You are here: HomeNewsFront Page News ArticlesGC Commission Approves $339,000 Bond Issue for North Hurley Water System

GC Commission Approves $339,000 Bond Issue for North Hurley Water System

by Charlie McKee

In a Special Meeting on August 22, 2013, the Grant County Commission approved Ordinance No. 13-07, the issuance of a new Utility System Revenue Bonds, Series 2013, in the amount of $339,000. The funds are to be used "for the purpose of acquiring, extending, enlarging, bettering, repairing, and otherwise improving water and/or wastewater system improvements in the North Hurley Area." A portion of the funds will also be used to pay the cost of the bond issuance. The funding will allow the County to address North Hurley pumping station problems that have been requiring attention for more than two years.

During the Public Hearing portion of the Special Meeting, Christopher P. Muirhead, attorney for Modrall Sperling Roehl Harris & Sisk, P.A., explained the advantages of the U.S. Department of Agriculture (USDA) combination grant/loan deal. The $339,000 portion of the agreement would be a 40 year loan at 2.75%, which is a significant advantage over public rates, and the USDA will impose no penalty for prepayment of the loan. The County will not be pledging any gross receipts tax or property tax funds to pay the loan, but will use certain utility revenues for the annual $13,400 loan payment.

Muirhead noted that his firm, who has expertise in the issuance of USDA-funded bonds, is engaged to ensure that these tax exempt bonds meet the IRS and SEC regulations on such bonds. He highlighted the fact that the USDA deal includes a grant of $908,000 in combination with the bond issuance, which the USDA provides as part of its programs for rural utility systems. Muirhead emphasized the attractiveness of the package, amounting to more than $1 million for the County to improve North Hurley's water system.

At the conclusion of the Public Hearing, the Commissioners voted to approve Ordinance No. 13-07. The Commissioners then also approved a proclamation declaring September 25 to 29, 2013, as "Grant County Fair Days" in honor of the Fair's 65th year. Commission Chair Brett Kasten presented the proclamation to Richard Lawyer and Barbara Burris of the Grant County Fair Board.

The Commission then recessed and convened as the Grant County Canvassing Board to approve the August 19, 2013, Special Election Results for the increase in Gross Receipts Tax, which was defeated by a two-thirds majority. County Clerk Robert Zamarripa reported that the mail-in ballots resulted in much higher voter response than the standard election process requiring voters to come to polling sites. A total of 6,057 ballots were returned, amounting to 29 percent of the eligible Grant County voters.

The Commissioners voted to approve the Special Election Results. Kasten then adjourned the Canvassing Board and reconvened as the Board of County Commissioners to adjourn the meeting.


Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates! You will be subscribed to email notifications with links to recently posted articles.
You can unsubscribe anytime. We never share or rent your email to anyone.

Fire Alerts

Editor's Note

Twice lately, someone has used one of MY photos, TAKEN by ME, without attribution or payment to me or the Beat. Remember that ALL PHOTOS ON THE SITE ARE COPYRIGHTED BY THE PHOTOGRAPHER. All content is also automatically copyrighted to the creator, when it is posted. 

For all you non-profits out there who hold regular fundraisers and want to thank your supporters, the Beat has a new flat rate of $20 plus GRT for Thank You Ads, which are posted under Community. Thanks for supporting the Beat.

The Beat is very pleased and excited to announce that it has an intern, Alexis Rico, who is studying journalism at New Mexico State University. Please welcome her. We will be experimenting together on some new ways to provide the news to you. We look forward to your comments to This email address is being protected from spambots. You need JavaScript enabled to view it. .

Thanks for being a Beat reader!

The Beat thanks all of you who have become friends of the Beat by sponsoring pages.

We have added a new category under Sponsors on the menu—Local businesses. You and your business can benefit from the exposure by contacting the Beat at This email address is being protected from spambots. You need JavaScript enabled to view it. . Someone will contact you for an interview and to take photos. The cost for the sponsorship is $100, and you can continue the relationship by advertising your business for a longer term. The longer the term, the better the discount you receive.

The Beat is now posting legal notices for area governmental agencies. Check under the menu item Community to find Legals for what's happening in the area in the way of meetings and other legal notices.

You may have noticed a blue button on the upper left side of most pages. It says Sponsor GCBTo help defray ever-increasing costs of the Beat and to prevent the requirement for paid subscriptions, the Beat is asking you to choose an amount you want to pay on a one-time or regular basis to SPONSOR a page or feature that you rely on. 

If you subscribe to the Join GCB Three Times Weekly Updates option on the left side of this page, you will be subscribed to email notifications with links to recently posted articles.

Comics are now available. As the editor, I chose my favorites first--B.C. and Wizard of Id. The Beat is seeking sponsors for these comics and for your favorites, too. Contact This email address is being protected from spambots. You need JavaScript enabled to view it.  for rates. 

Check Out Classifieds.

It's really easy to check to see if there's a classified ad. Just click on Classifieds in the blue menu and the page will open letting you know if there is a classified ad. Remember that your buying classified ads gives you a wide readership, as well as supporting the Beat.

Post YOURS for quick results!

Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com.

Go to top