Legal Notices-Government

MIDDLE RIO GRANDE

CONSERVANCY DISTRICT,

BERNALILLO COUNTY, NEW MEXICO

NOTICE OF ADOPTION OF RESOLUTION

Notice is hereby given of the title and of a general summary of the subject matter contained in Resolution No. M-11-14-22-196, duly adopted and approved by the Board of Directors of Middle Rio Grande Conservancy District on November 14, 2022. A complete copy of the Resolution is available for public inspection during normal and regular business hours in the office of the Secretary/Treasurer, at 1931 Second St. SW, Albuquerque, New Mexico 87102.

The title of the Resolution is:

MIDDLE RIO GRANDE CONSERVANCY DISTRICT,

BERNALILLO COUNTY, NEW MEXICO

RESOLUTION NO. M-11-14-22-196

A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER PROJECT FUND LOAN/GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY (“FINANCE AUTHORITY”) AND THE MIDDLE RIO GRANDE CONSERVANCY DISTRICT (THE “BORROWER/GRANTEE”), IN THE TOTAL AMOUNT OF SEVEN MILLION ONE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($7,155,000), INCLUDING A LOAN IN THE AMOUNT OF SEVEN HUNDRED FIFTEEN THOUSAND FIVE HUNDRED DOLLARS ($715,500) EVIDENCING AN OBLIGATION OF THE BORROWER/GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF THE DESIGN AND CONSTRUCTION OF THE SOCORRO MAIN CANAL BY CONCRETE LINING FOR A PORTION OF THE CHANNEL’S NORTH SECTION, AND SOLELY IN THE MANNER DESCRIBED IN THE LOAN/GRANT AGREEMENT; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE LOAN AMOUNT AND AN ADMINISTRATIVE FEE SOLELY FROM THE NET REVENUES OF THE BORROWER/GRANTEE; CERTIFYING THAT THE LOAN/GRANT AMOUNT, TOGETHER WITH OTHER FUNDS AVAILABLE TO THE BORROWER/GRANTEE, IS SUFFICIENT TO COMPLETE THE PROJECT; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE LOAN/GRANT AGREEMENT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS RESOLUTION; AND AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THE LOAN/GRANT AGREEMENT.

A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with NMSA 1978, 6-14-6, as amended.

Published in the El Defensor Chieftain on November 17, 2022