Item Coversheet

AGENDA MEMORANDUM

Village of Ruidoso

Consent Regular Item - 5.

To:
Mayor Crawford and Councilors 

Presenter(s):

Cade Hall, Fire Chief

Judi Starkovich, finance Director

 

Meeting Date:

August  12, 2025
Re:

Approval of Request to Schedule a Public Hearing for September 9, 2025, for Consideration of Ordinance 2025-05, an Ordinance Authorizing the Execution and Delivery of a Loan Agreement and Intercept Agreement by and Between the Village of Ruidoso and the New Mexico Finance Authority in the Amount of $1,502,424.00, Together with Interest Thereon for the Purpose of Purchasing Two Class A Pumper Fire Trucks and Authorizing the Taking of Actions in Connection with the Execution and Delivery of the Loan Agreement and Intercept Agreement. 

Item Summary:

Approval of Request to Schedule a Public Hearing for September 9, 2025, for Consideration of Ordinance 2025-05, an Ordinance Authorizing the Execution and Delivery of a Loan Agreement and Intercept Agreement by and Between the Village of Ruidoso and the New Mexico Finance Authority in the Amount of $1,502,424.00, Together with Interest Thereon for the Purpose of Purchasing Two Class A Pumper Fire Trucks and Authorizing the Taking of Actions in Connection with the Execution and Delivery of the Loan Agreement and Intercept Agreement.

Financial Impact:

*

Item Discussion:

A Public Hearing for September 9, 2025, for Consideration of Ordinance 2025-05, an Ordinance Authorizing the Execution and Delivery of a Loan Agreement and Intercept Agreement  by and Between the Village of Ruidoso and the New Mexico Finance Authority in the Amount of $1,502,424.00, Together With Interest thereon for the Purpose of Purchasing Two Class A Pumper Fire Trucks and Authorizing the Taking of Actions in Connection with the Execution and Delivery of the Loan Agreement and Intercept Agreement

Recommendations:

To Approve Request to Schedule a Public Hearing for September 9, 2025, for Consideration of Ordinance 2025-05, an Ordinance Authorizing the Execution and Delivery of a Loan Agreement and Intercept Agreement by and Between the Village of Ruidoso and the New Mexico Finance Authority in the Amount of $1,502,424.00, Together with Interest Thereon for the Purpose of Purchasing Two Class A Pumper Fire Trucks and Authorizing the Taking of Actions in Connection with the Execution and Delivery of the Loan Agreement and Intercept Agreement.

ATTACHMENTS:
Description
Notice of Hearing