LEGAL NOTICE ADOPTION OF RESOLUTION AUTHORIZING SALE OF GENERAL OBLIGATION SCHOOL BONDS, SERIES 2020 AND DELEGATING TO A DULY AUTHORIZED OFFICER DETERMINATION OF FINAL TERMS RELATED TO THE BONDS
Notice is hereby given that on the 24th day of August, 2020, the Board of Education of the Rio Rancho Public School District No. 94 (the “District”), County of Sandoval, State of New Mexico, adopted a resolution authorizing and directing the issuance of general obligation school bonds of the District in the aggregate principal amount not to exceed $15,000,000 (the “Resolution”) and delegating to the duly authorized officer of the District the authority to determine the final terms of such bonds to be issued within the parameters set by the District, all as provided in the Resolution. The Resolution authorizes the sale of school bonds; provides for the form of said bonds; fixes the parameters for the final terms of such bonds, as determined by the duly authorized officer of the District including the maturities of, and maximum interest rates on said bonds; provides for the levy of taxes to pay the principal of, and interest on, said bonds; and makes certain covenants to the purchasers of said bonds. Complete copies of said resolution are available for public inspection during normal and regular business hours at the Rio Rancho Public School District No. 94, School Administration Building, Rio Rancho, New Mexico. This notice constitutes compliance with NMSA 1978, Section 6-14-6. DATED this 24th day of August, 2020.
Observer: September 6, 2020