LEGAL NOTICE
The Town of Silver City Council will hold a Special Meeting on Tuesday, September 1, 2015 at 8:00 am at the City Annex Building, second floor Conference Room, 1203 N. Hudson Silver City, New Mexico. The public is invited to attend. The Council will discuss and take action on the following:
New Business:
A. Approval / Disapproval of Ordinance No. 1240: concerning the Municipal Joint Utility System of the Town of Silver City, NM; providing for the issuance of the Town's (1) Joint Utility System Improvement Revenue Bonds (Qualified Energy Conservation Bonds - Direct Payment), Taxable Series 2015A in the aggregate principal amount of $4,185,000, to (a) acquire, install, retrofit and replace water meters for the Town's Joint Utility System under the Town's Green Community Program, and (B) pay costs of issuance of the Series 2015A Bonds, and (II) Joint Utility System Refunding Revenue Bonds, Tax-Exempt Series 2015B in the aggregate principal amount of $595,000 to (a) refund, redeem and pay the Town's outstanding loan agreement, as amended, with the NM Environment Department and (b) pay costs of issuance of the Series 2015B Bonds; providing that the Series 2015 Bonds shall be payable out of the net revenues to be derived from the operation of such Joint Utility System and that the Series 2015A Bonds shall also be payable from the Federal subsidy payments from the United States Treasury; providing for the disposition of the revenues to be derived from the operation of such Joint Utility System; providing the form, terms and conditions of the Series 2015 Bonds, the method of paying such and the security therefor; prescribing other details concerning the Joint Utility Revenues and the Joint Utility System, including but not limited to covenants and agreements in connection therewith and with future financing therefor; ratifying action previously taken in connection therewith; and repealing all ordinances in conflict herewith.
B. Approval / Disapproval of Resolution No. 2015-25: a Resolution adopting and approving continuing disclosure compliance procedures for bonds and loans of the Town; other matters relating thereto; and ratifying actions previously taken in connection therewith.
C. Approval / Disapproval of Resolution No. 2015-26: a Resolution adopting and approving post-issuance tax compliance procedures for tax-exempt bonds and loans of the Town; other matters relating thereto; and ratifying actions previously taken in connection therewith.
Adjournment
The complete agenda can be obtained at City Hall, 101 W. Broadway Ave., Silver City, NM or on the Town's website at www.townofsilvercity.org. If you are an individual with a disability who needs a reader, amplifier, qualified sign language interpreter, or any other form of auxiliary aid service to attend or participate in the hearing or meeting, contact the Town Clerk at 534-6346 at least one week prior to the meeting or as soon as possible. Public documents, including the agenda and minutes, can be provided in various accessible formats. Please contact The Town Clerk if summary or other type of accessible format is needed.
AGENDA
1. CALL TO ORDER AND PLEDGE OF ALLEGIANCE
2. NEW BUSINESS
A. Approval / Disapproval of Ordinance No. 1240: concerning the Municipal Joint Utility System of the Town of Silver City, NM; providing for the issuance of the Town's (1) Joint Utility System Improvement Revenue Bonds (Qualified Energy Conservation Bonds - Direct Payment), Taxable Series 2015A in the aggregate principal amount of $4,185,000, to (a) acquire, install, retrofit and replace water meters for the Town's Joint Utility System under the Town's Green Community Program, and(B) pay costs of issuance of the Series 2015A Bonds, and (II) Joint Utility System Refunding Revenue Bonds, Tax-Exempt Series 2015B in the aggregate principal amount of $595,000 to (a) refund, redeem and pay the Town's outstanding loan agreement, as amended, with the NM Environment Department and (b) pay costs of issuance of the Series 2015B Bonds; providing that the Series 2015 Bonds shall be payable out of the net revenues to be derived from the operation of such Joint Utility System and that the Series 2015A Bonds shall also be payable from the Federal subsidy payments from the United States Treasury; providing for the disposition of the revenues to be derived from the operation of such Joint Utility System; providing the form, terms and conditions of the Series 2015 Bonds, the method of paying such and the security therefor; prescribing other details concerning the Joint Utility Revenues and the Joint Utility System, including but not limited to covenants and agreements in connection therewith and with future financing therefor; ratifying action previously taken in connection therewith; and repealing all ordinances in conflict herewith.
B. Approval / Disapproval of Resolution No. 2015-25: a Resolution adopting and approving continuing disclosure compliance procedures for bonds and loans of the Town; other matters relating thereto; and ratifying actions previously taken in connection therewith.
C. Approval / Disapproval of Resolution No. 2015-26: a Resolution adopting and approving post-issuance tax compliance procedures for tax-exempt bonds and loans of the Town; other matters relating thereto; and ratifying actions previously taken in connection therewith.
3. ADJOURNMENT
For information on what €™s happening in local government,
please visit the Town €™s website at www.townofsilvercity.org .