NOTICE OF ADOPTION OF ORDINANCE NO. 731
STATE OF NEW MEXICO, COUNTY OF LOS ALAMOS
Notice is hereby given that the following Ordinance No. 731, was duly adopted and approved by the County Council of the Incorporated County of Los Alamos, State of New Mexico, on May 7, 2024. 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. 731
AN ORDINANCE AUTHORIZING THE INCORPORATED COUNTY OF LOS ALAMOS (BORROWER) TO ENTER INTO A LOAN AGREEMENT WITH THE NEW MEXICO ENVIRONMENT DEPARTMENT (NMED) FOR THE PURPOSE OF OBTAINING PROJECT LOAN FUNDS IN THE PRINCIPAL AMOUNT OF $800,000 PLUS (0.01%) ACCRUED INTEREST; AND LOAN SUBSIDY GRANT FUNDS IN THE AMOUNT OF $200,000 FOR A TOTAL FUNDED AMOUNT OF $1,000,000; DESIGNATING THE USE OF THE FUNDS FOR THE BAYO NON-POTABLE BOOSTER STATION REFURBISHMENT AS APPROVED BY NMED; DECLARING THE NECESSITY FOR THE LOAN; PROVIDING THAT THE LOAN WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM THE BORROWER’S PLEDGED REVENUES DEFINED BELOW; PRESCRIBING OTHER DETAILS CONCERNING THE LOAN AND THE SECURITY THEREFOR
ADOPTED this 7th day of May 2024
Council of the Incorporated County of Los Alamos
By: /s/ Denise Derkacs, Council Chair
Attest: /s/ Naomi D. Maestas, County Clerk
PUBLISHED IN THE LOS ALAMOS DAILY POST THURSDAY MAY 16, 2024