WHEREAS, the municipality of the Village of Capitan recognizes that the financing of public capital projects has become a major concern in New Mexico; and

WHEREAS, in times of scarce resources, it is necessary to find new, financing mechanisms and maximize the use of existing resources; and

WHERAS, systematic capital improvements planning is an effective tool for communities to define their development needs, establish priorities and pursue concrete actions and strategies to achieve necessary project development; and

WHEREAS, this process contributes to local and regional efforts in project identification and selection in short and long range planning efforts.

NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL ON CAPITAN that:
1. The municipality has adopted the attached Infrastructure Capital Improvements Plan and;
2. It is intended that the Plan be a working document and is the intended steps toward improving rational, long-range capital planning and budgeting for New Mexico’s infrastructure.

PASSED, APPROVED AND ADOPTED by the Governing Body of the Village of Capitan, Lincoln County, New Mexico on July 12, 2005.

Bobbi Shearer, Mayor Pro Tern

ATTEST:

Anna Gail Grassie, Village Clerk