Legal Notices-Government

NOTICE OF INTENT TO ADOPT

NOTICE IS HEREBY GIVEN that the City of Belen Governing Body will conduct a public hearing and take action on the proposed Ordinance referenced:

AUTHORIZING THE CITY OF BELEN (BORROWER) TO ENTER INTO A LOAN AGREEMENT WITH THE NEW MEXICO ENVIRONMENT DEPARTMENT (NMED) FOR THE PURPOSE OF OBTAINING PROJECT LOAN FUNDS IN THE PRINCIPAL AMOUNT OF $500,000 PLUS (0.00%) ACCRUED INTEREST; AND LOAN SUBSIDY GRANT FUNDS IN THE AMOUNT OF $500,000 FOR A TOTAL FUNDED AMOUNT OF $1,000,000; DESIGNATING THE USE OF THE FUNDS FOR THE PURPOSE DEFINED IN THE MOST CURRENT PROJECT DESCRIPTION FORM AS APPROVED BY NMED; DECLARING THE NECESSITY FOR THE LOAN; PROVIDING THAT THE LOAN WILL BE PAYABLE AND COLLECTIBLE SOLELY FROM THE BORROWER’S PLEDGED REVENUES DEFINED BELOW; PRESCRIBING OTHER DETAILS CONCERNING THE LOAN AND THE SECURITY THEREFORE

The Belen City Council will allow for public input and take action at a public hearing which will be held on January 16, 2024, at 6:00 PM in the Council Chambers at City Hall, 100 South Main Street, Belen, New Mexico 87002.

A copy of the proposed ordinance is available for inspection at Belen City Hall Monday through Friday, 8:00 A.M. to 5:00 P.M. in the office of the City Clerk, 100 South Main Street, Belen, New Mexico 87002.

Dated this 15th day of December 2023

/s/ Dorothy Flores, CMC

Published in the Valencia County News-Bulletin December 21, 2023