635 TOWN OF TAOS
ORDINANCES
Y
NUMBER: (� 3rj
FILLMED DOCUMEN'T'S
ARE THE BEST AVAILABLE COPIES.
• 1 I
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AN ORDINANCE UQUIRING THE ISSUANCE
OF REVENUE BONDS PURSUANT TO THE
INDUSTRIAL REVENUE BOND ACT .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TAOS ,
1 NEW MEXICO, as follows :
ff; Section 1, Declaration of Policy. It is the policy of
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the City of Taos, to encourage the location, relocation, or ;
expansion of manufacturing, industrial, or commercial enterprises !
in or near the corporate limits thereof, and to that end to issue
4
f revenue bonds pursuant to the Comunercial and Industrial Project
Bond Act, Laws 1955 , Chapter 254, and to take all other necessary
j action with respect to projects approved by the City Council
upnn application made in accordance with the requirements of this !
ordinance.
I
(a) It is the duty of the Mayor to give prompt and
energetic attention to applications made to this
statute. f
(b) The City Council will. itself make all necessary
�1
determinations of the desirability of projects
Is for which it should endorse the issuance of Industri,'i 1
�! Revenue Bonds . I
1 1
i
1� (c) The City will not employ the provisions of the
Commercial and Industrial Project Bond Act with
(
regard to industries presently located in other partx
of the State of New Mexico if the result of such I
action is to induce the removal of those industries
f om their present location.
{
}i (d) T*e City' de 1 arcs it::; intention 't0
iton any project of ad valorem real est-ate taxes :Ln t•11C.
same amount and manner as i.f the ownership of the
4 real estate .remained in private hands rather than
the tax-exempt status of City ownership.
j
(e) The City will require information and proof= of such
jc matters which will establish the bonafide purposes
�j
of the applicant, while not unnecessarily divulging �
,!
information to the competitive disadvantage of the
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appcan .
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{ (f) The City will, in perzormi.ng its duties , sl�ef_ t_cJ
�( otect and enlar-c- the good Ei:scal reputation of
fj the coma,un i`,
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(g) Material supplied under the following sC c%ions 0t this
Ord: nanco- shall not be made public unless tile, City
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FILMED DOCUMENTS
ARE THE BEST AVAILABLE COPIES.
k i
I Council at a public meeting agrees to issue the
revenue bonds provided hereunder, but this shall not
preclude the City Council from giving such public
notice of its consideration of the application as
necessary to attract the comments and suggestions of
the community .
(h) One Iiundred percent (100%) of all Council members
( shall be present when the matter is voted upon.
4 Section 2, Form of A 2l_i.cation. An application hereunder
shall be filed by the corporation, partnership, proprietorship,
{ or other organisation, which shall own, or propose to purchase or `
{ lease from the City of Taos, the assets of the project as of the i
jdate of the application. The application shall be filed in
y
i� triplicate with the Mayor, shall be typewritten or printed, and f
f shall contain 'the information and documents specified in Section 1►
i
3 hereof.
Section 3 . The applicant shall furnish such relevant
information and documents as may be required by the Mayor and i
� Council in order to evaluate 'the application.
1 (a) That an audit report be furnished for an existing ,
business by a C.P .A. i
(b) That a financial report be furnished by a new 1
business by individuals involved. '
(c) That a credit rating be furnished for existing businep s
:Cron the Credit Bureau or a firm such as Dunn &
Bradstreet. j
f{ Section 4, Execution of Application. At least one copy y
t�
�k of each applicatio: sha11 be manually signed by the applicant, itsi
i� principal Executive off_ic,�..rs, its principal financial officers , ,
{{ its comptroller or principal accounting officer, and all. of its
�y board of directors. If only one copy of the application shall be 1
i
manually signed, each other copy thereof shall be conformed.
+y
1lSection S, RevleW of Materi_a1. Upon receipt of the
material required to be submitted with application, the: Iiayor �
►� i
11 and Council shall review it, availing themselves of the assi.stancell
�
of their staff and such other persons in the business, coiTli-nercial
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1 f
t� ►
1
FILMED DOCUMEN'T'S
ARE THE BEST AVAILABLE COPIES.
and industrial community who, in his judgment, may have experience
and understanding of the matters sufficient properly to evaluate
the application. The applicant may be required to furnish additi n-
al information or to elaborate or explain matters connected there-�
with. Upon the completion of this review, the Mayor and Council
will make their decision.
Section 6, Approval of Application and Issuance of
Industrial Revenue Bonds. if the City Council shall approve the
y application, it shall fix a date on which it will adopt an
ordinance creating an issue of Industrial . Revenue Bonds, and on I
that date shall adopt such ordinance setting forth the terms
upon which the City shall acquire such project and issue such bond s.
1 Section 7 , Closing. On such date and at such time and
place as the City Conunission shall determine, all transactions
I required in connection with the project and the issuance of the
Industrial Revenue Bonds shall be closed. ,
Section 8, Ices . All costs, expenses and other charges �
in connection with any action or proceeding under the Commercial
and Industrial Project Act shall be paid by the applicant. The
City Council may require the payment in advance of an amount
f estimated to be adequate to cover forseeable expenses . All j
I unexpended funds to be returned to the applicant.
Section 9. Treat this ordinance is necessary for the
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f� preservation of the City of Taos, Taos County, New Mexico, an 11
d tti`4
this ordinance is hereby declared to be an emergency maeasure on �
{
the ground of urgent public need and therefore, immediately upon
its f inal passage, shall be recorded in the book of ordinances
,f or said City kept for the purpose, authenticated by the signatureq
{ of the Mayor and City Clerk, and small be published in the Taos
1! News a newspaper published in the City of Taos, of general f
1'
circulation therein, and said ordinance shall be in full :Force 4
i�
3
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and effect on the time specified and required by law, after such
publication.
PASSED, ADOPTED, SIGNED AND APPROVED this h6thday of
_.A-pri 1975 .
PHILIP/CANTU, JR. ,
Mayor of the City of Taos
AT T: 1,
CITY`CLERK 101T-
4 -
FILMED DOCUMENTS
ARE THE BEST AVAILABLE COPIES.
• ORDINANCE NO.
AN ORDINANCE REQUIRING THE ISSUANCE
OF REVENUE BONDS PURSUANT TO THE
INDUSTRIAL REVENUE BOND ACT .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TAOS$
NEW MEXICO, as follows :
Section 1, Declaration of Policy. It is the policy of
the City of Taos, to encourage the location, relocation, or
expansion of manufacturing, industrial, or commercial enterprises
in or near the corporate limits thereof, and to that end to issue
revenue bonds pursuant to the Commercial and Industrial Project
Bond Act, Laws 1955 , Chapter 234, and to take all other necessary
action with respect to projects approved by the City Council
upon application made in accordance with the requirements of this
ordinance.
(a) It is the duty of the Mayor to give prompt and
energetic attention to applications made to this
statute.
(b) The City Council will itself make all necessary
determinations of the desirability of projects
for which it should endorse the issuance of Industrial
Revenue Bonds.
(c) The City will not employ the provisions of the
Commercial and Industrial Project Bond Act with
regard to industries presently located in other part
of the State of New Mexico if the result of such
action is to induce the removal of those industries
from their present location.
(d) The City declares its intention to require the payme t
on any project of ad valorem real estate taxes in th
same apiount and manner as if the ownership of the
real estate remained in private hands rather than in
the tax-exempt status of City ownership.
(e) The City will require information and proof of such
matters which will establish the bonafide purposes
of the applicant, while not unnecessarily divulging
information to the competitive disadvantage of the
applicant .
(f) The City will, in performing its duties, seek to
protect and enlarge the good fiscal reputation of
the community.
(g) Material supplied under the following sections of Lh
ordinance shall not be made public unless the City
- 1 -
FILMED DOCUMENTS
ARE THE BEST AVAILABLE COPIES.
Council at a public meeting agrees to issue the -
revenue bonds provided hereunder, but this shall not
preclude the City Council from giving such public
notice of its consideration of the application as
necessary to attract the comments and suggestions of
the community.
.(h) One Hundred percent (100%) of all Council' members
shall be present when the matter is voted upon.
' Section 2, Form of Application. An application hereunder
shall be filed by the corporation, partnership, proprietorship,
or other organization, which shall own, or propose to purchase or
lease from the City of Taos, the assets of the proje-:=.t as of the
date of the application. The application shall be filed in
triplicate with the Mayor, shall be typewritten or printed, and
shall coar,:ain the information and documents specified in Section
3 hereof.
Section 3. The applicant shall furnish such relevant
informati!= and documents as may be required by the Mayor and
Council in order to evaluate the application.
(a) That an audit report be furnished for an existing
business by a C.P.A.
(b) That a financial report be furnished by a new
business by individuals involved.
(c) That a credit rating be furnished for existing business
from the Credit Bureau or a firm such as Dunn &
Bradstreet.
Section 4, Execution of Application. At least one copy
of each application shall be manually signed by the applicant, its
principal executive officers, its principal financial officers,
its comptroller or principal accounting officer, and all of its
board of directors. If only one copy of the application shall be
manually signed, each other copy thereof shall be conformed.
Section 5 , Review of Material. Upon receipt of the
material required to be submitted with application, the Mayor
and Council shall review it, availing themselves of the assistance
of their staff and such other persons in the business, commercial
2 -
t
FILMED DOCUMENTS
ARE THE BEST AVAILABLE COPIES.
and industrial community who, in his judgment, may have experience
and understanding of the. matters sufficient properly to evaluate
the application. The applicant may be required to furnish addition-
al information or to elaborate or explain matters connected there-
with. Upon the completion of this review, the Mayor and Council
will make their decision.
'
Section 6, Approval of Application and Issuance of
Industrial Revenue Bonds. If the City Council shall approve the
application, it shall fix a date on which it will adopt an
ordinance creating an issue of Industrial Revenue Bonds, and on
that date shall adopt such ordinance setting forth the terms '
upon which . the City shall acquire such project and issue such bon s.
Section 7 , Closing. On such date and at such time and
place as the City Commission shall determine, all transactions
required in connection with the project and the issuance of the
Industrial Revenue Bonds shall be closed.
Section 8, Fees . All costs, expenses and other charc; as
in connection with any action or proceeding under the Commerc.;.al
and Industrial Project Act shall be paid by the applicant. The
City Council may require the payment in advance of an amount
estimated to be adequate to cover forseeable expenses . All
unexpended funds to be returned to the applicant.
Section 9. That this ordinance is necessary for the
preservation of the City of Taos, Taos County, New Mexico, and that
this ordinance is hereby declared to be an emergency measure on
the ground of urgent public need and therefore, immediately upon
its final passage, shall be recorded in the book of ordinances
of said City kept for the purpose, authenticated by the signature
of the Mayor and City Clerk, and shall be published in the Taos
News a newspaper published in the City of Taos, of general
circulation therein, and said ordinance shall be in full force
3 -
FILMED DOCUMENTS
ARE THE BEST AVAILABLE COPIES.
and effect on the time specified and required by law, after such
publication.
PASSED, ADOPTED, SIGNED AND APPROVED this day of
' S
1975 .
r
PHILIP CANTU, JR. ,
Mayor of the City of Taos
ATTEST:
CITY CLERK
4 -
r ORDINANCE NO 63
AN ORDINANCE REQUIRING THE ISSUANCE
OF REVENUE BONDS PURSUANT TO THE
INDUSTRIAL REVENUE BOND ACT .
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TAOS,
�f
NEW MEXICO, as follows :
Section 1, Declaration of Policy . It is the policy of
the City of Taos, to encourage the location, relocation, or
expansion of manufacturing, industrial, or commercial enterprises '
in or near the corporate limits thereof, and to that end to issue.
revenue bonds pursuant to the Commercial and Industrial Project
Bond Act, Laws 1955, Chapter 234, and to take all other necessary
action with respect to projects approved by the City Council
upon application made in accordance with the requirements of this
ordinance.
(a) It is the duty of the Mayor to give prompt ar,d
energetic attention to applications made to `his
statute.
(b) The City Council will itself make all necessary
determinations of the desirability of projects
for which it should endorse the issuance of Industrial
Revenl1 i Bonds .
(c) The City will not employ the provisions of the
Commercial and Industrial Project Bond Act with
regard to industries presently located in other parts
of the State of New Mexico if the result of such
action is to induce the removal of those industries
from their present location.
(d) The City declares its intention to require the payment
on any project of ad valorem real estate taxes in the
same amount and manner as if the ownership of the
real estate remained in private hands rather than in
the tax-exempt status of City ownership.
(e) The City will require information and proof of such
matters which will establish the bonafide purposes
of the applicant, while not unnecessarily divulging
information to the competitive disadvantage of the
applicant .
(f) The City will, in performing its duties, seek to
protect and enlarge the good fiscal reputation of
the community.
(g) Material supplied under the following sections of this
ordinance shall not be made public unless the City
- 1 -
I.
I
! Council at a public meeting agrees to issue the
revenue bonds provided hereunder, but this shall not
preclude the City Council from giving such public
notice of its consideration of the application as
necessary to attract the comments and suggestions of
the community .
(h) One Hundred percent (100%) of all Council members
shall be present when the matter is voted upon.
Section 2, Form of Application. An application hereunder
i
shall be filed by the corporation, partnership, proprietorship,
or other organization, which shall own, or propose to purchase or
lease from the City of Taos, the assets of the project as of the
date of the application. The application shall be filed in
triplicate with the Mayor, shall be typewritten or printed, and
shall contain the information and documents specified in Section
3 hereof.
Section 3 . The applicant shall furnish such relevant
information and documents as may be required by the Mayor and
Council in order to evaluate the application.
(a) That an audit report be furnished for an existing
business by a C.P.A.
(b) That a financial report be furnished by a new
business by individuals involved.
(c) That a credit rating be furnished for existing business
from the Credit Bureau or a firm such as Dunn &
Bradstreet.
Section 4, Execution of Application . At least one copy
of each application shall be manually signed by the applicant, its
principal executive officers, its principal financial officers,
its comptroller or principal accounting officer, a:d all of its
board of directors . If only one copy of the afplication shall be
manually signed, each other copy thereof shall oe conformed.
Section 5, Review of Material. Upon receipt of the
material required to be submitted with application, the Mayor
�) and Council shall review it, availing themselves of the assistance
of their staff and such other persons in the business, commercial
2 -
i
i
l
V'
{ and industrial community who, in his judgment, may have experience!
and understanding of the matters sufficient properly to evaluate
the application. The applicant may be required to furnish addition-
; 1
al information or to elaborate or explain matters connected there-
with. Upon the completion of this review, the Mayor and Council
will make their decision.
Section 6, Approval of Application and Issuance of
Industrial Revenue Bonds. If the City Council shall approve the
application, it shall fix a date on which it will adopt an
ordinance creating an issue of Industrial Revenue Bonds, and on
that date shall adopt such ordinance setting forth the terms
upon which the City shall acquire such project and issue such bonds .
Section 7, Closing . On such date and at such time and
place as the City Commission shall determine, all transactions
required in connection with the project and the issuance of the
Industrial Revenue Bonds shall be closed.
Section 8, Fees. All costs , expenses and other charges
in connection with any action or proceeding under the Commercial
and Industrial Project Act shall be paid by the applicant. The
City Council may require the payment in advance of an amount
estimated to be adequate to cover forseeable expenses . All
unexpended funds to be returned to the applicant.
Section 9. That this ordinance is necessary for the
preservation of the City of Taos, Taos County, New Mexico, and that
this ordinance is hereby declared to be an emergency measure on
the ground of urgent public need and therefore, immediately upon
its final passage, shall_ be recorded in the book of ordinances
of said City kept for the purpose, authenticated by the signatures
of the Mayor and City Clerk, and shall be published in the Taos
News a newspaper published in the City of Taos, of general
circulation therein, and said ordinance shall be in full force
3 -
i
and effect on the time specified and required by law, after such
publication.
PASSED, ADOPTED, SIGNED AND APPROVED this �1hday of
I
i April 1975 .
I
PH LIP CANTU, JR. ,
Mayor of the City of Taos
AT T:
`j
C?T`I,;CLERK !,
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