ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. __R-25-42__
RESOLUTION
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A Resolution Authorizing the Execution and Delivery of a Water Project Fund Loan/Grant Agreement By and Between the New Mexico Finance Authority (NMFA) and the Albuquerque Bernalillo County Water Utility Authority (Borrower/Grantee), In the Total Amount of $14,000,000 ($12,600,000 Grant Amount/$1,400,000 Loan Amount), Evidencing a Special Limited Obligation of the Borrower/Grantee to Utilize the Loan/Grant Amount Solely For the Purpose of Financing the Costs of Constructing a New Arsenic Treatment Plant for Existing Wells in Thomas, Santa Barbara and Yale Wellfields, and Solely In the Manner Described In the Loan/Grant Agreement; Providing For the Pledge and Payment of the Loan Amount and an Administrative Fee Solely From a Super Subordinate Lien (But Not an Exclusive Super Subordinate Lien) On the Net System Revenues of the Water and Wastewater Utility System of the Borrower/Grantee; 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
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RECORD OF PROCEEDINGS RELATING TO THE ADOPTION OF
Resolution NO. ______ OF THE BOARD OF DIRECTORS
OF THE ALBUQUERQUE BERNALILLO COUNTY WATER UTILITY AUTHORITY, BERNALILLO COUNTY, NEW MEXICO
NOVEMBER 19, 2025
STATE OF NEW MEXICO )
) ss.
COUNTY OF BERNALILLO )
The Board of Directors (the "Governing Body") of the Albuquerque Bernalillo County Water Utility Authority (the "Borrower/Grantee") met in a regular session in full conformity with the law and the rules and regulations of the Governing Body at Vincent E. Griego Chambers located at One Civic Plaza,...
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