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PUBLIC NOTICE CITY OF RIO RANCHO, NEW MEXICO NOTICE OF FORMATION HEARING The Governing Body of the City of Rio Rancho, New Mexico hereby gives notice of its meeting scheduled for April 8, 2021 at 6:00 p.m., which is to be conducted virtually and streamed live on the City of Rio Rancho website at https://rrnm.gov/2303/Watch-and-Do wnload-City-Meetings. At such meeting the Governing Body will hold a public hearing concerning the adoption of a resolution relating to the formation of the Los Diamantes Public Improvement District (the "District") pursuant to the Public Improvement District Act, NMSA 1978, Sections 5-11-1 to -27 (2001, as amended through 2019). The Governing Body may consider and take other necessary action relating to the formation of the District and other business which may come before the Council. The title of the proposed resolution (subject to amendment or substitution) is as follows: A RESOLUTION APPROVING THE APPLICATION AND PETITION OF LOS DIAMANTES LLC AND LD DEVELOPMENT LLC, FOR FORMATION OF LOS DIAMANTES PUBLIC IMPROVEMENT DISTRICT PURSUANT TO THE PUBLIC IMPROVEMENT DISTRICT ACT, NMSA 1978, SECTIONS 5-11-1 to -27 (2001, AS AMENDED THROUGH 2019) AND THE CITY OF RIO RANCHO PUBLIC IMPROVEMENT DISTRICT GUIDELINES AND APPLICATION PROCEDURE; MAKING FINDINGS IN CONNECTION WITH THE APPLICATION AND PETITION AND SUPPORTING DOCUMENTATION REQUESTING APPROVAL OF THE FORMATION OF THE DISTRICT; DETERMINING THE REAL PROPERTY TO BE INCLUDED WITHIN THE DISTRICT AND THE PURPOSES FOR WHICH THE DISTRICT IS BEING FORMED; APPROVING THE GENERAL PLAN, FEASIBILITY STUDY, RATE, METHOD OF APPORTIONMENT FOR THE DISTRICT AND MANNER OF COLLECTION OF A SPECIAL LEVY TO BE IMPOSED UPON REAL PROPERTY WITHIN THE DISTRICT, AND APPROVING A DEVELOPMENT AGREEMENT FOR THE DISTRICT; ESTABLISHING PARAMETERS AND AUTHORIZING THE DISTRICT TO ISSUE SPECIAL LEVY BONDS; AUTHORIZING THE DISTRICT TO ISSUE SUBORDINATE OBLIGATIONS; PROVIDING FOR GOVERNANCE OF THE DISTRICT; PROVIDING THAT BONDS AND OTHER OBLIGATIONS OF THE DISTRICT SHALL NOT BE OBLIGATIONS OF THE CITY; WAIVING CERTAIN REQUIREMENTS TO FORMATION OF PUBLIC IMPROVEMENT DISTRICT; RATIFYING CERTAIN ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTIONS INCONSISTENT WITH THIS FORMATION RESOLUTION; DIRECTING THE MAILING OF A NOTICE OF ADOPTION OF THIS FORMATION RESOLUTION BY THE CITY CLERK; AND TAKING RELATED ACTION. A summary of the subject matter of the resolution is contained in its title. Complete copies of the proposed resolution are on file in the Office of the City Clerk at City Hall, located at 3200 Civic Center Circle NE, Rio Rancho, New Mexico, and are available for inspection during regular office hours. The formation of the District is proposed and will be considered by the Governing Body at the above-referenced meeting, which will be open to the public. Persons wishing to comment on the proposed resolution and the matters within its scope may provide comments in person at the meeting or may provide comments in writing, to the City Clerk at the address stated above, and actually received by the City Clerk at least one business day before the date of the meeting. Anyone wishing to present verbal comments may do so remotely via Zoom Meeting software. Zoom details will be provided in the Meeting Agenda for the April 8, 2021 meeting to be available at least 72 hours prior to the meeting at https://rrnm.gov/2303/Watch-and-Download-City-Meetings. Journal: March 31, April 7, 2021 Left-red    Print Legal   Email-red   Published on: Wed April 07, 2021