WHEREAS, the Village of Capitan Fire Department would like to submit an application to the New Mexico Finance Authority to buy a new fire truck at a cost of $218,854.00 and;

WHEREAS, upon approval to put a down payment of $44,000.00 from the 2006-2007 Fire Department Fund budget.  The loan, if approved, would be intercept through the Fire Protection Fund Monies each year thereafter until the balance was paid in full and;

WHEREAS, the Governing Body in and for the Village of Capitan, State of New Mexico meeting in regular session on the 11th day of July 2006 approved the submission of an application to the New Mexico Finance Authority and;

NOW THEREFORE, BE IT RESOLVED that the Governing Body of the Village of Capitan authorizes the submittal of an application to the New Mexico Finance Authority for approval of a loan for a new fire truck where the funds will be intercepted through the Fire Protection Fund.

DONE, PASSED, AND APPROVED by the Governing Body of the Village of Capitan, Lincoln County, New Mexico on this 11th day of July 2006.



                                                                          ___________________________________
                                                                          Sammy L. Hammons, Mayor


ATTEST:



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Kay Strickland, Village Clerk