Notice is hereby given of the title and of a general summary of the subject matter contained in an resolution duly adopted and approved by the Board of Directors of the North Central Regional Transit District, Counties of Los Alamos, Rio Arriba, Santa Fe and Taos, New Mexico (the “District”), on March 5, 2021, relating to the authorization and issuance of the District’s Regional Transit District Gross Receipts Tax Revenue Bonds, Series 2021. Complete copies of the Resolution are available for public inspection during the normal and regular business hours of the Executive Director of the District, 1327 N. Riverside Drive, Espanola, New Mexico 87532.
The title of the Resolution is:
AUTHORIZING THE ISSUANCE AND SALE OF THE NORTH CENTRAL REGIONAL TRANSIT DISTRICT REVENUE BONDS, SERIES 2021 (WHICH MAY BE ISSUED IN UP TO THREE (3) SERIES) IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION FOUR HUNDRED THIRTY-SIX THOUSAND FOUR HUNDRED EIGHTY-FOUR DOLLARS ($6,436,484) FOR THE PURPOSE OF FINANCING THE COST OF (1) DESIGNING, ACQUIRING, CONSTRUCTING, RENOVATING, EQUIPPING AND OTHERWISE IMPROVING THE DISTRICT’S MAINTENANCE FACILITY IN THE TOWN OF TAOS, (2) DESIGNING, ACQUIRING, CONSTRUCTING, RENOVATING, EQUIPPING AND OTHERWISE IMPROVING THE DISTRICT’S MAINTENANCE FACILITY IN THE CITY OF ESPANOLA, (3) ACQUIRING AND PURCHASING ELECTRIC BUSES FOR SERVICE AND RELATED EQUIPMENT WITHIN THE GEOGRAPHIC BOUNDARIES OF THE DISTRICT, (4) FUNDING, IF APPLICABLE, A DEBT SERVICE RESERVE ACCOUNT, AND (5) PAYING THE DISTRICT EXPENSES RELATED TO THE BONDS; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL OF AND INTEREST DUE ON THE BONDS SOLELY FROM THE DISTRIBUTION TO THE COUNTY MEMBERS OF REVENUES OF THE REGIONAL TRANSIT DISTRICT GROSS RECEIPTS TAX PURSUANT TO SECTION 7-20E-23 NMSA 1978, AS AMENDED, AND TRANSFERRED TO THE DISTRICT; APPROVING THE FORMS OF AND OTHER DETAILS CONCERNING THE BONDS; SETTING THE MAXIMUM INTEREST RATE OF THE BONDS; APPROVING THE EXECUTION AND DELIVERY OF A PRICING CERTIFICATE SETTING FORTH THE FINAL TERMS OF THE BONDS, A BOND PURCHASE AGREEMENT WITH THE NEW MEXICO FINANCE AUTHORITY AND ONE OR MORE INTERCEPT AGREEMENTS TO BE ENTERED INTO BY THE DISTRICT, ITS COUNTY MEMBERS, THE NEW MEXICO FINANCE AUTHORITY AND THE NEW MEXICO TAXATION AND REVENUE DEPARTMENT; APPROVING THE FORMS OF BOND PURCHASE AGREEMENT AND INTERCEPT AGREEMENT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS RESOLUTION; AND AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE AND DELIVERY OF THE BONDS.
This notice constitutes compliance with § 6-14-6 NMSA 1978.
PUBLISHED IN THE LOS ALAMOS DAILY POST THURSDAY MARCH 11, 2021
