Sandoval County
Pro-Data Center Policies
Sandoval County authorized financing and lease documents, including a payment in place of taxes, to support the NMRD Data Center IV project; the description identifies no additional limits on its construction or operation.
Incentives
Tax benefits
Authorizes the NMRD Data Center IV project's IRB lease and payment-in-lieu-of-taxes arrangement, with negotiated tax payments for the project rather than ordinary property-tax treatment.
current law · County measureAuthorizes Sandoval County’s participation in financing the NMRD Data Center IV, LLC project through a bond ordinance and related lease, indenture, and bond purchase agreement; it was adopted unanimously on October 25, 2023.New Mexico Ordinance 10-25-23.10A (2023)
What this means
The measure authorizes bond and lease documents for the NMRD Data Center IV project, including a payment-in-lieu-of-taxes arrangement. That offers financial support for the project, and the sources do not identify added rules limiting data center construction or operation.
People behind it
- Joshua A. Jones
District 5 Commissioner and explicitly identified sponsor of the Veterans Day and Native American Heritage Month proclamations.
- Michael Jaramillo
Administration requestor for the gross receipts tax ordinances, court-facility financing measures, patent-application request, and related agenda items.
- Cassandra Herrera
Finance requestor for the budget resolutions involving the Senior Program, Opioid Fund, and Sheriff's Recruitment Fund.
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- Angela Rodden
Human Resources requestor for the resolution amending the Sandoval County Personnel Rules and Regulations.
- Sandoval County Board of County Commissioners
Governing body responsible for adopting the county ordinances, resolutions, legislative priorities, and related measures.
- New Mexico Counties Board of Directors
Approved the New Mexico Counties legislative priorities presented for county adoption.
- New Mexico Counties
Proposed and requested support for the organization's 2024 legislative priorities.
Benefits & exceptionsHide benefits & exceptions3
Authorizes an industrial revenue bond financing for the NMRD Data Center IV, LLC project, supported by a lease, indenture, and bond purchase agreement, providing a financing structure for developing the project.
Provides a payment-in-lieu-of-taxes arrangement through Exhibit B to the project lease, allowing the project’s tax-related payments to be governed by the negotiated PILOT terms rather than ordinary property-tax treatment.
Updates the NMRD Data Center III project’s PILOT allocation to comply with the newer statutory formula, under which payments are allocated based on the project’s school district, school-district land area, and population.
Sources
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