Farmington Daily-Times, Southside Mutual Domestic Water Association, San Juan County, New MexicoNotice of Adoption of Resolution Notice is hereby given of the title and of a general summary of the subject matter contained in Resolution No. 070915, duly adopted and approved by the Governing Body of the Southside Mutual Domestic Water Association, New Mexico (the "Governmental Unit"), on July 9, 2015. Complete copies of the Resolution are available for public inspection during normal and regular business hours in the office of theSecretary/Treasurer, located at 300 South Ash St., Aztec, New Mexico 87415. The title of the Resolution is:SOUTHSIDE MUTUAL DOMESTIC WATER ASSOCIATION, SAN JUAN COUNTY, NEW MEXICORESOLUTION NO. 070915AUTHORIZING THE EXECUTION AND DELIVERY OF AN AMENDED AND RESTATED LOAN AND SUBSIDY AGREEMENT ("LOAN AGREEMENT" OR "AMENDED AND RESTATED LOAN AGREEMENT") BY AND BETWEEN THE SOUTHSIDE MUTUAL DOMESTIC WATER ASSOCIATION, SAN JUAN COUNTY, NEW MEXICO (THE "GOVERNMENTAL UNIT") AND THE NEW MEXICO FINANCE AUTHORITY; INCREASING THE ORIGINAL LOAN AMOUNT AND EXTENDING THE TWENTY-FOUR (24) MONTH CONSTRUCTION PERIOD TO REFLECT A COMPLETION DATE OF JULY 19, 2016, EVIDENCING A SPECIAL LIMITED OBLIGATION OF THE GOVERNMENTAL UNIT TO PAY A PRINCIPAL AMOUNT OF NO MORE THAN EIGHT HUNDRED FIFTY THOUSAND NINE HUNDRED TWENTY-FIVE DOLLARS ($850,925), TOGETHER WITH INTEREST, EXPENSES, IF ANY AND ADMINISTRATIVE FEES THEREON, AND TO ACCEPT A LOAN SUBSIDY OF NO MORE THAN ONE HUNDRED NINETY-NINE THOUSAND FOUR HUNDRED SEVENTY-FIVE DOLLARS ($199,475), FOR THE PURPOSE OF FINANCING THE COSTS OF ACQUISITION, INSTALLATION AND COMPLETION OF A CARTRIDGE FILTRATION TECHNOLOGY SYSTEM; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL OF, ADMINISTRATIVE FEES AND INTEREST DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE NET REVENUES OF THE WATER SYSTEM OF THE GOVERNMENTAL UNIT; SETTING AN INTEREST RATE FOR THE LOAN; APPROVING THE FORM OF AND OTHER DETAILS CONCERNING THE AMENDED AND RESTATED LOAN AGREEMENT; RATIFYING ACTIONS HERETOFORE TAKEN; REPEALING ALL ACTION INCONSISTENT WITH THIS RESOLUTION, INCLUDING PROVISIONS OF RESOLUTION NO. 072013 THAT ARE INCONSISTENT WITH THIS RESOLUTION; AND AUTHORIZING THE TAKING OF OTHER ACTIONS IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THE AMENDED AND RESTATED LOAN AGREEMENT. The title sets forth a general summary of the subject matter contained in the Resolution. This notice constitutes compliance with NMSA 1978, § 6-14-6. Legal No 71702 published in The Farmington Daily Times on July 12, 2015
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