LEGAL NOTICE CITY OF LAS CRUCES, NEW MEXICO Notice of Meeting and Intent to Adopt Ordinance Council Bill No. 26-024; Ordinance No. 3116

LEGAL NOTICE CITY OF LAS CRUCES, NEW MEXICO Notice of Meeting and Intent to Adopt Ordinance Council Bill No. 26-024; Ordinance No. 3116 The City of Las Cruces, New Mexico hereby gives notice of a City Council meeting for Monday, July 20, 2026, to be held at 1:00 pm at City Hall, 700 North Main Street, Las Cruces, New Mexico. At such meeting, the City Council will hold a public hearing and consider for adoption, Ordinance No. 3116 described below. Complete copies of the proposed Ordinance are available for public inspection during the normal and regular business hours of the City Clerk, City Hall, 700 North Main Street, Las Cruces, New Mexico. AN ORDINANCE AUTHORIZING THE EXECUTION AND DELIVERY OF A $3,065,000 LOAN AGREEMENT FOR FLOOD CONTROL INFRASTRUCTURE IMPROVEMENT PROJECTS AND PAYING THE COSTS OF EXECUTION OF THE LOAN AGREEMENT WITH SUCH LOAN AGREEMENT TO BE SECURED BY A LIEN ON THE FIFTH QUARTER PERCENT INCREMENT OF MUNICIPAL GROSS RECEIPTS TAX AND THE HOLD HARMLESS DISTRIBUTIONS ASSOCIATED WITH THE FIFTH QUARTER PERCENT INCREMENT OF MUNICIPAL GROSS RECEIPTS TAX. A general summary of the subject matter of the Ordinance is: The Ordinance authorizes execution and delivery of a Loan Agreement and Intercept Agreement between the City and the New Mexico Finance Authority. The loan will be in the amount not to exceed $3,065,000 with the final terms of the Loan Agreement and Intercept Agreement to be approved by the Delegate pursuant to the Supplemental Public Securities Act. The proceeds of the loan will be used for flood control infrastructure improvement projects. The loan will be secured by the revenues derived from the fifth quarter percent increment of municipal gross receipts tax imposed pursuant to Ordinance No. 1135 adopted on March 26, 1990, with an effective date of July 1, 1990, as amended by City Ordinance No. 1760, adopted on July 27, 1999. The forms of the Loan Agreement and Intercept Agreement are approved along with the details of the loan to be determined by the Delegate within the parameters set forth in this Ordinance. Prior actions of City officials relating to the loan are ratified and further actions are authorized. This notice constitutes compliance with Section 3-17-3 NMSA 1978. June 24 2026 LACO0540499