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SANDOVAL COUNTY, NEW MEXICO NOTICE OF ADOPTION OF ORDINANCE Notice is hereby given of the title and of a general summary of the subject matter contained in Ordinance No. 6-15-17.8A duly adopted and approved by the County Commission of the County of Sandoval, New Mexico, on June 15, 2017. A complete copy of the Ordinance is available for public inspection during the normal and regular business hours of the County Clerk, 1500 Idalia Road, Bernalillo, New Mexico. SANDOVAL COUNTY, NEW MEXICO ORDINANCE NO. 6-15-17.8A AUTHORIZING THE EXECUTION AND DELIVERY OF A LEASE-PURCHASE AGREEMENT BY AND BETWEEN THE COUNTY OF SANDOVAL, NEW MEXICO (THE "COUNTY") AND STERLING NATIONAL BANK (THE "LESSOR"), EVIDENCING A SPECIAL, LIMITED OBLIGATION OF THE COUNTY TO PAY AN AMOUNT OF UP TO $7,500,000, TOGETHER WITH INTEREST THEREON, FOR THE PURPOSE OF ACQUIRING, INSTALLING, AND EQUIPPING ENERGY EFFICIENCY MEASURES THROUGHOUT THE COUNTY; PROVIDING FOR THE PLEDGE AND PAYMENT OF THE AMOUNTS DUE UNDER THE LEASE-PURCHASE AGREEMENT SOLELY FROM THE GUARANTEED COST SAVINGS AND PAYMENTS RECEIVED BY THE COUNTY PURSUANT TO A GUARANTEED UTILITY SAVINGS CONTRACT; PROVIDING THAT CERTAIN TERMS OF THE LEASE-PURCHASE AGREEMENT WILL BE ESTABLISHED IN A SUBSEQUENT RESOLUTION; 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 LEASE-PURCHASE AGREEMENT. A summary of the subject matter of the Ordinance is contained in its title. This notice constitutes compliance with Section 6-14-6, NMSA 1978. Journal: June 19, 2017 Left-red    Print Legal   Email-red   Published on: Mon June 19, 2017