OR1011-24a
Approval & Recommendation to Council of the 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
- 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
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Board of Public Utilities
- Requested by
- Department of Public Utilities
- Introduced
- March 6, 2024
- On agenda
- March 20, 2024
- Passed
- March 20, 2024
Where it was heard
Board of Public UtilitiesWatch what Los Alamos County buys
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