NOTICE OF ADOPTION OF ORDINANCE NO. 710

NOTICE OF ADOPTION OF ORDINANCE NO. 710
STATE OF NEW MEXICO, COUNTY OF LOS ALAMOS
Notice is hereby given that the following Ordinance No. 710, was duly adopted and approved by the County Council of the Incorporated County of Los Alamos, State of New Mexico, on August 31, 2021. The full copy is available for inspection or purchase in the County Clerk’s Office: 1000 Central Avenue, Suite 240, during regular business hours.

INCORPORATED COUNTY OF LOS ALAMOS ORDINANCE NO. 710
AMENDING AND REPLACING ORDINANCE NO. 706 ADOPTED BY THE INCORPORATED COUNTY OF LOS ALAMOS (THE “GOVERNMENTAL UNIT”) ON FEBRUARY 23, 2021; AUTHORIZING THE EXECUTION AND DELIVERY OF AN AMENDED AND RESTATED LOAN AND SUBSIDY AGREEMENT (“LOAN AGREEMENT”) BY AND BETWEEN THE GOVERNMENTAL UNIT AND THE NEW MEXICO FINANCE AUTHORITY, EVIDENCING A SPECIAL LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY A REVISED PRINCIPAL AMOUNT OF NO MORE THAN $3,709,892, TOGETHER WITH EXPENSES, IF ANY, AND ADMINISTRATIVE FEES, THEREON, AND TO ACCEPT A LOAN SUBSIDY OF NO MORE THAN $79,832, FOR THE PURPOSE OF FINANCING THE COSTS OF (I) DESIGNING AND CONSTRUCTING A WELL HOUSE, PUMPS AND THE ASSOCIATED EQUIPMENT FOR OTOWI WELL #2 AND (II) REPLACING THE MOTOR CONTROL CENTER TO OTOWI WELL #4; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE PRINCIPAL, ADMINISTRATIVE FEES AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE JOINT UTILITY SYSTEM OF THE GOVERNMENTAL UNIT; SETTING AN INTEREST RATE FOR THE LOAN; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE LOAN AGREEMENT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS ORDINANCE; AND AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THE LOAN AGREEMENT

ADOPTED this 31st day of August 2021
Council of the Incorporated County of Los Alamos
By: /s/ Randall T. Ryti, Council Chair
Attest: /s/ Naomi D. Maestas, County Clerk

PUBLISHED IN THE LOS ALAMOS DAILY POST THURSDAY SEPTEMBER 2, 2021