General:

At the request of the land owner under NMSA 1978 5-11, Public Improvement District Act, the City of Sunland Park ("City") approved the formation of the Rancho Santa Teresa ("RSTPID") and Puesta Del Sol Public Improvement District ("PDSPID") (see the Formation Resolution in the Resource Center). The RSTPID and PDSPID Boards of Directors ("Board") have the responsibility to construct the public improvements and levy taxes upon the property within the boundary. The RSTPID and PDSPID are self-supporting entities and their obligations are NOT obligations of the City.

RSTPID Board of Directors

The Board is composed of five members who serve a term of four or six years. After the initial Board members terms expire, the Board is required to call for the election of a new Board member(s). Only the owners of property located within the boundary of the RSTPID and PDSPID are eligible to vote for the members of the Board.

Election Process:

NMSA 1978 5-11-7

Any election pursuant to the Public Improvement District Act [ 5-11-1 NMSA 1978] shall be a nonpartisan election called by posting notices in three public places within the boundaries of the district not less than twenty days before the election. Notice shall also be published in a newspaper of general circulation in the municipality or county, or if there is no newspaper so circulated in the municipality, in a newspaper of general circulation in the county in which the municipality is located once a week for two consecutive weeks before the election. The notice shall state:

(1) the place of holding the election and provisions for voting by mail, if any;

(2) the hours during the day, not less than six, in which the polls will be open;

(3) if the election is a formation election, the boundaries of the proposed district;

(4) if the election is a bond election, the amount of bonds to be authorized for the district, the maximum rate of interest to be paid on the bonds and the maximum term of the bonds, not exceeding thirty years;

(5) if the election is a property tax levy election pursuant to Section 19 [ 5-11-19 NMSA 1978] of the Public Improvement District Act, the maximum tax rate per one thousand dollars ($1,000) of assessed valuation to be imposed, the purposes for which the revenues raised will be used and the existing maximum tax rate, if any;

(6) that a general plan is on file with the clerk;

(7) the purposes for which the property taxes or the special levies will be imposed, and the revenues raised will be used, including a description of the public improvements to be financed with tax revenues, special levies, district revenues or bond proceeds; and

(8) that the imposition of property taxes or special levies will result in a lien for the payment thereof on property within the district.