Introduction of Incorporated County of Los Alamos Ordinance No. 731, an Ordinance Authorizing the Incorporated County of Los Alamos (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 $800,000 Plus (0.01%) Accrued Interest; and Loan Subsidy Grant Funds in the Amount of $200,000 for a Total Funded Amount of $1,000,000; Designating the Use of the Funds for the Bayo Non-potable Booster Station Refurbishment 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

What this record is

Held by

Introduction of Incorporated 9 records across this site

Amount

$200K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Compared to

$700K – $2.73M the middle half of 8 other Introduction of Incorporated contracts; median $2.50M — this one sits well outside that, which a longer term or wider scope will do, but is worth reading

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Introduction of Incorporated also holds

Introduction of Incorporated County Of Los Alamos Ordinance No. 764 An Ordinance Approving A Metropolitan Redevelopment Act Project, Including Public … Los Alamos County, NM Introduction of Incorporated County of Los Alamos Ordinance No. 759; An Ordinance Authorizing the Execution and Delivery of a Water Project Fund Loan/… $3.25M Los Alamos County, NM Introduction of Incorporated County of Los Alamos Ordinance No. 751, An Ordinance Authorizing the Execution and Delivery of a Water Project Fund Loan/… $2.50M Los Alamos County, NM Introduction of Incorporated County of Los Alamos Ordinance No. 749, An Ordinance Authorizing the Execution and Delivery of a Water Project Fund Loan/… $2.00M Los Alamos County, NM Introduction of Incorporated County of Los Alamos Ordinance No. 741; an Ordinance Authorizing the Execution and Delivery of a Loan and Subsidy Agreeme… $2.73M Los Alamos County, NM

All 9 records for Introduction of Incorporated →

Committee

County Council - Regular Session

Requested by

Department of Public Utilities

Introduced

March 7, 2024

On agenda

March 26, 2024

Where it was heard

County Council - Regular Session Mar 26, 2024

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