NMFA - Automated Curbside Recycling Carts

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City of Santa Fe, New Mexico LEGISLATIVE SUMMARY Resolution No. 2016NMFA Curbside Recycling SPONSOR(S):

Mayor Gonzales, Councilors Lindell, VillaJ.Teal, Harris, Maestas, Rivera and Trujillo

SUMMARY:

The proposed resolution authorizes and approves the submission of an application for financial assistance to the New Mexico Finance Authority for automated curbside recycling carts and trucks.

PREPARED BY:

Jesse Guillen, Legislative Liaison

FISCAL IMPACT: Yes

DATE:

November 4, 2016

ATTACHMENTS: Resolution FIR

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CITY OF SANTA FE~ NEW MEXICO

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RESOLUTION NO. 2016-_

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INTRODUCED BY:

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Mayor Javier M. Gonzales

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Councilor Signe I. Lindell

Councilor Renee D. Villarreal

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Councilor Mike Harris

Councilor Joseph M. Maestas

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Councilor Christopher M. Rivera

Councilor Ronald S. Trujillo

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A RESOLUTION

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AUTHORIZING AND APPROVING SUBMISSION OF A COMPLETED APPLICATION

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FOR FINANCIAL ASSISTANCE AND PROJECT APPROVAL TO THE NEW MEXICO

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FINANCE AUTHORITY FOR AUTOMATED CURBSIDE RECYCLING CARTS AND

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TRUCKS.

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WHEREAS, the City of Santa Fe ("Governmental Unit") is a qualified entity under the New

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Mexico Finance Authority Act, Sections 6-21-l through 6-21-31, NMSA 1978 ("Act"), and the City

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of Santa Fe City Council

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financing of public projects for benefit of the Governmental Unit; and

(~'Governing

Body") is authorized to borrow funds and/or issue bonds for

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WHEREAS, the New Mexico Finance Authority ("Authority") has instituted a program for

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financing of projects from the public project revolving fund created under the Act and has developed

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an application procedure whereby the Governing Body may submit an application ("Application")

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for financial assistance from the Authority for public projects; and

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WHEREAS, the Governing Body intends to undertake the acquisition, construction and

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improvement of automated curbside recycling carts and trucks ("Project") for the benefit of the

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Governmental Unit and its citizens; and

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WHEREAS, the application prescribed by the Authority has been completed and submitted

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to the Governing Body and this resolution approving submission of the completed Application to the

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Authority for its consideration and review is required as part of the Application.

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NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF SANTA FE:

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Section 1. That all action (no consistent with the provision hereof) heretofore taken by the

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Governing Body and the officers and employees thereof directed toward the Application and the

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Project, be and the same is hereby ratified, approved and confirmed.

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Section 2.

That the completed Application submitted to the Governing Body, be and the

same is hereby approved and confirmed.

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Section 3. That the officers and employees of the Governing Body are hereby directed and

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requested to submit the completed Application to the Authority for its review, and are further

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authorized to take such other action as may be requested by the Authority in its consideration and

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review ofthe Application and to further proceed with arrangements for fmancing the Project.

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Section 4.

All acts and resolutions in conflict with this resolution are hereby rescinded,

annulled and repealed.

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Section 5. This resolution shall take effect immediately upon its adoption.

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PASSED, APPROVED, and ADOPTED this _ _ day of

, 2016 .

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JAVIER M. GONZALES, MAYOR

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ATIEST:

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YOLANDA Y. VIGIL, CITY CLERK

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APPROVED AS TO FORM:

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M/Legislation/2016 Resolutions/NMFA Curbsidf:! Recycling

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FIRNo.

City of Santa Fe Fiscal Impact Report (FIR)

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This Fiscal Impact Report (FIR) shall be completed for each proposed bill or resolution as to its direct impact upon the City's operating budget and is intended for use by any of the standing committees of and the Goveming Body of the City of Santa Fe. Bills or resolutions with no fiscal impact still require a completed FIR. Bills or resolutions with a fiscal impact must be reviewed by the Finance Committee. Bills or resolutions without a fiscal impact generally do not require review by the Finance Committee unless the subject of the bill or resolution is financial in nature. Section A.

General Information

(Check) Bill: Resolution: X (A single FIR may be used for related bills and/or resolutions) Short Title(s): A RESOLUTION AUTHORIZING AND APPROVING SUBMISSION OF A COMPLETED APPLICATION FOR FINANCIAL ASSISTANCE AND PROJECT APPROVAL TO THE NEW MEXICO FINANCE AUTHORITY FOR AUTOMATED CURBSIDE RECYCLING CARS AND TRUCKS. Sponsor(s): Mayor Gonzales. Councilors Lindell, Villarreal, Harris and Maestas Reviewing Department(s): .,_P"'"ub""l""'ic"-u"'ยท"""'til~it""ie""s'-------------------------Date: ""'"1=1/""3/'-"1_,_6____

Persons Completing FIR: Shirlene Sitton

RoviowodbyCityAttomey:

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