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File #: OR1054-25    Version: 1
Type: Ordinance Status: Introduction of Ordinance
File created: 3/18/2025 In control: County Council - Regular Session
On agenda: 5/6/2025 Final action:
Title: Introduction of Incorporated County of Los Alamos Ordinance No. 741; an Ordinance Authorizing the Execution and Delivery of a Loan and Subsidy Agreement by and Between the Incorporated County of Los Alamos and the New Mexico Finance Authority (NMFA,) in the Total Amount of $2,727,000 for the Purpose of Financing the Costs of Phases II & III of the Denver Steels Waterline Replacements Project
Presenters: James Alarid
Indexes (Council Goals): Quality Excellence - Infrastructure Asset Management, Quality Governance - Fiscal Stewardship, DPU FY26 - 1.0 Provide Safe and Reliable Utility Services, DPU FY26 - 2.0 Achieve and Maintain Excellence in Financial Performance
Attachments: 1. A - Ordinance No 741, 2. B - Loan and Subsidy Agreement, 3. C - Pledged Revenue Certificate, 4. D - Delivery, Deposit and Cross-Receipt Certificate, 5. E - General and No Litigation Certificate, 6. F - Borrower's Opinion, 7. G - Sutin Opinion
Related files: OR1054-25a
Title
Introduction of Incorporated County of Los Alamos Ordinance No. 741; an Ordinance Authorizing the Execution and Delivery of a Loan and Subsidy Agreement by and Between the Incorporated County of Los Alamos and the New Mexico Finance Authority (NMFA,) in the Total Amount of $2,727,000 for the Purpose of Financing the Costs of Phases II & III of the Denver Steels Waterline Replacements Project
Recommended Action
I introduce, without prejudice, Incorporated County of Los Alamos Ordinance No. 741; an Ordinance Authorizing the Execution and Delivery of a Loan and Subsidy Agreement by and Between the Incorporated County of Los Alamos and the New Mexico Finance Authority (NMFA,) in the Total Amount of $2,727,000 for the Purpose of Financing the Costs of Phases II & III of the Denver Steels Waterline Replacements Project, and ask staff to assure that it is published as provided in the County Charter.
Utilities Manager's Recommendation
The Utilities Manager recommends that Council Introduce Ordinance No. 741 as presented.
Board, Commission or Committee Recommendation
The Board of Public Utilities affirmed Ordinance No. 741 at their regular meeting on April 16, 2025 and recommends that Council introduce Ordinance No. 741 as presented.
Body
The Department of Public Utilities coordinates capital improvement projects with the Public Works Department each year as part of the budget preparation. The Denver Steels neighborhood has been a planned project due to the deteriorating condition of the roads. The existing waterlines are approximately 75 years old and are cast iron with lead joints. The water mains and services lines experience regular leaks and are in need of replacement. Existing sewer mains beneath the new roadway will also be replaced to eliminate the risk of having to excavate the new road to repair the sewer. Phase I of the project was completed in 2018, and replaced the road and waterlines closest to Diamond Drive. Phase II and Phase III are planned...

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