Sandoval County, New Mexico
Notice of Adoption of
Ordinance

Notice is hereby given of the title and of a general summary of the subject matter contained in Ordinance No. 11-08-23.10E duly adopted and approved by the County Commission of Sandoval County, New Mexico, on November 8, 2023. A complete copy of the Ordinance is available for public inspection during the normal and regular business hours of the County Clerk, 1500 Idalia, Building D, Bernalillo, New Mexico.

The title of the Ordinance is:
SANDOVAL COUNTY, NEW MEXICO
ORDINANCE NO. 11-08-23.10E

AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF SANDOVAL COUNTY, NEW MEXICO GROSS RECEIPTS TAX REVENUE BONDS (THE “BONDS”) IN ONE OR MORE SERIES IN THE MAXIMUM PRINCIPAL AMOUNT OF $5,600,000 TO PROVIDE FUNDS TO FINANCE THE COSTS OF ACQUISITION, REPAIRS AND IMPROVEMENTS TO VARIOUS COUNTY BUILDINGS, FIRE DEPARTMENT AND ROAD DEPARTMENT EQUIPMENT AND COUNTY ROAD PROJECTS (COLLECTIVELY, THE “PROJECT”) AND TO PAY COSTS OF ISSUANCE; PROVIDING THAT THE BONDS WILL BE PAYABLE FROM REVENUE ATTRIBUTABLE TO CERTAIN INCREMENTS OR PORTIONS OF GROSS RECEIPTS TAX REVENUES OF THE COUNTY; PROVIDING FOR THE DISPOSITION OF THE PROCEEDS OF SAID BONDS AND THE RECEIPTS DERIVED FROM SAID GROSS RECEIPTS TAX; PRESCRIBING OTHER DETAILS CONCERNING SAID BONDS, AGREEMENTS AND OTHER DOCUMENTS CONCERNING THE PROJECT, INCLUDING A LOAN AGREEMENT AND AN INTERCEPT AGREEMENT TO BE ENTERED INTO WITH THE NEW MEXICO FINANCE AUTHORITY; PROVIDING FOR A SUPPLEMENTAL RESOLUTION TO BE SUBSEQUENTLY ADOPTED SPECIFYING DETAILS OF AND APPROVING FORMS OF THE LOAN AGREEMENT, THE INTERCEPT AGREEMENT, AND THE BONDS, AND SPECIFYING NET EFFECTIVE INTEREST RATES; AUTHORIZING THE EXECUTION AND DELIVERY OF THE BONDS, THE LOAN AGREEMENT, THE INTERCEPT AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS AND THE PROJECT; 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 Section 6-14-6, NMSA 1978.
Dated: November 16, 2023.
Anne Brady-Romero, County Clerk

Observer: November 16, 2023