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635 TOWN OF TAOS ORDINANCES Y NUMBER: (� 3rj FILLMED DOCUMEN'T'S ARE THE BEST AVAILABLE COPIES. • 1 I I I 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 l� 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 " t li appcan . s { (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`, fl . ji (g) Material supplied under the following sC c%ions 0t this Ord: nanco- shall not be made public unless tile, City �s s , si l i � 1 4 J 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 - 2 - 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 y 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 I� i I i i � r 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 !, i ; s 1 l i 1 1 f 1 t I I 1 4 -