News and General Announcements

City of Elephant Butte

Udall, Heinrich: Coronavirus Relief Bill Provides $377 Billion in Small Business Aid, Up to $10 Million Each for Businesses and Non-profits Up to 500 Employees

“Payment Protection” loans can be used for payroll, rent, and utilities and will be forgiven and converted to grants if workers are kept on payroll

WASHINGTON – March 29, 2020, U.S. Senators Tom Udall (D-N.M.) and Martin Heinrich (D-N.M.) are highlighting that the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act includesmajor provisions to provide relief to small businesses and non-profits hurt by the coronavirus pandemic and its required public health responses. The bill includes $377 billion in small business aid – including up to $10 million in Payment Protection Program loans for each small business and non-profit up to 500 employees. The loans will be converted to grants so long as employers maintain their previous payroll through December 31, 2020.  The loans that can be forgiven will be implemented by the Small Business Administration’s (SBA) existing 7(a) program that operates through existing relationships with banks and credit unions. Additional relief options for small businesses and non-profits are also included in the CARES Act.

The CARES Act passed the Senate by a vote of 96-0. It is expected to pass the House soon and be signed into law by the president.

“Small business owners in New Mexico are facing a challenging road ahead while our state and nation respond to this very dangerous public health crisis. Our 150,000 small businesses in New Mexico are truly the heart of our economy –anchoring local communities, employing over 340,000 workers and supporting local economies. They are understandably worried not just about the health and safety of their employees but also their ability to keep their doors open and lights on,” said Udall. “That’s why I fought to ensure this relief package rightly puts small businesses and workers first. I am glad that the Senate came together to provide substantial funding that will help New Mexico’s small businesses and non-profits stay afloat and support their workers during this turbulent time. We’re all in this together, and we all have a part to play in helping stop this virus from overwhelming our health care system. I encourage New Mexico small businesses to take advantage of this relief, and businesses seeking assistance in doing so should contact my office. I promise to keep fighting for relief for our small business owners and non-profit leaders, their employees, and all New Mexicans during this trying time.” 

 “Small business owners across New Mexico are temporarily closing their doors and wondering if they will be able to reopen,” Heinrich said. “These grants and loans from the Small Business Administration can provide essential support that will help them stay afloat and keep their employees on payroll. I am committed to supporting New Mexico’s small business owners throughout this crisis and working with them to rebuild thriving local economies across our state when this is all over.” 

A breakdown of the small business provisions included in the Coronavirus Aid, Relief, and Economic Security Act and information on how to access newly available resources is below: 

Major Highlights: 

  • $10 billion for SBA Economic Injury Disaster Loans program emergency grants of up to $10,000 to provide immediate relief for small business and non-profits operating costs, to be disbursed within 3 days.
  • The plan would provide cash-flow assistance up to $10 million through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. 
  • If employers maintain their payroll, the loans would be forgiven, which would help workers to remain employed and affected small businesses and our economy to quickly snap-back after the crisis. 
  • This proposal would be retroactive to February 15, 2020 and extend to December 31, 2020, to help bring workers who may have already been laid off back onto payrolls.·         
    • $17 billion for SBA to cover 6 months of payments for small businesses with existing SBA loans.·         
    • Makes rent, mortgage and utility costs eligible for SBA loan forgiveness.·         
    • Establishes robust worker protections attached to all federal loans for businesses.·         
    • Adds a retention tax credit for employers to encourage businesses to keep workers on payroll during the crisis. 
  • Support for Small Businesses: Authorizes SBA to provide additional financial awards to resource partners (Small Business Development Centers and Women’s Business Centers) to provide counseling, training, and education on SBA resources and business resiliency to small business owners impacted by COVID-19. 
  • Authorizes SBA to provide an association or association representing resource partners with grants to establish one online platform that consolidates resources and information available across multiple Federal agencies for small business concerns related to COVID–19; and a training program to educate Small Business Development Center, Women’s Business Center, Service Corps of Retired Executives, and Veteran’s Business Outreach Center counselors on the various federal resources available to ensure counselors are directing small businesses appropriately. 
  • This includes $562 million to help small businesses:
  • Ensures SBA has the resources to provide Economic Injury Disaster Loans (EIDL) to businesses that need financial support. This will help businesses keep their doors open and pay their employees.
  • $240 million for SBA Small Business Development Centers and Women’s Business Centers. The non-federal match for Women’s Business Centers would be waived for a period of three months. 
  • $10 million for Minority Business Development Agency’s Minority Business Centers 
  • $25 million for grants to associations representing resource partners.

  • Ensures SBA has the resources to provide Economic Injury Disaster Loans (EIDL) to businesses that need financial support. This will help businesses keep their doors open and pay their employees.
  • $240 million for SBA Small Business Development Centers and Women’s Business Centers. The non-federal match for Women’s Business Centers would be waived for a period of three months. 
  • $10 million for Minority Business Development Agency’s Minority Business Centers 
  • $25 million for grants to associations representing resource partners.
  • Loan Forgiveness: Establishes that borrowers shall be eligible for loan forgiveness equal to the amount spent by the borrower during an 8-week period after the origination date of the loan on:
    • Payroll costs, interest payment on any mortgage incurred prior to February 15, 2020, 
    • Payment of rent on any lease in force prior to February 15, 2020, 
    • Payment on any utility for which service began before February 15, 2020. 
    • Amounts forgiven may not exceed the principal amount of the loan. 
    • The amount forgiven will be reduced proportionally by any reduction in employees retained compared to the prior year and reduced by the reduction in pay of any employee beyond 25 percent of their prior year compensation. 
    • Borrowers which re-hire workers previously laid off will not be penalized for having a reduced payroll at the beginning of the period. 
    • Canceled indebtedness resulting from this section will not be included in the borrower’s taxable income.
  • Emergency Economic Injury Disaster Loan (EIDL) Grants: Establishes an Emergency Grant to allow an eligible entity who has applied for an EIDL loan to request an advance on that loan, of not more than $10,000, which the SBA must distribute within 3 days. 
    • That advance payment may be used for providing paid sick leave to employees, maintaining payroll, meeting increased costs to obtain materials, making rent or mortgage payments, and repaying obligations that cannot be met due to revenue losses. 
    • Establishes that applicant shall not be required to repay advance payments, even if subsequently denied for an EIDL loan. 
    • Eligible entities include startups, cooperatives, and ESOPs with fewer than 500 employees or any individual operating as a sole proprietor or an independent contractor.
    • Requires that for any SBA EIDL loans made in response to COVID-19 before December 31, 2020, the SBA shall waive any personal guarantee on advances and loans below $200,000, the requirement that an applicant needs to have been in business for the 1-year period before the disaster, and the credit elsewhere requirement. 
    • Allows SBA to offer EIDL loans based solely on an applicant’s credit score or an appropriate alternative method for determining applicant’s ability to repay.
  • Subsidy for Certain Loan Payments Defines an eligible loan as an existing 7(a) (including Community Advantage), 504, and microloan product: Allows SBA to encourage lenders to provide deferments and to extend the maturity of the loans to avoid balloon payments or any increases in debt for the borrower during the period of the national emergency declaration. Requires the SBA to pay the principal, interest, and any associated fees that are owed on the defined loans for a 6-month period starting on the next payment due.

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NOTICE OF ADOPTION – ORDINANCE NO. 190

Notice is hereby given that Ordinance 190 was adopted during a duly advertised public meeting of the governing body of the City of Elephant Butte, NM on February 19, 2020. 

Ordinance 190 is an ordinance amending the City of Elephant Butte Code of Ordinances 2015, Chapter 31, Section 31.64, Exemptions.

Ordinance 190 – Chapter 31.64 Exemptions

/S/ Rani Bush

Clerk-Treasurer

Effective Date: March 6, 2020

Posted:  February 28, 2020

NOTICE OF ADOPTION – ORDINANCE NO. 174

Notice is hereby given that Ordinance 174 was adopted during a duly advertised public meeting of the governing body of the City of Elephant Butte, NM on January 22, 2020.

Ordinance 174 is an ordinance of the City of Elephant Butte amending Sections 155.005, 155.026, 155.027, 155.028, 155.029, 155.030, 155.031, 155.032 and 155.033 relating to uses of storage containers in residential and commercial districts.

Ordinance 174 – Storage Containers

/S/ Rani Bush
Clerk-Treasurer

Posted:  October January 24, 2020
Effective Date: January 29, 2020

NOTICE OF PUBLIC HEARING ORDINANCE NO. 189

Notice is hereby given that Ordinance 189 will be presented for Public Hearing on Wednesday, January 22, 2020, at the regular City Council Meeting.

Ordinance 189 is an ordinance of the City of Elephant Butte imposing a moratorium on the issuance of licenses for home-based businesses in all districts pursuant to §§ 155.005, 155.006(G), 155.026(F)(7), 155.027(F)(7), 155.028(F)(6), 155.029(F)(2), 155.030(F)(2), 155.031(G)(6) and 155.032(F)(6) of the City of Elephant Butte Code of Ordinances.

Ordinance 189 – Moratorium on Home-Based Businesses

Rani Bush
Clerk-Treasurer

 

NOTICE OF PUBLIC HEARING ORDINANCE NO. 174

Notice is hereby given that Ordinance 174 will be presented for Public Hearing on Wednesday, January 22, 2020 at the regular City Council Meeting.

Ordinance 174 is an ordinance of the City of Elephant Butte amending Sections 155.005, 155.026, 155.027, 155.028, 155.029, 155.030, 155.031, 155.032 and 155.033 relating to uses of storage containers in residential and commercial

Ordinance 174 – Storage Containers

Rani Bush
Clerk-Treasurer

NOTICE OF ADOPTION – ORDINANCE NO. 180

Notice is hereby given that Ordinance 180 was adopted during a regular meeting of the governing body of the City of Elephant Butte, NM on December 4, 2019 after a duly advertised public meeting on November 6, 2019.

Ordinance 180 is an ordinance of the City of Elephant Butte, New Mexico amending Sections 155.005, 155.026, 155.027, 155.028, 155.029, 155.030 and 155.032 of the Code of Ordinances relating to permitted uses in residential districts.

Ordinance 180 – Residential Building Width

/S/ Rani Bush
Clerk-Treasurer

Posted:  December 9, 2019
Effective Date: December 20, 2019

NOTICE OF PUBLIC HEARING ORDINANCE NO. 18O

Notice is hereby given that Ordinance 180 will be presented for Public Hearing on Wednesday, November 6, 2019 at the regularly scheduled City Council Meeting.

Ordinance 180 is an ordinance of the City of Elephant Butte amending Sections 155.026, 155.027, 155.028, 155.029, 155.030 and 155.032 of the Code of Ordinances relating to permitted uses in residential districts.

Ord. 180 Residential Building Width

Rani Bush
Clerk-Treasurer

Posted:  October 9, 2019

NOTICE OF ADOPTION – ORDINANCE NO. 186

Notice is hereby given that Ordinance 186 was adopted during a duly advertised public meeting of the governing body of the City of Elephant Butte, NM on October 2, 2019.

Ordinance 186 is an ordinance of the City of Elephant Butte imposing a six-month moratorium on issuance of permits for open storage lots in the commercial district pursuant to § 155.033(f)(5) & (g)(28) of the City of Elephant Butte Code of Ordinances.

Ordinance 186 – Storage Lot Moratorium

/S/ Rani Bush
Clerk-Treasurer

Posted:  October 9, 2019
Effective Date: October 9, 2019

NOTICE OF CLOSED MEETING

Notice is hereby given that the City of Elephant Butte will hold a special City Council meeting on Sunday, September 15, 2019 at 9:00 am, City Hall, 103 Water St., Elephant Butte, NM 87935. The meeting is called to conduct a city manager interview and shall be closed pursuant to NMSA 1978, Section 10-15-1(H)(2) Limited Personnel Matters.

Rani Bush
Clerk-Treasurer