SUPPLEMENTAL NOTICE OF MEETING AND PUBLIC HEARING
NEW MEXICO MUNICIPAL ENERGY ACQUISITION AUTHORITY
THIS SUPPLEMENTAL NOTICE supplements the previously published notice that a public meeting of the Board of Directors of the New Mexico Municipal Energy Acquisition Authority will be held at the offices of Modrall, Sperling, Roehl, Harris & Sisk, 500 4th St. NW, Suite 1000, Albuquerque, New Mexico on December 30, 2024, at 11:00 a.m. The meeting will be open to the public.
A copy of the ordinance can be obtained upon request to Ian W. Bearden of Modrall, Sperling, Roehl, Harris & Sisk at iwb@modrall.com, or Brandon Hill, Treasurer of New Mexico Municipal Energy Acquisition Authority, at bhill@farmingtonnm.gov.
At the meeting the Board of Directors will consider whether to adopt an ordinance, the title and general summary of which follows below:
ORDINANCE NO. 2024-01
AN ORDINANCE OF THE NEW MEXICO MUNICIPAL ENERGY ACQUISITION AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF ITS GAS SUPPLY REFUNDING REVENUE BONDS, SERIES 2025 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $895,000,000 TO PAY COSTS OF REFUNDING THE AUTHORITY’S GAS SUPPLY VARIABLE RATE REVENUE BONDS, SERIES 2019 AND TO PAY COSTS OF ISSUANCE OF THE SERIES 2025 BONDS; PROVIDING FOR THE ISSUANCE OF THE BONDS PURSUANT TO AN AMENDED AND RESTATED TRUST INDENTURE BETWEEN THE AUTHORITY AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE; PROVIDING FOR THE PAYMENT OF THE SERIES 2025 BONDS FROM THE REVENUES PAID PURSUANT TO GAS SUPPLY AGREEMENTS BETWEEN THE AUTHORITY AND THE LAS CRUCES UTILITY BOARD ON BEHALF OF THE CITY OF LAS CRUCES, THE CITY OF FARMINGTON AND THE INCORPORATED COUNTY OF LOS ALAMOS, NEW MEXICO (EACH A “GAS PURCHASER”) AND SUCH OTHER REVENUES AND FUNDS AS ARE SPECIFICALLY PLEDGED TO SUCH PAYMENT UNDER THE INDENTURE; AUTHORIZING THE EXECUTION AND DELIVERY OF AMENDMENTS TO A PREPAID GAS AGREEMENT AND RELATED DOCUMENTATION PREVIOUSLY ENTERED INTO BY THE AUTHORITY; DELEGATING AUTHORITY TO CERTAIN OFFICERS TO DETERMINE THE FINAL TERMS OF THE BONDS AND FEATURES OF THE TRANSACTION DOCUMENTS PURSUANT TO A PRICING CERTIFICATE TO BE EXECUTED AND DELIVERED BY SUCH OFFICERS; AUTHORIZING THE EXECUTION AND DELIVERY OF THE AMENDED AND RESTATED INDENTURE, A BOND PURCHASE AGREEMENT, AND A CONTINUING DISCLOSURE AGREEMENT WITH RESPECT TO THE SERIES 2025 BONDS; APPROVING THE PREPARATION, DISTRIBUTION AND USE OF A PRELIMINARY OFFICIAL STATEMENT AND AN OFFICIAL STATEMENT FOR THE BONDS; MAKING FINDINGS RELATED TO THE FOREGOING; PROVIDING THAT, IF ONE OR MORE OF THE GAS PURCHASERS DETERMINES NOT TO PARTICIPATE IN THE 2025 REFUNDING TRANSACTION, THIS ORDINANCE AND THE RELEVANT TRANSACTION DOCUMENTS WILL BE AMENDED OR MODIFIED BY A SUPPLEMENTAL RESOLUTION TO REFLECT THE PARTICIPATION OF THE PARTICIPATING GAS PURCHASERS; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS ORDINANCE AND THE ISSUANCE OF THE BONDS AND RELATED MATTERS.
An agenda for the meeting may be obtained 72 hours prior to the meeting.
If you are an individual with a disability who is in need of a reader, amplifier, qualified sign language interpreter, or any other form of auxiliary aid or service to attend or participate in the hearing or meeting, please contact the New Mexico Municipal Energy Acquisition Authority c/o Ian W. Bearden, Modrall, Sperling, Roehl, Harris & Sisk, 500 4th St. NW, Suite 1000, Albuquerque, New Mexico, (505) 848-1800 at least one week prior to the meeting or as soon as possible. The agenda can be provided in various accessible formats. Please contact the New Mexico Municipal Energy Acquisition Authority c/o Ian W. Bearden, Modrall, Sperling, Roehl, Harris & Sisk, 500 4th St. NW, Suite 1000, Albuquerque, New Mexico, (505) 848-1800 if a summary or other type of accessible format is needed.
PUBLISHED IN THE LOS ALAMOS DAILY POST THURSDAY DECEMBER 19, 2024