Legal Notices-Government

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. 11-8-23.10C duly adopted and approved by the County Commission of Sandoval County, New Mexico, on November 8, 2023. A complete copy of the Ordinance is available for public inspection during the normal and regular business hours of the County Clerk, 1500 Idalia, Building D, Bernalillo, New Mexico.

The title of the Ordinance is:

SANDOVAL COUNTY, NEW MEXICO

ORDINANCE NO. 11-8-23.10C

AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF SANDOVAL COUNTY, NEW MEXICO LEASE REVENUE BONDS, NOTES OR OTHER OBLIGATIONS (THE “NOTE’) IN ONE OR MORE SERIES IN THE MAXIMUM PRINCIPAL AMOUNT OF $19,000,000 TO PROVIDE FUNDS TO FINANCE THE COSTS OF DESIGNING, CONSTRUCTING AND EQUIPPING A NEW MAGISTRATE COURT FACILITY FOR THE COUNTY (THE “PROJECT”); PROVIDING THAT THE NOTE WILL BE PAYABLE FROM REVENUE ATTRIBUTABLE TO A LEASE BETWEEN THE COUNTY AND THE ADMINISTRATIVE OFFICE OF THE COURTS; APPROVING THE DELEGATION OF AUTHORITY TO MAKE CERTAIN DETERMINATIONS REGARDING THE TERMS OF THE NOTE PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; PROVIDING FOR THE DISPOSITION OF THE PROCEEDS OF SAID NOTE AND THE RECEIPTS DERIVED FROM SAID LEASE; PRESCRIBING OTHER DETAILS CONCERNING SAID NOTE, INCLUDING BUT NOT LIMITED TO COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH AND THE FORM, TERMS, CONDITIONS AND MANNER OF EXECUTION OF SAID NOTE AND OTHER DOCUMENTS CONCERNING THE PROJECT; AUTHORIZING THE EXECUTION AND DELIVERY OF THE NOTE AND A RELATED NOTE PURCHASE AGREEMENT, LOAN AGREEMENT, AND OTHER DOCUMENTS IN CONNECTION WITH THE ISSUANCE OF THE NOTE AND THE PROJECT; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.

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.

Dated: November 16, 2023.

Anne Brady-Romero, County Clerk

Observer: November 16, 2023