and 6-14-7 NMSA 1978.
Observer: August 29, 2021