Board of Commissioners

Agenda — 5 items

1. Consideration of Resolution R-25-21,A Resolution Authorizing The Execution And Delivery Of A Colonias Infrastructure Project Fund Loan/Grant Agreement (“Agreement” Or “Loan/Grant Agreement”) By And Between The New Mexico Finance Authority (“NMFA,” Or “Lender/Grantor”) And Grant County, New Mexico (“Borrower/Grantee”), For The Benefit Of The Designated Colonia Of Arenas Valley, In The Total Amount Of Three Million Nine Hundred Eighteen Thousand Three Hundred Ninety Dollars ($3,918,390), Evidencing An Obligation Of The Borrower/Grantee To Utilize The Loan/Grant Amount Solely For The Purpose Of Financing The Costs Of The Final Design, Right-Of-Way, Land Acquisition And The Construction Of The Arenas Valley Road Phase Ii Improvements, And Solely In The Manner Described In The Loan/Grant Agreement; Providing For The Pledge And Payment Of The Loan Amount Of Three Hundred Ninety-One Thousand Eight Hundred Thirty-Nine Dollars ($391,839) Solely From Borrower/Grantee’s Ordinance No. 204 Adopted On June 23, 1987, With An Effective Date Of January 1, 1988, Imposing A One-Eighth Of One Percent (0.125%) Increment Of The County Gross Receipts Tax Which The Borrower/Grantee Pledges To The Payment Of The Loan Payments, Which County Gross Receipts Tax Has Been De- Earmarked And Is Now Enforceable Under NMSA 1978, § 7- 20\E-9, As Amended And Acceptance Of A Grant Amount Of Three Million Five Hundred Twenty-Six Thousand Five Hundred Fifty-One Dollars ($3,526,551); Certifying That The Loan/Grant Amount, Together With Other Funds Available To The Borrower/Grantee, Is Sufficient To Complete The Project; Approving The Form Of And Other Details Concerning The Loan/Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Resolution; And Authorizing The Taking Of Other Actions In Connection With The Execution And Delivery Of The Loan/Grant Agreement.
2. Consideration of R-25-23, A Resolution Authorizing The Execution And Delivery Of A Colonias Infrastructure Project Fund Loan/Grant Agreement (“Agreement” Or “Loan/Grant Agreement”) By And Between The New Mexico Finance Authority (“NMFA,” Or “Lender/Grantor”) And Grant County, New Mexico (“Borrower/Grantee”), For The Benefit Of The Designated Colonia Of Silver Acres, In The Total Amount Of Two Million Three Hundred Forty-Three Thousand Two Hundred Fourteen Dollars ($2,343,214), Evidencing An Obligation Of The Borrower/Grantee To Utilize The Loan/Grant Amount Solely For The Purpose Of Financing The Design, Bidding And Construction Of 0.85 Miles Ridge Road Improvements Phase II, Including Drainage Widening And Bike Paths, And Solely In The Manner Described In The Loan/Grant Agreement; Providing For The Pledge And Payment Of The Loan Amount Of Two Hundred Thirty Four Thousand Three Hundred Twenty-One Dollars ($234,321) Solely From Borrower/Grantee’s Ordinance No. 204Adopted On June 23, 1987, With An Effective Date Of January 1, 1988, Imposing A One-Eighth Of One Percent (0.125%) Increment Of The County Gross Receipts Tax Which The Borrower/Grantee Pledges To The Payment Of The Loan Payments, Which County Gross Receipts Tax Has Been De- Earmarked And Is Now Enforceable Under NMSA1978, § 7-20E-9, As Amended And Acceptance Of A Grant Amount Of Two Million One Hundred Eight Thousand Eight Hundred Ninety-Three Dollars ($2,108,893); Certifying That The Loan/Grant Amount, Together With Other Funds Available To The Borrower/Grantee, Is Sufficient To Complete The Project; Approving The Form Of And Other Details Concerning The Loan/Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Resolution; And Authorizing The Taking Of Other Actions In Connection With The Execution And Delivery Of The Loan/Grant Agreement.
3. <span style="font-family: ;">Consideration of Resolution R-25-22, A Resolution Authorizing The Execution And Delivery Of A Colonias Infrastructure Project Fund Loan/Grant Agreement (“Agreement” Or “Loan/Grant Agreement”) By And Between The New Mexico Finance Authority (“NMFA,” Or “Lender/Grantor”) And Grant County, New Mexico (“Borrower/Grantee”), For The Benefit Of The Designated Colonia Of Little Walnut, In The Total Amount Of Six Million Eight Hundred Sixty-Three Thousand Four Hundred Dollars ($6,863,400), Evidencing An Obligation Of the Borrower/Grantee To Utilize The Loan/Grant Amount Solely For The Purpose Of Financing The Costs Of Phase II Construction Of Little Walnut Road Including Road Widening, Bicycle Lanes And Multi-Use Paved Paths, And Solely In The Manner Described In The Loan/Grant Agreement; Providing For The Pledge And Payment Of The Loan Amount Of Six Hundred Eighty-Six Thousand Three Hundred Forty Dollars ($686,340) Solely From Borrower/Grantee’s Ordinance No. 204 Adopted On June 23, 1987, With An Effective Date Of January 1, 1988, Imposing A One-Eighth Of One Percent (0.125%) Increment Of The County Gross Receipts Tax Which The Borrower/Grantee Pledges To The Payment Of The Loan Payments, Which County Gross Receipts Tax Has Been De-Earmarked And Is Now Enforceable Under NMSA 1978, § 7-20E-9, As Amended And Acceptance Of A Grant Amount Of Six Million One Hundred Seventy-Seven Thousand Sixty Dollars ($6,177,060); Certifying That The Loan/Grant Amount, Together With Other Funds Available To The Borrower/Grantee, Is Sufficient To Complete The Project; Approving The Form Of And Other Details Concerning The Loan/Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Resolution; And Authorizing The Taking Of Other Actions In Connection With The Execution And Delivery Of The Loan/Grant Agreement.
4. <span style="font-family: ;">Consideration of Ordinance O-25-01, An Ordinance Authorizing The Issuance And Sale Of General Obligation Bonds, In One Series Or More, In An Aggregate Principal Amount Not Exceeding $2,500,000.00, For The Purpose Of Infrastructure Improvements Of County-Owned Facilities Within Grant County, New Mexico; Establishing Procedures For The Sale And Delivery Of The Bonds, Including Execution And Delivery Of A Bond Purchase Agreement And Other Documents Between Grant County, New Mexico And The New Mexico Finance Authority; Delegating Authority For Selling And Delivering The Bonds And Setting Dates, Price, Interest Rates, Interest Periods, Maturities, Redemption Provisions, And Other Procedures; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With This Ordinance; And Authorizing Other Matters Related To The Issuance of The Bonds.
5. Approval of the Purchase of a Front Mount Power Broom for the Road Department

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