[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6747280,"mediaKeyId","2091749-aa14ee6e5fea71764bdc777dbaa1da45","parentId",2091749,"title","Sandoval County moves GO bond financing to New Mexico Finance Authority after bank changes terms","audioSeconds",332,"startMs",1644000,"endMs",1976000,"viewUrl","/Search/View?dp=1&key=2091749-aa14ee6e5fea71764bdc777dbaa1da45&start=1644&end=1976","thumbnailUrl","https://assets.pipeline.soar.com/2091749-aa14ee6e5fea71764bdc777dbaa1da45/thumbnail_1644000.jpg","articleUrl","/articles/6747280/Sandoval-County/New-Mexico/Sandoval-County-moves-GO-bond-financing-to-New-Mexico-Finance-Authority-after-bank-changes-terms","mediaUrl","https://secure.pipeline.soar.com/6747280-a378bfa784130b133d8d53986589033d/orig.mp4?Expires=1771173549&Signature=EzLxerHzv~htUH~GHLE3~SSrXeWkzT5yGsZmnSaq11Kkagx2Us1~5J~1Dr3i40KuEX~D18u1xyuBIQNr25A0pNpk7cLZ2J78XAa95mSonlxucrNHJQS3h9XVpqGy8kZuQelyhLwG80CnEGhQBvlgOxYrVYCwJ6ZHMkjduoI~mS3~l98rztZu89Y6cvTM4EA3GSVXIPaEf0t-vXOW3ti0GXu4~2fr7k-0WAYul6kUpTC7Oco3tQmPsAOV8pX9I3ZIxoo9ZFJel~ip3tgYQcwoy4sg1Mbm85Y4FsH-zxLu9HsDnYTeFpcmwnJKMAP~DlcKU4AP8qvOl~wWu~GV63P6jw__&Key-Pair-Id=KUT5TJCACFTXG","author","Sandoval County","date","2025-01-08T00:00:00Z","article","Sandoval County financial staff told the Board of County Commissioners on Monday that a local bank last month altered terms on negotiated general-obligation (GO) bond financings, prompting the county to seek funding instead through the New Mexico Finance Authority.

Rob Burpo, the county financial advisor, said Century Bank — the lender the county had worked with since 2017 — notified staff one week before the scheduled closing that it would “increase the interest rate and triple the fees” and in effect make the transaction a taxable-equivalent loan. “We felt it was in the best interest of the county to forego further work with them on that transaction,” Burpo said.

Burpo said county staff applied to the New Mexico Finance Authority (NMFA) immediately and worked over the holiday period to complete underwriting materials. He told the board the county expects a delayed closing in late February or early March and that the switch could extend the timeline by roughly two and a half months.

County counsel Jill Sweeney explained the resolutions before the board (items 12B and 12C) authorize submission of the applications to NMFA and publication of the required notice of intent to adopt an ordinance; final terms and interest rates will be set through NMFA’s formal process and a subsequent ordinance returning to the board.

Burpo and Sweeney described the package as covering public-works projects and longer-term items such as telecommunications and EMS equipment. Staff described the public-works portion as a roughly multi-million-dollar tranche and the longer items on a multi-decade amortization; in the meeting Burpo said the public-works financing would be on a 10-year amortization and the telecommunications/EMS items on a 22-year amortization.

Commissioners discussed market timing and interest-rate risk. Burpo said current municipal-like rates were in the low-to-mid 3% range for shorter amortizations and around the mid-4% area for longer debt, and he cautioned that interest rates have moved recently. “We just don’t know what the interest rates will be in two and a half months,” he said.

The board voted unanimously to authorize the submission of the NMFA applications and the accompanying notice procedures (voice vote recorded by the clerk). Burpo said staff will return with a formal ordinance and final terms after NMFA’s review and approval.

The board also directed staff to continue outreach and to keep commissioners informed about the schedule for the NMFA process and any material changes to expected rates or closing timeline.","mediaType","Video","parentTitle","Sandoval County - County Commission - Jan 08, 2025","oneSentenceSummary","Sandoval County financial staff told the Board of County Commissioners on Monday that a local bank last month altered terms on negotiated general-obligation (GO) bond financings, prompting the county to seek funding instead through the New Mexico Finance Authority.","taxTitle","Sandoval County, New Mexico","taxId",2697,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6747275,"Sandoval County commissioners elect Meek chair, Juarez vice chair and ratify external appointments",57,321000,378000,"/Search/View?dp=1&key=2091749-aa14ee6e5fea71764bdc777dbaa1da45&start=321&end=378","https://assets.pipeline.soar.com/2091749-aa14ee6e5fea71764bdc777dbaa1da45/thumbnail_321000.jpg","/articles/6747275/Sandoval-County/New-Mexico/Sandoval-County-commissioners-elect-Meek-chair-Juarez-vice-chair-and-ratify-external-appointments","https://secure.pipeline.soar.com/6747275-b1c4bf538ad5aa60265266b6d9a9f77e/orig.mp4?Expires=1771173549&Signature=T8pfJPETdx~Dt2400jHxQ76uT63sN4G7DY4DEwLVRT8ojSb7wZdgnlol0FiF-uODxruPe1-26mcCK3LpG5ZNr3WfhnMJNgQ0dCCM3b4hZaGY-HKjCtumHbCWlD~84JtrWZBVGnRoGwZ-ROaCQJJNfSsUzUAiIdLIvz3lQkYnqFEMo3IIJMNjHY-1-YJ639tbgdBlB-2pOuMkTf~hTAP-Qsx21itYcemY9iIDPEGDToMtY8-mB1K8mafqLosQcBPRM2j0krJEn-Nlk0Uu7hKA5lR8r-lXVXb4PsFptauxXodgVOyKOfQwG1vF1mneckX65nRVAWrjDjm3AdW~Ws~X8Q__&Key-Pair-Id=KUT5TJCACFTXG","The Sandoval County Board of County Commissioners on Monday elected Commissioner Meek as chair and Commissioner Juarez as vice chair for 2025 and ratified a slate of external board and committee assignments.

Commissioner Meek was nominated and approved by voice vote after a call for nominations. Commissioner Juarez was likewise nominated and approved as vice chair. The clerk recorded unanimous affirmative votes for both officer elections.

County Manager Johnson reviewed openings for several external boards and committees left by departing commissioners, including an executive position on the Mid-Region Council of Governments (MRCOG), a seat on the Metropolitan Transportation Board, and a vacancy on the Juvenile Justice Advisory Committee. The board confirmed Commissioner Jones to fill the MRCOG executive position by acclamation and voted to ratify the 2025 external-board assignments as a package.

County staff also noted minor staffing changes for alternates on external boards: the county attorney volunteered to serve as an alternate on one MRCOG seat and staff confirmed an alternate director of planning and zoning assignment change (from Makita Hill to Daniel Beaman) on the roster.

All motions to appoint and to ratify the listed external-board and committee assignments were approved by unanimous voice vote.","At its organizational meeting the board elected Commissioner Meek as chair and Commissioner Juarez as vice chair, and ratified 2025 external board and committee assignments, including filling a seat on the Mid-Region Council of Governments executive board with Commissioner Jones and confirming county staff alternates.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6747271,"Public commenters urge civic reform movement and voice support for Diamond Tail solar project",433,1030000,1463000,"/Search/View?dp=1&key=2091749-aa14ee6e5fea71764bdc777dbaa1da45&start=1030&end=1463","https://assets.pipeline.soar.com/2091749-aa14ee6e5fea71764bdc777dbaa1da45/thumbnail_1030000.jpg","/articles/6747271/Sandoval-County/New-Mexico/Public-commenters-urge-civic-reform-movement-and-voice-support-for-Diamond-Tail-solar-project","https://secure.pipeline.soar.com/6747271-2d938a95e5dd4ddee7d2f83a7feee86d/orig.mp4?Expires=1771173549&Signature=KdrCPTcq2JKV-Cd2u~VQ70qPnQCvtkO202~cUjKh0CiCaNJN~KS8O9M4e1CAVy4vZv677wh~T8MYUiDbhITS-9GFfE08r~ys0v3y9px0~qQAi44QKzgn2FGV4Dg6~br8yZMC7VO85QkVEi2Pm7T3w-OO2puoHFpnyty0xNLe4TN~rEpL6TdiuOvDjtPkyuawMl4FIunhjS1GofTJoxGfUs4NNT4dozxovUtkTQN0Qt5Ktn85O18349AcHlTJPl1ZmHQGlxPiD9-niHBvOuoL8gyQFpwC5llSgXbLy0t~7~srzv9JnFFRhl6VAT0g8fVID4uXS4Ih2Q5tVLIwTbIEJQ__&Key-Pair-Id=KUT5TJCACFTXG","Speakers during the Sandoval County public-comment period addressed several unrelated topics, including a civil‑authority/sovereignty advocacy effort and support for a proposed local solar project.

Daniel Chavez described a video and supporting documents he said explain “how we lost our republic and also how we got it back,” urging people to visit a website and subscribe to a newsletter. Micah Crystal (identified in the transcript as Dr. Mariecki) expanded on that theme and described actions taken by the group to “rehabilitate the abandonment republic” and encouraged attendees to declare “sovereign status.” Those remarks were delivered during public comment and were not statements by county officials.

Other residents offered civic remarks welcoming newly seated commissioners; Ramona Goolsby and Rhonda Orchard thanked the board and urged accountability and civic engagement. Fred Walti spoke in favor of the Diamond Tail solar project and said he supports rapid deployment of carbon‑free energy. County staff told the speaker the project hearing was not on that night’s agenda and that staff will schedule a separate hearing to hear the appeal and accommodate public interest.

The board did not take formal action on any speaker requests during the public-comment period; items raised were recorded as public comment and will be handled through the county’s pending procedures where appropriate.","During the public-comment period residents promoted a sovereign-republic advocacy effort and a separate speaker said he supports the Diamond Tail solar project; county staff said the solar appeal will be scheduled for a separate hearing.","actionData","errors"]

Article not found

Sandoval County moves GO bond financing to New Mexico Finance Authority after bank changes terms

Sandoval County commissioners elect Meek chair, Juarez vice chair and ratify external appointments

Public commenters urge civic reform movement and voice support for Diamond Tail solar project