Discover the Facts:
City of T or C Police Station
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Positive input from our community is very valuable to our city commissioners and city manager.
T or C Police Ordinance 767
02/12/25 City Commissioners voted for recission of Ordinance No. 767
NO Special Election on March 3rd
Update coming soon from T or C on what is being planned for the future of the T or C Police Station.
Click on the buttons below to view more info
Question and Answers
Questions with answers.
Is the new one lane traffic lane on Main street and Broadway going to be an issue for police vehicles get on the Main street for an Emergency, especially on major weekends? (2025/02/6)
Questions waiting for answers.
Is this location of 210 Main Street in a flood Zone?
Waiting on answer form the city 2/5/2025
Achieved question and answer from T or C Police Ordinance 767
What is the cost for this special election that is being held on March 3rd, 2025? (2025/02/06)
Answer #1: (2025/02/06)
I did not complete the quotes fully before the delays came but I can give you what I did get put together. Please remember that these prices reflect both Special Elections together:
Postage: $7,632.00
Robis Election Services: $29, 32.28
Dominion Voting setup: $4,100.00
Publishing: $810.65
Plus each voter will receive a mailing regarding the Special election beforehand and this will add an approximate cost from $4-8 thousand.
For both elections held together-approximate cost is $45-$48,000
Please remember that this is just approximate cost and is not an exact number. This is also the approximate cost to hold BOTH Elections together and are subject to change.
Answer #2 (2025/02/06)
When should we receive our special election mail ballots?
D. Between the twenty-seventh and twenty-fifth day before the election, pursuant to Subsection B of this section, the county clerk shall send to each voter a ballot for the special election, along with a postage-paid return envelope, a notice that there will be no traditional polling places for the election, the recommended deadline to deposit the voted mailed ballot with the United
States postal service for return by mail, the deadline for the ballot to be received by the county clerk and a list of the times and locations of monitored secured containers available in the county.
As Per (NM_Election_Handbook_SOS-2023)
Page 285- 286 of 364
Click here for more information on special election rules.
How long will it take to pay this loan back?
w Mexico Finance Authority Loan No. PPRF-6486
Governmental Unit:
Project Description:
CITY OF TRUTH OR CONSEQUENCES, NEW MEXICO
Acquisition, construction and renovation of an existing building for law enforcement for the Governmental Unit.
Loan Agreement
Principal Amount: $1,680,000
Disadvantaged Funding Amount: $168,000
Pledged Revenues: Revenues derived from the one-fourth of one percent (1/4%)
increment of municipal gross receipts tax imposed on all persons engaging in business in the Governmental Unit by Ordinance No. 606, adopted June 14, 2011, with an effective
date of January 1, 2012, which tax equals, subject to the exemptions specified in Section 7-19D-9 NMSA 1978, onefourth of one percent (1/4%) of the gross receipts of all persons engaging in business in the Governmental Unit for the month in which the tax is distributedto the Governmental
Unit, for the month for which the distribution is made, subject to any increase or decrease made pursuant to Section
7-1-6.15, NMSA 1978, and after any disbursements for tax audits, refunds, payments of interest and administrative
costs. Pledged Revenues also includes (i) the portion of the gross receipts tax distribution to the Governmental Unit to be made pursuant to Section 7-l-6.46 NMSA 1978, which represents the amount of Pledged Revenues set forth in the sentence above that would have been remitted to the
Governmental Unit but for the deductions provided by Sections 7-9-92 and 7-9-93 NMSA 1978 and (ii) any similar
distributions made to the Governmental Unit in lieu of Pledged Revenues, but Pledged Revenues do not include any
similar distributions in lieu of any other local option gross receipts tax revenues.
Coverage Ratio: 125%
Distributing State Agency:
Currently Outstanding Parity
Obligations:
State of New Mexico Taxation and Revenue Department
A-1
Loan Agreement
Truth or Consequences, Loan No. PPRF-6486
Additional Parity Bonds Test: 125%
Authorizing Legislation: Ordinance No. 767 adopted on August 14, 2024
Closing Date: [CLOSING DATE]
Blended Interest Rate:
Program Account Deposit: $1,555,000
Loan Agreement Reserve
Account Deposit: $125,000
Finance Authority Debt Service
Account Deposit: $0.00
First Interest Payment Date: December 1, 2024
First Principal Payment Date: June 1, 2025
Final Payment Date: June 1, 2044
PROGRAM ACCOUNT DEPOSITS MUST BE USED WITHIN THREE YEARS ‘UNLESS A
LATER DATE IS APPROVED IN WRITING TO THE TRUSTEE AND THE FINANCE
AUTHORITY BY BOND COUNSEL TO THE FINANCE
Page 48-49 of 52 (Ordinance 767)
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City of T or C Police Station?
View Suggested Mitigations.
Waiting for first mitigation suggestion.
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Upload any supporting documentation for your mitigation.
Mitigation section:
An open place for constituents to share a thought out possible solution for our elected officials to review and consider in their decision process on major concerns within our community. This would be a very productive way to get involved in our busy world without getting ridiculed or belittled. To help ensure this, we will not post your names. However, please take the time to articulate your mitigation in a productive way, not as a complaint.
Mitigation-City of T or C Police Station
Supporting documents and links:
T or C Police Ordinance 767
Special Election
Click on the buttons below to view complete ordinance
Key information in the ordinance
"Project" means
“Project” means (i) acquiring, constructing, furnishing, equipping, beautifying, or making
improvements to a public safety building for the City, (ii) funding the Loan Agreement Reserve
Account, and (iii) paying Expenses.
Page 6 of 52 (Ordinance 767)
Section 12. Amendment of Ordinance
Section 12. Amendment of Ordinance. Prior to the date of the initial delivery of the Loan
Agreement to the Finance Authority, the provisions of this Ordinance may be supplemented or
amended by ordinance or resolution of the Governing Body with respect to any changes which are
not inconsistent with the substantive provisions of this Ordinance. This Ordinance may be amended
by ordinance of the Governing Body without receipt by the Governmental Unit of any additional
consideration, but only with the prior written consent of the Finance Authority.
Page 11 of 52 (Ordinance 767)
AMOUNT OF NOT TO EXCEED $2,000,000
TO PAY A PRINCIPAL AMOUNT OF NOT TO
EXCEED $2,000,000, TOGETHER WITH INTEREST THEREON, FOR THE
PURPOSE TO (l) ACQUIRE, CONSTRUCT, RENOVATE, FURNISH, EQUIP,
BEAUTIFY AND IMPROVE A PUBLIC SAFETY BUILDING FOR THE
BENEFIT OF THE CITY AND ITS RESIDENTS, (2) FUND A DEBT SERVICE
RESERVE ACCOUNT, AND (3) PAY COSTS OF ISSUANCE; PROVIDING FOR
THE PAYMENT DUE UNDER THE LOAN AGREEMENT SOLELY FROM THE
REVENUES OF THE 1/4 0F ONE PERCENT (0.25%) INCREMENT OF
MUNICIPAL GROSS RECEIPTS TAX IMPOSED ON ALL PERSONS
ENGAGING IN BUSINESS IN THE GOVERNMENTAL UNIT PURSUANT TO
SECTION 7-19D-9 NMSA 1978 AND GOVERNMENTAL UNIT ORDINANCE
N0. 606 ADOPTED JUNE 14, 2011 (THE “GROSS RECEIPTS TAX”);
Page 12 of 52 (Ordinance 767)
"Pledged Revenues" means
“Pledged Revenues” means the revenues derived from the one-fourth of one percent (1/4%)
increment of municipal gross receipts tax imposed on all persons engaging in business in the
Governmental Unit by Ordinance No. 606, adopted June 14, 2011, with an effective date of
January 1, 2012, which tax equals, subject to the exemptions specified in Section 7-19D-9 NMSA
1978, one-fourth of one percent (1/4%) of the gross receipts of all persons engaging in business in
the Governmental Unit for the month in which the tax is distributed to the Governmental Unit.
Pledged Revenues also includes (i) the portion of the gross receipts tax distribution to the
Governmental Unit to be made pursuant to Section 7-1-6.46 NMSA 1978, which represents the
amount of Pledged Revenues set forth in the sentence above that would have been remitted to the
Governmental Unit but for the deductions provided by Sections 7-9-92 and 7-9-93 NMSA 1978
and (ii) any similar distributions made to the Governmental Unit in lieu of Pledged Revenues, but
Pledged Revenues do not include any similar distributions in lieu of any other local option gross
receipts tax revenues.
Page 26 of 52 (Ordinance 767)
EXHIBIT "A" TERM SHEET
New Mexico Finance Authority Loan No. PPRF-6486
Governmental Unit:
Project Description:
CITY OF TRUTH OR CONSEQUENCES, NEW MEXICO
Acquisition, construction and renovation of an existing building for law enforcement for the Governmental Unit.
Loan Agreement
Principal Amount: $1,680,000
Disadvantaged Funding Amount: $168,000
Pledged Revenues: Revenues derived from the one-fourth of one percent (1/4%)
increment of municipal gross receipts tax imposed on all persons engaging in business in the Governmental Unit by Ordinance No. 606, adopted June 14, 2011, with an effective
date of January 1, 2012, which tax equals, subject to the exemptions specified in Section 7-19D-9 NMSA 1978, onefourth of one percent (1/4%) of the gross receipts of all persons engaging in business in the Governmental Unit for the month in which the tax is distributedto the Governmental
Unit, for the month for which the distribution is made, subject to any increase or decrease made pursuant to Section
7-1-6.15, NMSA 1978, and after any disbursements for tax audits, refunds, payments of interest and administrative
costs. Pledged Revenues also includes (i) the portion of the gross receipts tax distribution to the Governmental Unit to be made pursuant to Section 7-l-6.46 NMSA 1978, which represents the amount of Pledged Revenues set forth in the sentence above that would have been remitted to the
Governmental Unit but for the deductions provided by Sections 7-9-92 and 7-9-93 NMSA 1978 and (ii) any similar
distributions made to the Governmental Unit in lieu of Pledged Revenues, but Pledged Revenues do not include any
similar distributions in lieu of any other local option gross receipts tax revenues.
Coverage Ratio: 125%
Distributing State Agency:
Currently Outstanding Parity
Obligations:
State of New Mexico Taxation and Revenue Department
A-1
Loan Agreement
Truth or Consequences, Loan No. PPRF-6486
Additional Parity Bonds Test: 125%
Authorizing Legislation: Ordinance No. 767 adopted on August 14, 2024
Closing Date: [CLOSING DATE]
Blended Interest Rate:
Program Account Deposit: $1,555,000
Loan Agreement Reserve
Account Deposit: $125,000
Finance Authority Debt Service
Account Deposit: $0.00
First Interest Payment Date: December 1, 2024
First Principal Payment Date: June 1, 2025
Final Payment Date: June 1, 2044
PROGRAM ACCOUNT DEPOSITS MUST BE USED WITHIN THREE YEARS ‘UNLESS A
LATER DATE IS APPROVED IN WRITING TO THE TRUSTEE AND THE FINANCE
AUTHORITY BY BOND COUNSEL TO THE FINANCE
Page 48-49 of 52 (Ordinance 767)