NOTICE OF ORDINANCE NO. 734
STATE OF NEW MEXICO, COUNTY OF LOS ALAMOS
Notice is hereby given that the Council of the Incorporated County of Los Alamos, State of New Mexico, has directed publication of Los Alamos County Ordinance No. 734. This will be considered by the County Council at a public hearing on Tuesday, July 30, 2024, 6:00 p.m., at the County Municipal Building, located at 1000 Central Avenue, Los Alamos, New Mexico 87544. The full copy is available for inspection or purchase, during regular business hours, in the County Clerk’s Office: 1000 Central Avenue, Suite 240.
INCORPORATED COUNTY OF LOS ALAMOS ORDINANCE NO. 734
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 $1,500,000, PLUS 1% ACCRUED INTEREST AND LOAN SUBSIDY GRANT FUNDS IN THE AMOUNT OF $500,000; FOR A TOTAL FUNDED AMOUNT OF $2,000,000; DESIGNATING THE USE OF THE FUNDS FOR THE PURPOSE DEFINED IN THE MOST CURRENT PROJECT DESCRIPTION FORM 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 RURAL INFRASTRUCTURE REVOLVING LOAN PROGRAM (RIP), AND THE SECURITY FOR LOAN AGREEMENT RIP-00060
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 JULY 18, 2024