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SANDOVAL COUNTY, NEW MEXICO NOTICE OF MEETING AND INTENT TO ADOPT ORDINANCE Sandoval County, New Mexico, hereby gives notice of a regular Board of County Commissioners meeting on Thursday, June 27, 2019 at 6:00 p.m. at the Commission Chambers, 1500 Idalia Road, Building D, Bernalillo, New Mexico 87004. At such meeting, the Board of County Commissioners will hold a public hearing concerning, and will consider for adoption, the ordinance described below. Complete copies of the Ordinance are available for public inspection during the normal and regular business hours of the County Clerk, 1500 Idalia Road, Building D, Bernalillo, New Mexico 87004. The title of the Ordinance is: AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT EVIDENCING A SPECIAL, LIMITED OBLIGATION OF SANDOVAL COUNTY, NEW MEXICO (THE "COUNTY") TO PAY A PRINCIPAL AMOUNT OF $3,700,000, TOGETHER WITH INTEREST THEREON, FOR THE PURPOSE OF FINANCING THE ACQUISITION OF SOLID WASTE VEHICLES, IT EQUIPMENT AND FLEET VEHICLES; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE REVENUES DERIVED FROM THE FIRST INCREMENT OF COUNTY GROSS RECEIPTS TAX IMPOSED BY THE COUNTY PURSUANT TO SECTION 7-20E-9 NMSA 1978; 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 LOAN AGREEMENT. The title sets forth a general summary of the subject matter contained in the Ordinance. This notice constitutes compliance with Section 4-37-7 NMSA 1978. Journal: June 12, 2019 Left-red    Print Legal   Email-red   Published on: Wed June 12, 2019