Ordinances

Ordinance No:

Title

2017-1304(PDF) Authorizing the issuance, sale and delivery of the City of Farmington, New Mexico State-shared Gross Receipts Tax Refunding Bonds, Series 2017 in an aggregate principal amount not to exceed $7,500,000 for the purpose of refunding, defeasing, paying, redeeming and discharging the outstanding principal amounts and accrued interest, as the same become due, on the City of Farmington, New Mexico Sales Tax Improvement and Refunding Revenue Bonds, Series 2012, and paying costs of issuance of the bonds; providing that the bonds will be payable from State-shared gross receipts tax revenues distributed to the City pursuant to Section 7-1-6.4 NMSA 1978, providing that the maturity dates, principal amounts, interest rates, redemption provisions and other details of the bonds will be established in a bond purchase agreement, and delegating authority to the City Administrative Services Director to approve the final terms of the bonds and to execute and deliver the bond purchase agreement; providing for the execution of the bonds and other documents and agreements relating to the bonds by authorized officers of the City; ratifying action previously taken in connection therewith; declaring an emergency; and repealing all ordinances in conflict herewith.
2018-1305(PDF) Authorizing the issuance, sale and delivery of the City of Farmington, New Mexico State-shared Gross Receipts Tax Improvement and Refunding Revenue Bonds, Series 2018 in an aggregate principal amount not to exceed $19,000,000 for the purpose of (1) purchasing and acquiring fire protection vehicles and equipment, designing, purchasing, acquiring and constructing a water park facility, designing, acquiring, purchasing, and constructing trail improvements, designing and constructing street improvements, making capital repairs to the City's aquatic center, remodeling, renovating and improving the civic center, (2) refunding, paying, redeeming and discharging the outstanding principal of, and accrued interest on the City of Farmington, New Mexico Sales Tax Revenue Bonds, Series 2005, and (3) paying costs of issuance of the bonds; providing that the bonds will be payable from State-shared Gross Receipts Tax Revenues distributed to the City pursuant to Section 7-1-6.4 NMSA 1978, providing that the provisions and other details of the bonds will be established in a bond purchase agreement, and delegating authority to authorized officers of the City to approve the final terms of the bonds and to execute and deliver the bond purchase agreement; providing for the execution of the bonds and other documents and agreements relating to the bonds by authorized officers of the City; ratifying action previously taken in connection therewith; and repealing all ordinances in conflict herewith.
2018-1306(PDF) Amending Section 26-2-40 of the Farmington City Code dealing with penalties for violation of water use restrictions
2018-1307(PDF) Authorizing the execution and delivery of a loan and subsidy agreement ("Loan Agreement") by and between the City of Farmington, New Mexico (the "Governmental Unit") and the New Mexico Finance Authority, evidencing a special limited obligation of the Governmental Unit to pay a principal amount of no more than $2,196,750, together with interest, expenses, if any, and administrative fees thereon, and to accept a loan subsidy of no more than $732,250, for the purpose of financing the costs of improving and bettering the Governmental Unit's water system; providing for the pledge and payment of the principal of, administrative fees and interest due under the Loan Agreement solely from the net revenues of the Governmental Unit's water system; setting and interest rate for the loan; approving the form of and other details concerning the Loan Agreement; ratifying actions heretofore taken; repealing all action inconsistent with this ordinance; and authorizing the taking of other actions in connection with the execution and delivery of the Loan Agreement.
2018-1308(PDF) Amending certain sections of Chapter 26 of the Farmington City Code dealing with water shortage
2018-1309(PDF) Approving the annexation of 14.81 acres of land contiguous to the current city limits located south of 30th Street and east of Glade Road
2018-1310(PDF) Amending Chapter 22, Article 2 of the Farmington City Code dealing with economic development
2018-1311(PDF) Amending Section 23-2-7 of the Farmington City Code establishing residential and commercial charges for sanitation service
2018-1312(PDF) Adopting a municipal gross receipts tax
2018-1313(PDF) Adopting a municipal hold harmless gross receipts tax