1. CITY OF LAS CRUCES Equipment Acquisition Financing Through
New Mexico Finance Authority
Ordinance for NMFA Loan Authorization
June 28, 2010

2. FY 2010 vs 2008 Fire Apparatus Sources and Uses of Funds
Loan Proceeds
$938,875
$896,598
Project Fund
$925,000
$800,000
DSR
Issue Cost $0
$13,875
$89,660
$6,938
Total Uses
Total Maturity
10 yrs
8 yrs
Interest Rate
2.896%
3.799%

3. Equipment Financing Additional Features
Fire Fund pledge from State locked
Maintains replacement schedule for fire apparatus
Takes advantage of low market rates
No debt service reserve requirement (maximizes project funding)

4. Council Options
Approve ordinance resulting in loan proceeds available for acquisition of new fire apparatus
Disapprove ordinance, canceling loan process and new apparatus not purchased
Provide other direction to staff regarding the acquisition of funding or equipment

5. NMFA BORROWINGS BY CLC FY AMT (MIL.) PURPOSE YRS INT 95 $2.9 TELECOMM10
5.1% 02
$0.6
MVRDA COMP 5
3.1% 03
$0.4
JU WATER PUMP 04
$0.2
JU WWTP 20
3.9% 05
$0.3
JU WW MANHOLE REHAB
3.4%

6. STREETS/ARROYO CROSSINGS
NMFA BORROWINGS BY CLC FY
AMT
(MIL.)
PURPOSE
YRS
INT 07
$0.3
JU WATER WELLS 20
3.3%
$0.8
FIRE AERIAL TRK 8
3.6%
$1.8
STREETS HVY EQ
3.7%
$9.9
STREETS/ARROYO CROSSINGS 15
3.9%

7. JU SW RECYCLING PROGRAM FACILITY
NMFA BORROWINGS BY CLC FY
AMT
(MIL.)
PURPOSE
YRS
INT 08
$1.1
JU SW RECYCLING PROGRAM FACILITY 8
3.7%
$2.1
JU WATER STOR 20
3.9%
$6.3
JU WATER RECLAM
$27.4
LAS CRUCES CNTR 25
4.5%
$0.9
FIRE 2 PUMPERS
3.8%
$0.3
STREETS HVY EQ
$3.6
STREETS REHAB 10

8. NMFA BORROWINGS BY CLC * FY AMT (MIL.) PURPOSE YRS INT 08 $2.1
GRIGGS/WALNUT PLUME REMEDIATION 20 *
$2.9
JU WATER RECLAM PHASE II
$11.3
JU WATER SYSTEM
EAST MESA
* IN APPLICATION PROCESS