Notice of Adoption of Resolution
NMSU DOÑA ANA BRANCH COMMUNITY COLLEGE DISTRICT
NOTICE OF ADOPTION OF RESOLUTION
AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION (LIMITED TAX) BONDS
NOTICE IS HEREBY GIVEN that the governing board of Doña Ana Community College District, Doña Ana County, New Mexico, did on the 26th day of August, 2025, adopt a resolution entitled:
A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF DOÑA ANA COMMUNITY COLLEGE DISTRICT, DOÑA ANA AND OTERO COUNTIES, NEW MEXICO, GENERAL OBLIGATION (LIMITED TAX) BONDS, SERIES 2025 IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $6,000,000, DATED AS OF THE DATE OF DELIVERY, PAYABLE FROM AD VALOREM TAXES LEVIED ON ALL TAXABLE PROPERTY WITHIN THE DISTRICT WHICH LEVY SHALL NOT EXCEED FIVE MILLS; PROVIDED, HOWEVER, THAT THIS FIVE-MILL LIMITATION MAY BE EXCEEDED IN ANY YEAR IN WHICH THE VALUATION OF THE PROPERTY WITHIN THE DISTRICT DECLINES TO A LEVEL LOWER THAN THE VALUATION OF THE PROPERTY WITHIN THE DISTRICT IN THE YEAR IN WHICH THE BONDS WERE ISSUED; PROVIDING FOR THE FORM, TERMS AND CONDITIONS OF THE BONDS, THE MANNER OF THEIR EXECUTION, AND THE METHOD OF, AND SECURITY FOR, PAYMENT; PROVIDING FOR THE APPROVAL OF VARIOUS AGREEMENTS RELATING TO THE BONDS; DELEGATING AUTHORITY TO THE DELEGATE TO DETERMINE THE FINAL TERMS OF THE SERIES 2025 BONDS WITHIN THE PARAMETERS ESTABLISHED IN THIS RESOLUTION PURSUANT TO THE SUPPLEMENTAL PUBLIC SECURITIES ACT; AND RATIFYING ACTION PREVIOUSLY TAKEN CONCERNING THE BONDS.
The Resolution directs and authorizes the issuance of Doña Ana Community College District, Doña Ana County, New Mexico General Obligation (Limited Tax) Bonds, Series 2025 (the "Bonds"), in the aggregate principal amount not to exceed $6,000,000; delegates authority to the Delegate to determine the final terms of the Bonds pursuant to the Supplemental Securities Act and to award the sale of the Bonds to the New Mexico Finance Authority as the purchaser of the Bonds in a private sale within the parameters of this Resolution pursuant to a Sale Certificate and to enter into a Bond Purchase Agreement with the New Mexico Finance Authority; provides for the delivery thereof; provides for the form of the Bonds; provides for levy of taxes to pay the principal of and interest on the Bonds; makes certain covenants with the Bond purchaser; and provides other details concerning the Bonds. Complete copies of the Resolution are available for public inspection during normal and regular business hours at the office of the Vice President for Business and Finance of Doña Ana Community College District, 2800 North Sonoma Ranch Boulevard, Las Cruces, New Mexico. This notice constitutes compliance with Section 6-14-6 NMSA 1978.
DATED this 26th day of August, 2025.
DOÑA ANA COMMUNITY COLLEGE DISTRICT
August 31 2025
LACO0360733