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Legal Notices-Government
NOTICE OF BOND SALE AND DELEGATION OF
AUTHORITY
BELEN CONSOLIDATED SCHOOL DISTRICT NO. 2
COUNTIES OF VALENCIA AND SOCORRO,
NEW MEXICO
$7,270,000
GENERAL OBLIGATION SCHOOL REFUNDING BONDS,
SERIES 2021
PUBLIC NOTICE IS HEREBY GIVEN that pursuant to the Notice of Bond Sale and Delegation of Authority Resolution, adopted by the Board on February 9, 2021 the Superintendent (“Superintendent”) of Schools of the Belen Consolidated School District No. 2, Valencia and Socorro Counties, New Mexico, (the “District”) or the Assistant Superintendent of Finance of the District will on or about March 5, 2021 sign a Bond Purchase Agreement for the purchase of the District’s $7,270,000 General Obligation School Refunding Bonds, Series 2021.
The Series 2021 Refunding Bonds will be issued as fully registered bonds and will mature on August1, of each year as follows:
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Years
Maturing Amounts
Maturing*
2023 $1,960,000
2024 1,265,000
2025 1,315,000
2026 1,305,000
2027 1,425,000
TOTAL $7,270,000
*Preliminary and subject to change.
The Bonds constitute general obligation debt of the District, payable from general (ad valorem) taxes that may be levied against all taxable property within the District, without limitation as to rate or amount.
The maximum net effective interest rate permitted on the Bonds is ten percent (10%).
The validity and enforceability of the Bonds will be approved by Modrall, Sperling, Roehl, Harris & Sisk, P.A., Attorneys at Law, Albuquerque, New Mexico.
Published in the Valencia County News-Bulletin on
February 11, 2021.
