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Town Council

April 28, 2026 Final
Agenda PDF Official record ↗

Agenda — 3 items

  1. <strong data-pasted="true">Approval / Disapproval of RESOLUTION 2026-15:</strong><strong> </strong><strong>A RESOLUTION </strong><strong> AUTHORIZING THE EXECUTION AND DELIVERY OF A COLONIAS </strong><strong> INFRASTRUCTURE PROJECT FUND LOAN/GRANT AGREEMENT </strong><br><strong> (“Agreement” or “loan/grant agreement”) BY AND BETWEEN </strong><strong> THE NEW MEXICO FINANCE AUTHORITY (“NMFA,” OR </strong><strong> LENDER/GRANTOR”) AND THE Town of Silver City, GRANT COUNTY </strong><strong> NEW MEXICO (“BORROWER/GRANTEE”) IN THE TOTAL AMOUNT OF </strong><strong> TWO MILLION dollars ($2,000,000), EVIDENCING AN OBLIGATION OF </strong><strong> THE BORROWER/GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT </strong><strong> SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF</strong><strong> </strong><strong> Construction of Swan Street Phase. I, which includes but is </strong><br><strong> not limited TO PAVING, curb & gutter, sidewalks, and ADA </strong><strong> improvements, AND SOLELY IN THE MANNER DESCRIBED IN THE </strong><strong> LOAN/GRANT AGREEMENT; PROVIDING FOR THE PLEDGE AND </strong><strong> PAYMENT OF THE administrative fee, interest, and LOAN </strong><strong> AMOUNT OF </strong><strong>TWO hundred thousand dollars ($200,000) SOLELY </strong><br><strong> FROM</strong><strong> THE BORROWER/GRANTEE’S ORDINANCE NO. 671, adopted on </strong><strong> August 17, 1981, with an effective date of January 1, 1982 </strong><strong> imposing a one-quarter of one percent (0.25%) increment of </strong><strong> the municipal gross receipts tax from which the </strong><strong> Borrower/Grantee pledges to the payment of the Loan </strong><strong> Payments one-eighth of one percent (0.125%), which municipal </strong><strong> gross receipts tax has been de-earmarked and is now </strong><strong> enforceable under NMSA 1978, § 7-19D-9, as amended; acceptance of a Grant Amount of one million eight hundred thousand dollars ($1,800,000); 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. <strong data-pasted="true">Approval / Disapproval of RESOLUTION 2026-14: A RESOLUTION TO FORM A </strong><strong>DOWNTOWN ACTION PLANNING COMMITTEE FOR THE TOWN OF </strong><strong>SILVER CITY, NEW MEXICO.
  3. <strong data-pasted="true">Mayors’ appointment of Councilor Nañez as Ex Officio nonvoting member to the </strong><strong> Downtown Action Planning Committee.

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