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February 12, 2016CITY OF CARLSBAD, EDDY COUNTY, NEW MEXICO NOTICE OF ADOPTION OF RESOLUTION

Notice is hereby given of the title and of a general summary of the subject matter contained
in Resolution No. 2016-06, duly adopted and approved by the City Council of the City of Carlsbad on February 9, 2016. A complete copy of the Resolution is available for public inspection during normal and regular business hours in the office of the City Clerk, at 101 North Halagueno, Carlsbad, New Mexico 88220. The title of the Resolution is:

CITY OF CARLSBAD, EDDY COUNTY, NEW MEXICO RESOLUTION NO. 2016-06 A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A WATER PROJECT FUND LOAN/GRANT AGREEMENT BY AND BETWEEN THE NEW MEXICO FINANCE AUTHORITY ("FINANCE AUTHORITY" OR THE "LENDER/ GRANTOR") AND THE CITY OF CARLSBAD (THE "BORROWER/ GRANTEE"), IN THE TOTAL AMOUNT OF TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000), EVIDENCING AN OBLIGATION OF THE BORROWER/ GRANTEE TO UTILIZE THE LOAN/GRANT AMOUNT SOLELY FOR THE PURPOSE OF FINANCING THE COSTS OF CONSTRUCTION OF IMPROVEMENTS TO THE EXISTING EFFLUENT REUSE SYSTEM TO INCREASE STORAGE AND DELIVERY AND TO EXTEND THE EFFLUENT WATER SYSTEM TO CITY PARKS ON BOTH SIDES OF THE PECOS RIVER, NORTH OF GREEN ST., TO INCLUDE CONSTRUCTION OF THE STORAGE AND PUMPING COMPONENTS TO BE LOCATED AT THE WASTEWATER TREATMENT PLANT, AND THE UPGRADE OF THE EFFLUENT WATERLINE FROM 10 INCH TO 12 INCH, AND SOLELY IN THE MANNER DESCRIBED IN THE LOAN/GRANT AGREEMENT; PROVIDING FOR PAYMENT OF THE LOAN AMOUNT AND AN ADMINISTRATIVE FEE SOLELY FROM THE NET SYSTEM REVENUES OF THE JOINT WATER AND WASTEWATER 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.

A general summary of the subject matter of the Resolution is contained in its title. This notice constitutes compliance with NMSA 1978, § 6-14-6, as amended.

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