City Council

WELCOME TO THE REGULAR MEETING of the Roswell City Council April 14, 2022 OPENING CEREMONIES • Call to Order by Presiding Officer • Roll Call & Determination of Quorum • Pledge of Allegiance to the Flag and Invocation • Approval of the Agenda/Consent Items and minutes from the March 10, 2022, regular City Council meeting Notice of this meeting has been given to the public in compliance with Sections 10-15-1 through 10-15-4 NMSA 1978 and Resolution 22-14 Except for emergency matters, the City Council shall take action only on the specific items listed on the Agenda. Approval of the agenda for the April 14, 2022, Regular City Council meeting. Approval of the agenda for the April 14, 2022, City Council meeting. ITEM NO. 1 (PERRY/MARTINEZ) Thank you! NON-ACTION ITEMS  Mayor Jennings’ Announcements/Reports ITEM NO. 2 (MAYOR JENNINGS) Joe Neeb - Presentation ITEM 3 (NEEB/MACKEY) PUBLIC HEARINGS Ordinance 22-04: Traffic ITEM NO. 4 (HELDENBRAND/PATTERSON)  Ord. 22-04: Traffic • City Code Chapter 24 governs traffic • Sec. 24-1 adopts by reference the Uniform Traffic Code • Section 24-2 establishes Penalty Assessment Misdemeanors • Proposed amendment would: • Clarify the UTO edition in effect • Add an infraction to the Penalty Assessment Chart • Add a new Section relating to administratively suspended licenses 9 Ord. 22-04: Traffic • Legal Committee voted 3-0 to recommend Ordinance 22-04 at its February 24, 2022 regular meeting • Hold a public hearing to consider adoption of proposed Ord. 22-04 relating to traffic regulations Thank you!  Ordinance 22-06: Amending Ordinance 19-09 ITEM NO. 5 (CORN/FUENTES) Ord. 22-06 Amending Ord. 19-09 • The City borrowed $5.5 million dollars at 0.5% interest rate to design and construct WWTP Dewatering Facility. • Bids were opened on February 8, 2022 and bids were higher than engineer’s last estimate of $6,992,000. • The low bid with GRT is $8,626,664.00. • The proposed ordinance authorizes the acceptance of increasing the funding package by $3,915,000. • The City Council authorized publication of proposed ordinance for a public hearing and consideration of adoption during their Regular Meeting on March 10, 2022. • Finance Committee recommended a public hearing and adoption of Ordinance 22-06 during their meeting on April 11, 2022. Additional funding WWTP Dewatering Facility Project  Resolution 22-23: Disposal of Surplus Personal Property ITEM NO. 13 (CORN/GLENN) Res. 22-23: Disposal of Surplus Personal Property • Resolution to dispose of surplus property of the City • Property will be disposed of in accordance with City Policy • Includes vehicles, equipment and other items from various City department. • Longer list due to end of year inventory cleanup • Includes Exhibit A for items under $2500 and Exhibit B for items over $2501 • Finance Committee recommended approval (3/0)  Resolution 22-24: Budget Adjustment for April 2022 ITEM NO. 14 (CORN/REY) Res. 22-24: Budget Adjustment for FY22 • Revenue (various funds) $6,715,077, Exhibit A • Expenses (various funds) $6,165,890, Exhibit A • Transfers (Various Funds) • The Finance Committee recommended (3-0) approval at their meeting April 11, 2022. Budget Adjustment for FY22 Exhibit A - Revenues Revenues: General Fund (Fund 1101) 6,256,896.00Increase GRT Revenue Budget Through End of Fiscal Year 125,066.00Reimbursement for Dispatch Grant for Software JAG Fund (Fund 2514) 26,434.00Budget Authority for Additional Revenues Received Projected Budget through End of Fiscal Year under City Golf Fund (Fund 2613) 191,624.00 Management Increase Gas Tax Revenue Budget through End of Fiscal Roads Fund (Fund 2623) 54,875.00 Year Restricted Donations Fund (Fund 2690) 60,182.00Budget Authority for Departmental Donations TOTAL 6,715,077.00  Budget Adjustment for FY22 Exhibit A – Expenditures Expenditures: General Fund (Fund 1101): Executive & Legislative 13,813.00 Budget Authority for New Laptops and iPads for Council Executive & Legislative 600.00 Budget Authority for New Phone for Mayor Facilities Maintenance 41,000.00 Increase Temporary Labor for Vacant Positions and Work Order Assistance Police 45,520.00 Budget Authority for Insurance Reimbursement to Purchase New Vehicle Fleet Maintenance 25,504.00 Budget Authority for New Position in Fleet Maintenance Dispatch 125,066.00 Reimbursement for Dispatch Grant for Software  Budget Adjustment for FY22 Exhibit A – Expenditures Expenditures: JAG Fund (Fund 2514) 26802.00 Budget Authority to Purchase New Vehicle Museum Fund (Fund 2611) 53,000.00 Budget Authority for HVAC And Bench Repairs 18,000.00 For Sci-Fi Exhibition and Rocket Model Golf Fund (Fund 2613) 409,080.00 Projected Budget through End of Fiscal Year under City Management Roads Fund (Fund 2623) 1,784,675.00 Budget Authority for Road Repairs Approved at March Council Meeting Restricted Donations Fund (Fund 2690) 60,182.00 Budget Authority for Departmental Donations 2008 GO Bonds DS (Fund 4106) 65.00 Budget Authority for Wire Transfer Fees for Debt Service Payments Budget Authority for Purchase of Torro and Dump Plow Approved at August Council Air Center Fund (Fund 5100) 304,226.00 Meeting Water Fund (Fund 5300) 1,508,049.00 Roswell Air Center Water Line, Approved at March Council Meeting For ITB-22-007 Water Trust Board Project 5434-WPF, Approved at March Council 693,220.00 Meeting 1,057,088.00 14” Water Line Alignment for Ascent Hangar, Approved at March Council Meeting  Budget Adjustment for FY22 Exhibit A – Transfers Transfers: General Fund Transfer out for GRT 1,948,492.00 Budget Authority for GRT Related Transfers Various Funds Transfers In for GRT 1,948,492.00 Budget Authority for GRT Related Transfers General Fund Transfers Out to Museum 271,000.00 Budget Authority for Additional Transfers to Museum Fund Museum Fund Transfers In 271,000.00 Budget Authority for Additional Transfers to Museum Fund General Fund Transfers out to Golf 217,456.00 Projected Budget through end of Fiscal Year under City Management Golf Fund Transfers In 217,456.00 Projected Budget through end of Fiscal Year under City Management General Fund Transfers Out to Streets 1,784,675.00 Budget Authority for Transfers from GRT Settlement Road Fund Transfers In 1,784,675.00 Budget Authority for Transfers from GRT Settlement Road Fund Transfers out to Transit 292,512.00 Budget Authority for Transfers for Gas Tax Related Transfers Transit Fund Transfers In 292,512.00 Budget Authority for Transfers for Gas Tax Related Transfers Water Fund Transfers out to Air Center 5,580.00 Budget Authority for Transfers for Lease at Air Center through End of Fiscal Year Air Center Transfers In 5,580.00 Budget Authority for Transfers for Lease at Air Center through End of Fiscal Year  Proposed Ordinance 22-07 Amendment 3 to Chapter 27 of the Roswell City Code Comprehensive Cannabis Ordinance ITEM NO. 15 PERRY/MAEVERS Proposed Ordinance 22-07 Amendment 3 to Chapter 27 – Roswell City Code Comprehensive Cannabis Ordinance ACTION REQUESTED: This is a Mayor initiated request to consider approval to advertise to hold a public hearing and consider the adoption of proposed Ordinance 22-07 amending Chapter 27, Article 12, of the Roswell City Code relating to cannabis. Proposed Ordinance 22-07 BACKGROUND: • On August 12, 2021, the Roswell City Council adopted Ordinance 21-09, which established a new section of the Roswell City Code relating to cannabis. • Council’s approval of Ordinance 21-09 created a general framework for Chapter 27, yet many sections were reserved for future provisions. • Resolution 21-59 establishing a schedule of fees for Cannabis related projects was passed by the City Council on September 9, 2021 Proposed Ordinance 22-07 BACKGROUND: • Amendment 1, Ordinance 21-10 establishing time, place, and manner in which Chapter 27 applies was approved by the City Council on October 14, 2021. • Amendment 2, Ordinance 21-13, establishing Operational Permits, Inspections, and Enforcement provisions was approved by the City Council on December 9, 2021. Proposed Ordinance 22-07 BACKGROUND: • Staff completed the first draft of the Cannabis Development Guide in October 2021 • Revised/Updated Applications for Cannabis Establishments were completed by mid-December 2021 • The Community Development Department has been ready to accept applications for Cannabis Establishments since January, 2022. Proposed Ordinance 22-07 BACKGROUND: • City staff is continuously monitoring for information and updates related to the processing of cannabis applications, and changes to the rules and regulations from the State of New Mexico. • City staff believes taking an incremental approach to the development of Chapter 27 is the optimal approach for both municipal administration and interested applicants as changes to State regulations are adopted. Proposed Ordinance 22-07 • Proposed Ordinance 22-07, as Amendment 3, creates, modifies, and enhances certain sections and subsections of Chapter 27. • The proposed ordinance will modify Article 12: Non- Conforming Uses, to create provisions for the approval of any previously approved Medical Marijuana establishment to begin operations as a Retail Cannabis Establishment upon presentation of an approved Cannabis Retailer License from the Cannabis Control Division of the New Mexico Regulation and Licensing Department as specified in the Cannabis Regulation Act. Proposed Ordinance 22-07 • Purpose of Proposed Ordinance 22-07 • The proposed ordinance will modify Article 12: Non- Conforming Uses, to provide for streamlined provisions which will allow legal non-conforming uses to operate as both a Recreational Cannabis Retailer and Medical Dispensary following receipt of an approved Cannabis Retailer License from the Cannabis Control Division (CCD) of the New Mexico Regulation and Licensing Department (NMRLD). Proposed Ordinance 22-07 • Amendments and Revisions to Article 12 • The proposed ordinance will modify Article 12: Non- Conforming Uses, Sec. 27-150 and Sec. 27-151.B. • Sec. 27-150. – Purpose will be amended to reflect the provisions to allow existing legal, non-conforming, uses to operate as both a Recreational Cannabis Retailer and Medical Dispensary • Sec. 27-151.B. – Authority to Continue will be revised to create and exception for existing medical dispensaries to engage in recreational cannabis sales Proposed Ordinance 22-07 • Additions to Article 12 • The proposed ordinance will modify Article 12: Non- Conforming Uses, creating Sec. 27-150.C. • Sec. 27-151.C. – Subject to the restrictions of Sec. 27-152, any legally permitted, non-conforming, medical dispensary, in operation as of January 1, 2022, that has applied for, and received an approved Cannabis Retailer License from the Cannabis Control Division (CCD) of the New Mexico Regulation and Licensing Department (NMRLD), may apply for an amended City Business Registration to allow for the commencement of Retail Sales of Recreational Cannabis in addition to the existing Medical Cannabis sales. Proposed Ordinance 22-07 • Beneficial Effects of Proposed Ordinance 22-07 • Cannabis Establishments legally operating within the City of Roswell will be able to begin sales of recreational cannabis immediately after providing proof that the establishment has received an updated license from the NMLRD/CCD and updating the establishment’s Commercial Business License Registration. • Applications to be filed with the Community Development Dept. only • For Existing Cannabis establishments, removes any requirement for Planning & Zoning Commission consideration • For Existing Cannabis establishments, removes City Council final decision–making authority (including variance requests). • Fees associated with cannabis Establishment approval reduced to Business License Registration only ($35) Proposed Ordinance 22-07 • Potential Concerns related to implementation of Ord. 22-07 • Staff will be limited in their analysis and due diligence conducted on projects related to cannabis to protect health, safety and welfare • Without the Zone Change, Conditional Use permit, or Variance applications, staff will be unable to propose appropriate operational standards related to time, place, and manner. • Without a requirement for a Variance, several of the existing cannabis facilities will be located within the required 300’ separation/setback area. • For existing cannabis facilities, neither the Planning and Zoning Commission nor City Council, will have the ability or authority to provide input regarding concerns related to public health & safety. • Fees for Zone Change, CUP, Variance, and Operational Permit waived Proposed Ordinance 22-07 • Projects moving through the review and approval process • As of this date, all existing Medical Cannabis Dispensaries have made contact with the Community Development Department. Several have already made applications and will be reviewed in the near future: • Pecos Valley Productions – P&Z Commission on April 26 • NMTO Ultra Health – P&Z Commission on April 26 • OSO Cannabis – P&Z Commission on May 24 • R. Greenleaf - Tent. P&Z Commission on May 24 • Bryan’s Green Care – P&Z Commission on May 24 (NEW) • PurLife – Tent. P&Z Commission on June 28 (NEW) • SWOP - Tent. P&Z Commission on June 28 Proposed Ordinance 22-07 Amendment 3 to Chapter 27 – Roswell City Code Comprehensive Cannabis Ordinance LEGAL COMMITTEE ACTION/RECOMMENDATION: As this is a Mayor initiated request, the Legal Committee has not reviewed, nor made a recommendation, regarding this proposed ordinance amendment.  ITB-22-016: Roswell Inclusive Park Project Phase 1 ITEM NO. 16 (PERRY/NAJAR) ITB-22-016: Roswell Inclusive Park Project Phase 1 • Consider award of ITB-22-016 Roswell Inclusive Park Project Phase 1 to Lone Mountain Contracting Inc. in the amount of $1,692,700.17 which includes GRT. • Project funding is partially funded by Legislative Grant with an unobligated balance of $1,298,108.75. • Infrastructure Committee recommended 4-0 ITB-22-016: Roswell Inclusive Park Project Phase 1 Park conceptual historically used. ITB-22-016: Roswell Inclusive Park Project Phase 1 Thank you! Emergency Large Diameter Water Line Repairs ITEM NO. 17 (PERRY/SANCHEZ) Emergency Large Diameter Water Line Repair • Consider approval to ratify large diameter emergency water line repair work to White Cloud Pipeline Corp. for repair • N. Montana and 16th in the amount of $210,726.76 • Garden and Cherry in the amount of $86,859.72 • 3rd and Railroad in the amount of $235,615.76 • Amounts include GRT Tax of 7.8333% • Total with GRT $533,202.24 • The City had three large diameter water line breaks (Two 36” and one 20”) in three different locations Emergency Large Diameter Water Line Repair • The large diameter water line repair work was repaired by White Cloud Pipeline Corp. utilizing RFP-22-006. • This is specialized work requiring line stops, large excavators and shoring equipment. • White Cloud Pipeline was selected to perform the repair work due to having parts and equipment readily available for the quickest line stop installation and expedited repair of the broken transmission lines. Thank you! Zoning Case 22-005 FPLAT Unit 1 The Oaks Subdivision ITEM NO. 18 (PERRY/MAEVERS) Zoning Case 22-005 FPLAT • The applicant and property owner of the 22.184 acres +/- south of Country Club Rd and east of Nevada Ave is requesting approval of the Oaks Unit 1 Subdivision Final Plat to create 62 residential lots. Zoning Case 22-005 FPLAT Country Club Rd Location of the Oaks Unit 1 Subdivision – South of Unit 1 in Relation to the Oaks Master Plan Country Club Rd and East of Nevada Ave Zoning Case 22-005 FPLAT Zoning Case 22-005 FPLAT • The Planning and Zoning Commission recommended approval (5-0) of Zoning Case 22-005 FPLAT at their meeting on March 22, 2022. CITY COUNCIL RECOMMENDATION: • Consider approval of Zoning Case 22-005 FPLAT (Final Plat for the Oaks Unit 1 Subdivision) to create 62 residential lots south of Country Club Rd and east of Nevada Ave. Thank you! Zoning Case 22-006 FPLAT Unit 7 The Oaks Subdivision ITEM NO. 19 (PERRY/MAEVERS) Zoning Case 22-006 FPLAT • The applicant and property owner of the 13.61 acres +/- south of Country Club Rd and west of Nevada Ave is requesting approval of the Oaks Unit 7 Subdivision Final Plat to create 48 residential lots. Zoning Case 22-006 FPLAT Country Club Rd Location of the Oaks Unit 7 Subdivision – South of Unit 7 in Relation to the Oaks Master Plan Country Club Rd and West of Nevada Ave Zoning Case 22-006 FPLAT Zoning Case 22-006 FPLAT • The Planning and Zoning Commission recommended approval (5-0) of Zoning Case 22-006 FPLAT at their meeting on March 22, 2022. CITY COUNCIL RECOMMENDATION: • Consider approval of Zoning Case 22-006 FPLAT (Final Plat for the Oaks Unit 7 Subdivision) to create 48 residential lots south of Country Club Rd and west of Nevada Ave. Thank you! Armstrong Consultants, Inc. ITEM NO. 20 (CORN/STARK) ARMSTRONG CONSULTANTS, INC. • Consider approval of Task Order G (a listed project) of the Professional Services Agreement with Armstrong Consultants, Inc. to update the Airport Master Plan and Airport Layout Plan. • The Airport Master Plan was updated in 2012. FAA recommends an update approximately every 10 years. • The cost of the project will be $721,052.38 including NMGRT which will be funded 95% by an FAA Grant with 5% to be split between the City and the State Aviation Div. Thank You! Faith Group, LLC. REGULAR ITEM NO. 21 (CORN/CHRISTOPHER) FAITH GROUP, LLC. • Consider approval of contracting the research and generation of a new Airport Security Program (ASP) approved by the Transportation Security Agency by the Faith Group, LLC. • The Roswell Airport (ROW) is required by the Transportation Security Administration (TSA) to provide a new Airport Security Plan (ASP) to the TSA. • The Faith Group specializes in the design, development, and finalization of a TSA approved ASP including pertinent TSA Security Directives and TSA National Amendments required due to the imposed time constraints. • Currently this is under the sole source procurement process, the sole source protest period ends 04/23/2022. • The fee is $99,268.96 to be paid out of Air Center reserve funds which will require a budget adjustment. Thank you!  RFP-22-010 Security Guard Services ITEM NO: 22 HELDENBRAND/CHRISTOPHER RFP-22-010 Approval of Award Recommendation • Consider approval of evaluation Award Recommendation for RFP-22-010 Security Guard Services for the Roswell Air Center (ROW) and City Departments and authorization for City Manager to enter into contract negotiations with a pool of three (3) vendors for a Multi-Source Award. • The recommended contractors are Imperium Risk of Lubbock, TX, S.C.P. Security of Roswell, NM and Crusader Protective Services of Roswell, NM. Thank you! Election of Mayor Pro Tem ITEM NO. 23 (PERRY/PATTERSON) Election of Mayor Pro Tem • Mayor Pro Tem serves in the mayor’s absence • Annual Election • Governing Body Rules of Order Section 7(p) • May self-nominate • No second required • Roll-call vote • Nominee with majority of votes cast is elected Thank you! Appointive Offices ITEM NO. 24 (MAYOR PRO TEM/PATTERSON) Appointive Offices NMSA 1978 § 3-11-5(A) At the organizational meeting of the governing body, the mayor shall submit, for confirmation by the governing body, the names of persons who shall fill the appointive offices of the municipality and the names of persons who shall be employed by the municipality. If the governing body fails to confirm any person as an appointive official or employee of the municipality, the mayor at the next regular meeting of the governing body shall submit the name of another person to fill the appointed office or to be employed by the municipality. Appointive Offices NMSA 1978 § 3-12-4(A) The governing body of each municipality shall provide for the office of clerk, treasurer and police officer. The offices of clerk and treasurer may be combined and one person appointed to perform both functions. Appointive Offices For fulfillment of statutory duties, consider appointment to the following offices. • City Treasurer • Police Officer • City Clerk Thank you! COMMITTEE REPORTS  Closed Session ITEM NO. 25 (MAYOR PRO TEM/PATTERSON) Closed Session • CLOSED SESSION - Hold a Closed Session: • pursuant to NMSA 1978 § 10-15-1H (7), to discuss attorney-client privilege pertaining to litigation threatened or pending against the City. • pursuant to NMSA 1978 § 10-15-1H (2), to discuss limited personnel matters relating to the City Manager. Thank you! PUBLIC PARTICIPATION City Manager Report THE END Ordinance 22-05: Admiral Beverage IRB ITEM NO. 6 (HELDENBRAND/PATTERSON)  Ord. 22-05: Admiral Beverage IRB • Industrial Revenue Bonds are a statutory mechanism to promote economic development through issuance of bonds for the purpose of funding investments in private infrastructure • The City acts as a fiscal agent for the bond funds, but the general fund is never liable for payment of the bonds • Admiral Beverage is proposing to fund a new warehouse facility at its location on Brasher (cost $9 million) 75 Ord. 22-05: Admiral Beverage IRB • Legal Committee voted 3-0 to recommend Ordinance 22-04 at its February 24, 2022 regular meeting • Hold a public hearing to consider adoption of proposed Ord. 22-05 to issue an industrial revenue bond for Admiral Beverage Corporation Thank you! CONSENT AGENDA  Res. 22-21 (Weed Abatement) Thirteen (13) separate properties within the city. CONSENT ITEM NO. 7 (PERRY/MAEVERS) Thirteen (13) separate properties within the city. 1817 N WASHINGTON AVE 805 N MONTANA AVE MILITARY HEIGHTS Lot 43 PORTER Block 6 Lot 8 URIOSTE, JUAN; URIOSTE, MAYRA SANTOS, JUAN PO BOX 65415 807 N MONTANA AVE ALBUQUERQUE, NM 87193 ROSWELL, NM 88201 1809 N MISSOURI AVE APPROX. 91 1/2 E EYMAN ST BAUMGARTNERS REDIVISION Block 2 Lot 18 HARRIS SUMMARY PLAT Lot TRACT H REYES, PETE M.; FELIPE O REYNA DEBRA L PIERCE 500 GUADALAJARA CIR 169 E BLEVINS RD IRVING, TX 75062 ARTESIA, NM 88210 113 S ELM AVE 111 S ELM AVE ACEQUIA Block 6 Lot S 27 28 ACEQUIA Block 6 Lot S 29 30 GALVAN, JOSE E JR MEDINA, RICHARD L 115 S MULBERRY AVE 109 S ELM AVE ROSWELL, NM 88203 ROSWELL, NM 88203 1402 E HOAGLAND ST 718 E ALAMEDA ST HOAGLAND AMEND Block 1 Lot 11 FLORA VISTA Block 1 Lot 28 MEZA, ESTEVAN TALAVERA, JOSUE E 200 N 35TH AVE #190 816 S MAIN ST GREELEY, CO 80634 ROSWELL, NM 88203 Thirteen (13) separate properties within the city. 908 E DEMING ST 604 E ALAMEDA ST BARNETTS Block 12 Lot 3 AND Lot 5 ACEQUIA Block 4 Lot 5 BENAVIDES ESTATE, TOM; AND Lot 6 AND Lot 7 E2 BENAVIDES ESTATE, KATHLEEN L ESPARZA, PASCUAL 2515 HARRIS RD SW 712 W ALAMEDA ST ALBUQUERQUE, NM 87105-5311 ROSWELL, NM 88203 601 E BLAND ST 712 E ALBUQUERQUE ST BARNETTS Block 2 Lot 14 BARNETTS Block 3 Lot 3 LARA-LUCERO, CAROL ANN GONZALES, FELIPE R 603 E MATHEWS ST 1639 GULF AVE ROSWELL, NM 88203 WILMINGTON, CA 90744 604 W JAFFA SOUTH PLAINS PARK 1 Block C Lot 3 BURNES, COY N 604 W JAFFA ST ROSWELL, NM 88203 Re. 22-22 (Condemnations) Four (4) properties within the city. CONSENT ITEM NO. 8 (BEST/MAEVERS) Four (4) property within the city. Location Condition Name CORDOVA, TERESA M; JOJOLA, 306 E DEMING ST DILAPIDATED/DETERIORATION STEPHANIE R; JOJOLA, DANIEL L; SOUTH ROSWELL OPEN TO PUBLIC, INADEQUATE 204 E MIDWEST ST Block 46 Lot 15, 17 MAINTENANCE HOBBS, NM 88240 511 N RAILROAD AVE DILAPIDATED/DETERIORATION PEREZ, FEDERICO HOLSTUN REDIVISION OPEN TO PUBLIC, INADEQUATE PO BOX 52 Tract B Quarter SW MAINTENANCE ALCALDE, NM 87511 S 33 T 10S R 24E DILAPIDATED/DETERIORATION VASQUEZ, DELORIS P 1506 S MONROE AVE OPEN TO PUBLIC, INADEQUATE 1417 S BONITA DR RICE Block 0 Lot 2 MAINTENANCE ROSWELL, NM 88203 800 E TILDEN ST DILAPIDATED/DETERIORATION RIVERA, ANTONIO FLORA VISTA Block 4 OPEN TO PUBLIC, INADEQUATE 929 E JEFFERSON ST Lot 26 Thru Lot 28 MAINTENANCE ROSWELL, NM 88203 Thank you! Admiral Beverage IRB Indenture ITEM NO. 10 (HELDENBRAND/PATTERSON)  Admiral Beverage IRB Indenture • Item 6 - City Council considered adoption of Ord. 22-06 to issue an industrial revenue bond in an amount of $9 million for the construction of a facility by Admiral Beverage Company at its facility located on Brasher Rd. • Proposed Indenture submitted by Admiral’s bond counsel for approval by the City Council in connection with the issuance of the IRB, as contemplated by Ord. 22-05 • Indenture and other bond documents executed at closing, no earlier than 30 days from adoption of Ord. 22-05 84 Admiral Beverage IRB Indenture • City has no financial liability for the proposed Indenture • Legal Committee voted 4-0 to recommend the Indenture at its March 24, 2022 regular meeting • Consider adoption of the proposed IRB Indenture to in connection with the industrial revenue bond for Admiral Beverage Corporation Thank you! Admiral Beverage IRB Bond Purchase Agreement ITEM NO. 11 (HELDENBRAND/PATTERSON)  Admiral Beverage IRB BPA • Item 6 - City Council considered adoption of Ord. 22-06 to issue an industrial revenue bond in an amount of $9 million for the construction of a facility by Admiral Beverage Company at its facility located on Brasher Rd. • Proposed BPA submitted by Admiral’s bond counsel for approval by the City Council in connection with the issuance of the IRB, as contemplated by Ord. 22-05 • BPA and other bond documents executed at closing, no earlier than 30 days from adoption of Ord. 22-05 87 Admiral Beverage IRB BPA • City has no financial liability for the proposed BPA • Legal Committee voted 4-0 to recommend the BPA at its March 24, 2022 regular meeting • Consider adoption of the proposed IRB BPA to in connection with the industrial revenue bond for Admiral Beverage Corporation Thank you! Admiral Beverage IRB Lease Agreement ITEM NO. 12 (HELDENBRAND/PATTERSON)  Admiral Beverage IRB Lease • Item 6 - City Council considered adoption of Ord. 22-06 to issue an industrial revenue bond in an amount of $9 million for the construction of a facility by Admiral Beverage Company at its facility located on Brasher Rd. • Proposed Lease Agreement submitted by Admiral’s bond counsel for approval by the City Council in connection with the issuance of the IRB, as contemplated by Ord. 22- 05 • Lease and other bond documents executed at closing, no earlier than 30 days from adoption of Ord. 22-05 90 Admiral Beverage IRB Lease Agreement • City has no financial liability for the proposed Lease Agreement • Legal Committee voted 4-0 to recommend the Lease Agreement at its March 24, 2022 regular meeting • Consider adoption of the proposed IRB Lease Agreement to in connection with the industrial revenue bond for Admiral Beverage Corporation Thank you! NEW BUSINESS/REGULAR ITEMS FUTURE AGENDA ITEMS