Mesa del Sol Tax Increment Development District #1
Albuquerque, New Mexico
Notice of Adoption of
Notice is hereby given of the title and general summary of the subject matter contained in a resolution, duly passed and approved by the Board of Directors of Mesa del Sol Tax Increment Development District No. 1 on April 28, 2022, relating to the the authorization and issuance of the District’s Short Term Tax Bond, Series 2022 (the “Bond”). Full copies of the resolution are available for public viewing during normal and regular business hours from the District Clerk, c/o Lawrence Rael, City of Albuquerque, 1 Civic Plaza, Albuquerque, New Mexico 87102.
The title of the Resolution is:
A RESOLUTION AUTHORIZING THE ISSUE OF THE DEVELOPMENT DISTRICT OF TAX INCREMENT MESA DEL SOL NO. 1 SHORT-TERM TAXABLE OBLIGATION ON TAX INCREASE REVENUES, SERIES 2022 IN THE PRINCIPAL AMOUNT NOT EXCEEDING $1,237,949 TO FINANCE THE ACQUISITION AND PAYMENT OR REIMBURSEMENT OF CERTAIN INFRASTRUCTURE IMPROVEMENTS PUBLIC, TO BE SECURED BY GROSS TAX INCREASE REVENUES GENERATED IN THE DISTRICT NO. 1; AUTHORIZING THE EXECUTION AND DELIVERY OF A SERIES 8 DEED PROVIDING THE SPECIFIC FEATURES AND CONDITIONS OF THE BOND, SUBJECT, IF NECESSARY, TO THE REVIEW AND APPROVAL OF THE NEW MEXICO FINANCIAL AUTHORITY, AN EIGHTH ADDITIONAL DEVELOPMENT AGREEMENT, BOND PURCHASE AGREEMENT, APPLICATION FORM AND OTHER AGREEMENTS AND CERTIFICATES RELATING TO THE BOND; AUTHORIZING THE SALE OF THE BOND TO THE PURCHASER OF IT; RATIFICATION OF PRIOR COMPLIANT ACTIONS; AND REPEAL OF PRIOR INCONSISTENT ACTIONS.
A general summary of the subject matter contained in the resolution is presented in its title. This notice constitutes compliance with § 6-14-6 NMSA 1978.
Newspaper: May 7, 2022
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