VILLAGE OF TAOS SKI VALLEY


RESOLUTION NO. 01-42


AUTHORIZING AND APPROVING SUBMISSION OF A COMPLETED APPLICATION FOR FINANCIAL ASSISTANCE AND PROJECT APPROVAL TO THE NEW MEXICO FINANCE AUTHORITY.




          WHEREAS, the Village of Taos Ski Valley (“Village”) is a qualified entity under the New Mexico Finance Authority Act, Sections 6-21-1 through 6-21-31, NMSA 1978 (“Act”) and the Village Council is authorized to borrow funds and/or issue bonds for financing of public projects for benefit of the Governmental Unit; and


          WHEREAS, the New Mexico Finance Authority (“Authority”) has instituted a program for the financing of projects from the public project revolving fund created under the Act and has developed an application procedure whereby the Village Council may submit an application (“Application”) for financial assistance from the Authority for public projects; and


          WHEREAS, the Village Council intends to undertake acquisition, construction and/or improvements of the following:

 

                              Office/meeting room complex, including land acquisition;

                              Fire Substation, including land acquisition;

                              Improvements to existing main fire station; and,

                              Fire truck


(“Project”) for the benefit of the Village and its citizens; and


          WHEREAS, the application prescribed by the Authority has been completed and submitted to the Village Council and this resolution approving submission of the completed Application to the Authority for its consideration and review is required as part of the Application.


NOW THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TAOS SKI VALLEY:


          Section 1.    That all action (not inconsistent with the provisions hereof) heretofore taken by the Village Council and the officers and employees thereof directed toward the Application and the Project, be and the same is hereby ratified, approved and confirmed.


          Section 2.    That the completed Application submitted to the Village Council, be and the same is hereby approved and confirmed.


          Section 3.    That the officers and employees of the Village Council are hereby directed and requested to submit the completed Application to the Authority for its review and are further authorized to take such other action as may be requested by the Authority in its consideration and review of the Application and to further proceed with arrangements for financing the Project.


          Section 4.    All acts and resolutions in conflict with this resolution are hereby rescinded, annulled and repealed.


           Section 5.    This resolution shall take effect immediately upon its adoption.


PASSES, APPROVED AND ADOPTED this _____ day of _____________, 2000.



                                                                           THE VILLAGE OF TAOS SKI VALLEY




                                                                           By __________________________

                                                                                J. Christopher Stagg, Mayor

(Seal)



ATTEST




_______________________________

       Vanessa N. Chisholm, Clerk




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