| | | | | | | | AGENDA MEMORANDUM
Village of Ruidoso Public Hearings - 3. |
| | | | | | | | To:
| Mayor Crawford and Councilors
| Presenter(s):
| Cade Hall, Fire Chief
Judi Starkovich, finance Director
| Meeting Date:
| September 9, 2025
| Re:
| Public Hearing for Adoption 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.
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| | | | | | | | Item Summary:
Public Hearing for Adoption 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:
In addition to the loan, the Village will be required to pay $200,000 to purchase the trucks. Funds are currently included in the cash reserve of the Fire Special Revenue Fund (Fund #209). |
| | | | | | | | 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 Adoption 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. |
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